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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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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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China Will Be Exactly The Same With Xi Securing His Third Term | World In :60 | GZERO Media

Under Xi's third term, China will stay exactly the same

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

Will China become more assertive with Xi securing his third term?

I don't think so. I think it's going to be pretty much exactly the same. Okay everyone's going to be watching whether you get technocrats in key economic positions or not. If you do, they're going to say, "Oh, it's going to be more balanced." If you don't, they're going to say, "Xi's going to crack down." In reality, he's in charge and he's been in charge and he is going to be in charge. And that really means driving a more domestically focused economy with more local supply chain, more focused on local consumption, and more state capitalism probably means a little bit less productivity and efficiency as well. Plus zero-COVID keeps going, so I don't think it changes that much.

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