Showing posts with label Shanghai. Show all posts
Showing posts with label Shanghai. Show all posts

Friday, 5 September 2025

China wants to become the leading nation in international affairs

 

The Summit of Tianjin and the Shifting Global Order

Victor Ângelo’s article, "The reform of the world order is greater than China," published today 05/09/2025 in Lisbon's Diário de Notícias, analyses the Tianjin Summit of the Shanghai Cooperation Organisation (SCO), positioning it as a pivotal event in the geopolitical landscape. The author highlights a photograph of Xi Jinping and Vladimir Putin with Narendra Modi in the background, seeing it as a powerful symbol of a new international order. In this image, Xi is the dominant figure, while Putin is less prominent and Modi represents India's growing importance. The summit's location in Tianjin, a port city, also underscores the Chinese leadership's focus on international trade.


Xi Jinping's Ambitions vs. the Role of the UN

Ângelo argues that Xi Jinping's "Global Governance Initiative," announced at the summit, is an attempt to position China's global policy as an alternative to the Western model. However, the author questions the sincerity of this proposal, suggesting that if China genuinely supported multilateralism, it would have prioritised the reform of the United Nations (UN) under António Guterres. The article expresses concern that Guterres was present at the summit and applauded an initiative that could threaten the UN's relevance.


Geopolitical Tensions and India's Strategic Role

The summit is portrayed as a gathering of nations that oppose the established international order, largely in response to Donald Trump's "America First" policy. The author notes that Trump's approach ironically brought China and Russia closer and pushed India into their orbit. The article also points out Modi's clever political strategy: while attending the summit to strengthen ties with China and Russia, he first stopped in Japan to sign cooperation agreements. This, according to Ângelo, shows that Modi "knows how to play on multiple boards" and that the future of the world is being shaped in Asia, by Asia, and for all of Asia.

Monday, 6 July 2015

The risks of a political earthquake in Shanghai

The Shanghai Stock Exchange lost more than 25% of its value in the last three weeks. This is a major shock. If this trend continues the situation will develop into mass panic – many very small investors had borrowed money in the recent past to invest in the Shanghai bourse. It is therefore a major political issue for the authorities in Beijing. They have shown signs of serious concern. Action will be taken in the next few days, for sure. We should observe with great attention the measures they will put in place to respond to the matter.