Stay updated with breaking news from Chen Xia. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The biggest single problem in Australia getting back into rhythm with China and resuming a nice easy quick step is getting America to desist applying pressure on Australia.
The potential increase in Chinese demand for energy products doesn’t necessarily mean China will exacerbate the global energy crunch. Imbalance in the global energy supply is the root cause of the current energy crisis which appears likely to continue into 2023.
Each country has its unique benefit it brings to the continent. But it is widely accepted that improvement in US-China relations is better for the continent because addressing some of the structural issues at major multilateral platforms require both countries reaching consensus.
The recent financial events, such as Blackstone's limits on redemptions, are the inevitable results of Americans' excessive innovation in the financial sector over the years, which could be seen as a sign of a liquidity problem surfacing in the US.
As more African nations lose trust in it, all the US can do is fill its “promises” with empty words and visions that sound grand. Whatever it will say during the US-Africa Leaders Summit is likely to be just another empty promise that no one will buy.