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Chinese Power | GZERO World with Ian Bremmer

Chinese power

Xi Jinping just got a rare third term as the head of China's ruling Communist Party. But having so much power comes with big tradeoffs and implications for China — and the rest of the world.

Zero-COVID is saving Chinese lives, yet killing the Chinese economy. And the West is wary of Xi's increasingly muscular foreign policy.

On GZERO World, Ian Bremmer speaks to Antoine van Agtmael, the investor who coined the term "emerging markets" and knows a thing or two about China. His prediction: that the 21st century will be a Chinese Century, with Washington playing second fiddle to Beijing.

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Podcast: What if China’s power keeps growing?

Listen: As China's leader Xi Jinping begins an unprecedented third term in office, it's fair to ask: how much will China's future affect the whole world? On the GZERO World podcast, Ian Bremmer speaks to global markets expert and investor Antoine van Agtmael, who believes that this will be the "Chinese century."

They discuss the future of globalization and whether the term “emerging markets”— a term coined by Agtmael himself to describe nations transitioning to developed economies – still applies to much of the world. Some of those economies are in decline, but some like China have gone beyond that category. In fact, China is now the second largest economy in the world and is set to surpass the largest, that of the United States.

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NATO Secretary General Jens Stoltenberg, Turkish President Tayyip Erdogan, Finland's President Sauli Niinisto and Sweden's Prime Minister Magdalena Andersson pose after signing a document during a NATO summit in Madrid, Spain.

REUTERS/Violeta Santos Moura

What We're Watching: Turkey backs off, Texas migrant tragedy, bombshell Jan. 6 testimony, Iran woos BRICS

Turkey opens NATO door to Finland and Sweden

The first day of the NATO Summit in Madrid brought concrete results. Turkey, Finland, and Sweden came to an agreement that addresses Ankara’s security concerns and paves the path to Finland and Sweden joining NATO. The Nordics’ joint bid for membership, inspired by Russian aggression in Ukraine, was at the center of the summit’s agenda. Accession demands consensus, and Turkey had raised objections, making security-centric demands from Stockholm and Helsinki that threatened to slow the process. In response, Sweden and Finland have suspended a 2019 arms embargo against Ankara and agreed to cut assistance to the People’s Protection Units, an armed group affiliated with the Kurdistan Worker’s Party, Turkey’s enemy. Some of Ankara’s requests still need to be discussed, but Turkey is walking away from its veto option, swinging the doors open to Finland and Sweden’s membership in NATO. Vladimir Putin, meanwhile, has said the expansion doesn’t threaten Russia but warned that Moscow would respond to any extension of military infrastructure into that region.

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GZERO Media

What We're Watching: G7 summit, SCOTUS gun-rights ruling, Ramaphosa's bad optics

G7 meets as global fault lines deepen

Leaders of the world’s leading industrialized democracies — Canada, France, Germany, Italy, Japan, the UK, and the US — will gather in Bavaria this weekend to discuss ways to shore up support for Ukraine without slipping into a direct conflict between NATO and Russia. China’s “coercive economic practices” will also be on the agenda, according to US officials. With global geopolitical fault lines opening up as a result of Russia’s war in Ukraine, one key G7 guest to watch is Indian Prime Minister Narendra Modi, who will attend just two days after taking part in a pivotal summit of the BRICS, where B(razil), I(India), C(hina) and S(outh Africa) all looked for ways to deepen ties with R(ussia.)

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Annie Gugliotta

BRICS vs. the West

Before the heads of the world's most "advanced" economies meet this weekend in Germany for the annual G7 summit, the leaders of the top five "emerging" ones — Brazil, Russia, India, China, and South Africa, aka BRICS — are holding their own (virtual) summit in Beijing on Thursday.

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China and Latin America must use BRI to deepen cooperation: China Daily contributor

November 17, 2020 11:45 AM

The writer says that for China, Latin America is playing a more fundamental role in industrial and supply chains.

China's Xi Jinping: Protectionism is hurting global trade order

June 28, 2019 11:12 AM

OSAKA (REUTERS) - Chinese President Xi Jinping said on Friday (June 28) that some developed countries are taking protectionist measures that are leading to trade conflicts and economic blockade - calling them the biggest risk of the increase in instability in the global economy.

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