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Alternativen zum US-Dollar?
Dez 29th, 2017 by Gao

Pepe Escobar: China plans to break petrodollar stranglehold (Asia Times)

Petrodollars have dominated the global energy markets for more than 40 years. But now, China is looking to change that by replacing the word dollars for yuan.
Nations, of course, have tried this before since the system was set up by former US Secretary of State Henry Kissinger in tandem with the House of Saud back in 1974
Vast populations across the Middle East and Northern Africa quickly felt the consequences when Iraq’s Saddam Hussein decided to sell oil in euros. Then there was Libya’s Muammar Gaddafi’s pan-African gold dinar blueprint, which failed to create a splash in an oil barrel.
Fast forward 25 years and China is making a move to break the United States petrodollar stranglehold. The plan is to set up oil-futures trading in the yuan, which will be fully convertible into gold on the Shanghai and Hong Kong foreign exchange markets.

(Andere Version dieses Artikels: The Petro-Yuan Bombshell, CounterPunch)

Geostrategisches | Wanderarbeiter
Jun 21st, 2015 by Gao

Rückschlag für US-Dollar als Leitwährung: China zahlt Gazprom künftig in Yuan (RT)

China und die Russische Föderation machen Ernst mit ihrer Ankündigung, bei ihrer Geschäftsabwicklung den US-Dollar so weit wie möglich außen vor zu lassen. Sowohl die Exporte der Gazprom aus der Östlichen Sibirisch–Pazifischen Pipeline nach China als auch das Öl-Geschäft aus der Arktis werden in Zukunft in der Landeswährung Yuan getätigt.

Kenneth Shortgen jun.: There are now two reserve currencies as petro-yuan joins petro-dollar (Examiner)

Ever since Henry Kissinger forged the global petro-dollar agreement with Saudi Arabia and OPEC in 1973, the U.S. currency has remained the singular global reserve for over 40 years. However, on June 9 that sole monetary reign has come to an end as Russian gas giant Gazprom is now officially selling all oil in Chinese Yuan, making the petro-Yuan a joint global reserve, and ending America’s sole control over the world’s reserve currency.

Bart Gruzalski: An Economic Reason for the US vs. China Conflict (CounterPunch)

There are many reasons that the US is pushing on China in the South China Sea. Two articles have been published on Counterpunch in recent weeks exploring “why?” None mention an important economic reason that has, at least in part, motivated the US to go to war and is very much at stake in the growing dispute with China: the value of the dollar.

Steve LeVine: China is building the most extensive global commercial-military empire in history (Quartz)

Much has been made of Beijing’s “resource grab” in Africa and elsewhere, its construction of militarized artificial islands in the South China Sea and, most recently, its new strategy to project naval power broadly in the open seas.
Yet these profiles of an allegedly grasping and treacherous China tend to consider its ambitions in disconnected pieces. What these pieces add up to is a whole latticework of infrastructure materializing around the world. Combined with the ambitious activities of Chinese companies, they are quickly growing into history’s most extensive global commercial empire.

Mel Gurtov: Rules and Rocks: The US-China Standoff Over the South China Sea Islands (Asia-Pacific Journal)

The long-running, multi-party dispute over control of islets in the South China Sea (SCS) is worsening both in rhetoric and provocative activity. Meeting in late May at the Shangri-La Dialogue on regional security, US and Chinese defense officials sparred over responsibility for the increased tension, though they stopped short of issuing threats. In fact, all sides to the dispute say they want to avoid violence, prefer a diplomatic resolution, and support freedom of navigation. Both the US and China insist that the dispute notwithstanding, their relationship overall is positive and enduring. But China, citing its indisputable sovereignty over the SCS, is backing its claim in ways that alarm the US and several Asian governments: construction of an air strip on the Spratly Islands, a land reclamation project that has artificially expanded its claimed territory, and most recently emplacement of two mobile artillery vehicles.
Accompanying these latest Chinese actions are acknowledgments by the foreign ministry of their military purposes. The original explanation of China’s expanding presence on the islands was that they were intended for search-and-rescue operations, environmental protection, and scientific work. Now the explanation is the need to protect Chinese territory. The Pentagon has responded by publicly discussing US options such as flyovers and navigation in Chinese-claimed air and sea space. A US navy surveillance aircraft has already challenged China’s sovereignty claim by overflying Fiery Cross Reef in the Spratlys, prompting a Chinese order (which the aircraft ignored) to leave the area. In the meantime, US military assistance to other claimants, including Vietnam and the Philippines, has enabled their coast guards to at least keep an eye on Chinese activities.

John Bellamy Foster: Marxism, Ecological Civilization, and China (Monthly Review)

China’s leadership has called in recent years for the creation of a new „ecological civilization.“ Some have viewed this as a departure from Marxism and a concession to Western-style „ecological modernization.“ However, embedded in classical Marxism, as represented by the work of Karl Marx and Frederick Engels, was a powerful ecological critique. Marx explicitly defined socialism in terms consistent with the development of an ecological society or civilization — or, in his words, the „rational“ regulation of „the human metabolism with nature.“
In recent decades there has been an enormous growth of interest in Marx’s ecological ideas, first in the West, and more recently in China. This has generated a tradition of thought known as „ecological Marxism.“
This raises three questions: (1) What was the nature of Marx’s ecological critique? (2) How is this related to the idea of ecological civilization now promoted in China? (3) Is China actually moving in the direction of ecological civilization, and what are the difficulties standing in its path in this respect?

Lynette H. Ong: Breaking Beijing? (Foreign Affairs)

Chinese President Xi Jinping is leading one of the most vigorous campaigns against corruption and dissent since the Mao era. In fact, it appears that his campaign has extended as far as Canada; Beijing is attempting to extradite the Vancouver-based businessman Mo Yeung (Michael) Ching for alleged corrupt business dealings in the mid-1990s. Ching is the son of Cheng Weigao, a senior Chinese Communist Party (CCP) official who was charged with corruption in 2003. Some view these campaigns as the key to restoring the CCP’s strength and legitimacy. Others predict that they will be destabilizing because of the scale, opaqueness, and intensity—by attacking both “tigers” and “flies” (that is, high- and low-level officials), Xi is striking at the core of the patronage networks that hold the political system together, weakening the party from within. And by tightening the reins on public discourse through an increasingly centralized censorship apparatus, Xi is further diminishing his party’s legitimacy.

Chasing Shadows: Policing Migrants in Guangzhou’s Urban Villages (Chuang)
Patti Waldmeir: China’s rural migrants: life as a trashpicker in a Shanghai hole (Financial Times)

AP: Chinese women’s rights group collapses under official pressure (Guardian)

Suzanne Sataline: ‘Hong Kong Is Quite Seriously Divided’ (Foreign Policy)

Democracy — even a half-cooked version with Chinese characteristics — will not be coming soon to Hong Kong. On June 18, the city’s legislature, the Legislative Council, vetoed a constitutional amendment that would have let Hong Kong voters cast ballots for their chief executive — albeit for a maximum of 3 candidates, restricted and vetted by Beijing — in 2017.

Jonathan Mirsky: China’s Panchen fires a surprise ‚poisoned dart‘ at Beijing (Nikkei Asian Review)

China’s 11th Panchen Lama, Tibet’s second-highest religious leader, „discovered“ and installed by Beijing, recently expressed alarm that Buddhism in Tibet may soon exist in name only because of a shortage of monks — the implication being that the shortage was due to Chinese policy. Will this unexpected criticism be seen as a „poisoned arrow“ by the Chinese Communist Party, like the one for which his predecessor, the 10th Panchen Lama, was punished in the 1960s? And if so, will he, also, face punishment?

David Dawson: No, that trite folklore isn’t Chinese (World of Chinese)

Ignorance of other cultures can be a marvelous thing sometimes. It allows you to attribute whatever you want to that culture, and come off sounding wise.
Chinese wisdom is a popular target here. How many hokey bits of wisdom have been attributed to ancient Chinese philosophers? After all, sometimes it’s pretty easy to confuse them for pop culture pap.

Zhou Dongxu: China Prepares ‚Traditional Culture‘ Textbooks for Its Officials (Caixin)

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