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How China is Overtaking the US as Top World Power (According to an Investor) | GZERO World

How China is overtaking the US as top world power (according to an  investor)

The 21st century kicked off with a more open China, hungry for foreign investment in the heyday of globalization. Things have changed since.

For emerging markets investor Antoine van Agtmael, China has become "much more closed, and [...] developed to have a real sense of itself as a world power." Meanwhile, the US has become more defensive about its global superpower status.

That means we're moving from the American century to the Chinese century, he tells Ian Bremmer on GZERO World.

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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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Xi Jinping, the All-Powerful | GZERO World

Xi Jinping tightens his grip on China

Who's the most powerful person on the planet right now? Xi Jinping, who just got a third term as boss of China's ruling Communist Party and got all his loyalists appointed to the CCP's top decision-making body.

But having so much power comes with big tradeoffs.

Zero-COVID is devastating the Chinese economy. And Xi is feeling the heat from his increasingly muscular foreign policy.

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China's Chilling Future | Quick Take | GZERO Media

Xi Jinping shaping China's chilling future

Ian Bremmer's Quick Take: Hi everybody. Ian Bremmer here. A Quick Take to kick off your week. All sorts of things going on, but I want to focus on China because that is the most world-changing of the issues that are on our plate right now. Xi Jinping, breaking through term limits, securing for himself, not surprisingly, a third term as General Secretary of the Chinese Communist Party. He is today, without question, the most powerful human being on the planet. And that should concern us in the sense that the system is incredibly opaque.

There are increasingly not effective checks and balances on his authority. It is also not aligned with the future that so many in the world are hoping for when it comes to the way that political and economic systems should function - rule of law, transparency, human rights. And I'm not suggesting that the United States has always been a shining example of all of those things, but certainly, you don't have the level of concentration of power in the US or any democracy that you presently have in authoritarian regimes, and particularly right now in China.

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How Close Are We To A 2nd Cuban Missile Crisis? | World In :60 | GZERO Media

How close are we to a second Cuban Missile Crisis?

Ian Bremmer shares his insights on global politics this week on World In 60 Seconds.

Will China's Communist Party Congress be a game changer?

I wouldn't call it a game changer, but I think there are a lot of people out there that are hoping that there's going to be loosening of the zero-COVID policy. They're hoping that there's going to be more of an opening in terms of state control of financial institutions and technology, sort of state-owned enterprises after Xi Jinping gets his third term. I see no reason to believe that. If anything, there's more consolidation of power. There are more loyalists around him and top party positions, and as a consequence, he can do more of what he wants, which is what we've been seeing over the last few years. So I think it's actually going to be a lot more consistency as opposed to a game changer, but that's my view.

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From left to right, Lega leader Matteo Salvini, Forza Italia leader Silvio Berlusconi, and Brothers of Italy leader Giorgia Meloni during a campaign rally in Rome.

REUTERS/Yara Nardi

What We're Watching: Italian election, Chinese anti-corruption drive, Lebanese bank shutdown

Italy votes!

Italians head to the polls on Sunday and are likely to elect Italy’s first far-right leader since World War II. Giorgia Meloni, 47, who heads the Brothers of Italy Party (which has neofascist roots) is slated to become Italy’s next PM. Polls indicate Brothers will win about a quarter of the vote, while her three-party coalition, including Matteo Salvini’s far-right Lega Party and Berlusconi’s Forza Italia, is projected to secure around 45%. Four years ago, Brothers – established in 2012 – reaped just 4% of the vote, but it has benefited recently from the left’s implosion as well as Meloni’s refusal to back the centrist Draghi government, which collapsed this summer, making her the most formidable opposition figure (Salvini and Berlusconi backed Draghi). Italy has convoluted voting rules but will be voting on 400 seats in the Chamber of Deputies (lower house) and 200 seats in the Senate – the winning coalition needs a majority in both. Meloni aims to dilute the EU’s power over Italian affairs, though she believes Rome must preserve close ties with Brussels, and she supports EU and NATO efforts to contain Russian aggression. Read this primer to learn more about what Meloni does – and doesn’t – stand for.

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People perform on the stage during the Great Conquest to celebrate the 100-year of the Chinese Communist Part at National Stadium, known as Birds' Nest in Beijing on June 29, 2021.

REUTERS/Yomiuri Shimbun

Can China's communists rule for another 100 years?

Beijing is organizing a big celebration to commemorate the 100th birthday of the Chinese Communist Party, which has ruled the world's most populous country since 1949. Ahead of a much-hyped speech to be delivered to a large audience by leader Xi Jinping on Thursday in Beijing, the party has been conducting a wide-ranging campaign to raise public awareness of its 100-year history. Beijing has ordered officials across the country to make sure nothing mars this week's events.

We spoke to Neil Thomas, a China analyst at Eurasia Group, to better understand the importance of this anniversary for China's leadership.

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Meet the party that runs China

July 1st is the 100th anniversary of the Chinese Communist Party, which dominates politics in the world's most populous country. You have probably read, or will read this week, a barrage of media coverage about the CCP's history, how it has changed under General-Secretary Xi Jinping, or what are its future plans for China. But today — and with some help by Eurasia Group expert Neil Thomas — we'll answer more basic questions about the famously opaque party.

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