After predicting for years that the Chinese economy would soon be on the verge of a financial blowout and a plunge in growth, honest Western economists, even of the rabid monetarist stripe, have to admit that the Chinese model of economic development does seem to work. Take the case of Michael Schuman, who penned an article in Bloomberg Business Week, of Jan. 29, under the title “What if China Is Exempt from the Laws of Economics?” . And an eloquent subtitle: “Beijing’s policymakers seem to be doing a lot of things right — and that may upend much of basic economic thinking, especially our faith in the power of free markets.”
The exploratory talks on forming a new German government, which have dragged on for nearly four months now with different actors, are characterized above all by the utter lack of any concept of the future. Such is the assessment given by Helga Zepp-LaRouche in an article written on Jan. 6, 2018 for Neue Solidarität. Meanwhile, a growing number of Germans have come to realize that Angela Merkel really cares very little about the common good. In the latest poll published by DIMAP, she came in only third with a 52% rating, behind the current Foreign Minister Sigmar Gabriel of the SPD, at 62%, and Cem Ozdemir, a leader of the Green Party, at 53%. Of those polled, 67% think that Merkel’s best time as Chancellor is behind her.
On Oct. 18, Chinese President Xi Jinping opened the 19th Congress of the Communist Party of China Jinping by presenting an optimistic view of the future not only for China, but for the world, based on China’s recent achievements and on the course that has been charted for the next 30 years. Pointing to the significance of the Belt and Road Initiative, and the role of science and innovation as the motor of real economic development, Xi emphasized that China is striving for “the common destiny for mankind and enduring peace and stability.”
Dr. Patrick Ho, Deputy Chairman and Secretary General of the China Energy Fund Committee, has proposed a major initiative to identify ways to integrate into the Belt and Road Initiative the reconstruction of the Middle East and North Africa (MENA) region. The proposal, called MERCI (Middle East Reconstruction Initiative) was presented at two major international conferences in early July.
The China-Arab Exchange Association sponsored a forum in Beijing on July 9 on the reconstruction and development of Syria. Such an approach is precisely what EIR and the Schiller Institute have long promoted as the only way to bring the various factions together (excluding terrorists and jihadists) around the perspective of a hopeful future for all, putting aside all partisan and petty power games.
China Investment Magazine, which is supervised by China’s National Development and Reform Commission, ran an article by Schiller Institute founder and president Helga Zepp-LaRouche in its May issue. It was distributed both in Chinese and in English to every participant in the May 14-15 Belt and Road Forum for International Cooperation in Beijing, which Zepp-LaRouche attended and during which she addressed the “think tank exchanges”.