Deciphering China (Part I): Decoupling or New Silk Road?

12.Jul.22    english

China’s control of the pandemic has not cancelled out the impact generated by the virus that originated there, as it is closely intertwined with capitalist globalisation. This has made it necessary for the new power to rethink its economic strategy. Its partnership with the United States was shattered by the 2008 crisis but decoupling did not produce the expected results. The proposed New Silk Road presupposes a return to the world market to temper overproduction, but it has rekindled the dispute with Washington. The trade war has already moved on to become a currency war, but it will be settled in the area of technology. No one knows who will win this battle, but political divergences and internal social tensions will define its outcome.Leer texto completo [PDF]