12/17/2023 0 Comments Australia lockdown new world orderis the top investment destination for Chinese companies on a cumulative basis, according to the latest analysis of Chinese outbound investment from the American Enterprise Institute. This reorientation emerges in the pattern of Chinese overseas investment: The U.S. His Belt and Road Initiative (BRI), ostensibly a development program to build infrastructure in needy nations, is in reality designed to promote Chinese political and business influence in emerging countries and bind them to China through trade, finance, and technology. and its allies, stressing a “self-sufficiency” campaign to ensure that China controls the production of items key to the economy by securing supply chains and replacing imports with homegrown alternatives, including microchips and jumbo jets. He has taken steps to decrease his country’s reliance on (and thus vulnerabilities to) the U.S. as China’s chief strategic and economic adversary, and the U.S.-led global system as a constraint on Chinese power. With a newly aggressive foreign policy, Xi has apparently come to see the U.S. In recent years, Chinese President Xi Jinping has set in motion policies aimed at creating a new Pax Sinica-an altered world order built by Beijing. As the Russian invasion continues, and China sticks to its zero-COVID strategy, the likelihood of these tensions solidifying competing blocs is only increasing.Ĭ hina’s leaders have already been unwinding their ties to the world. And now diplomatic fallout from the Ukraine crisis is ricocheting around the world in unanticipated ways, while the strain of the lengthening coronavirus ordeal has the potential to alter the international economic map. and China, combined with Beijing’s heightened strategic and economic ambitions, have already ushered in renewed great-power competition and an ideological struggle between liberal and illiberal global norms. China’s capitalist revolution raised hopes that even that Communist giant would become too immersed in the democracy-led global system to turn against it.Īs the 21st century has worn on, however, only those with rose-tinted glasses can still foresee this future, as political confrontation, economic nationalism, and cultural nativism resurface. With the disintegration of the Soviet Union three decades ago, globalization seemed to be knitting all types of countries and societies into one prosperous order, bound together by trade, the internet, and, to a greater and greater degree, shared political and economic ideals. The world was not supposed to turn out that way. Yet both are accelerating a shift that is taking the world in a dangerous direction, splitting it into two spheres, one centered on Washington, D.C., the other on Beijing. Four new deaths were confirmed in NSW on Friday, taking the total to 65 in the latest outbreak.Įven so, high vaccination levels among Australia's most vulnerable mean the mortality rate is 0.54%, official data shows, below previous outbreaks.ĭespite a third wave of infections from the Delta variant, Australia's COVID-19 numbers are relatively low, with some 42,100 cases and 975 deaths.T he Russian invasion of Ukraine and a series of COVID-related shutdowns in China do not, on the surface, appear to have much in common. "What that demonstrates is the level of anxiety, increasing levels of anger in the community, and of course stress and pressure," Lifeline Australia Chair John Brogden told broadcaster ABC on Friday.Īustralia has recorded just shy of 12,000 infections since the first Delta case was reported in Sydney on June 16. Suicide prevention helpline Lifeline Australia said there had been a 40% rise in calls in recent days compared with pre-pandemic times. We did," Victoria state Premier Daniel Andrews told reporters in Melbourne.Īustralia's capital Canberra is also in lockdown, with 16 cases recorded in the past 24 hours out of a population of around 430,000, authorities said. It's not because we didn't lock down fast enough. "We are right on the edge of this getting away from us and it's not because contact tracing aren't doing everything they can. Australia's Victoria state recorded 55 new locally acquired COVID-19 cases and warned it was at risk of being swamped by infections.
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