“This G20 in Rio was all about the power of the Global South, with poverty eradication and genuine economic progress trumping the old G7 agendas of war, profit, and arm-twisting…” Pepe Escobar
Beijing’s prime role as an engine and cooperation propeller across AsiaPacific also applies to most of the G20 members. China is the largest trading partner of the 13 APEC economies, and is responsible for 64.2 percent of Asia-Pacific’s economic growth. Even under what can be described as NATO’s all-out tech sanctions Chinese tech firms are growing at warp speed. As a result, all Western tech companies are in deep trouble with massive retrenchment, factory downsizes, and shutdowns.
Read Pepe Escobar on Zero Hedge
