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47 sats \ 0 replies \ @Solomonsatoshi 21 Aug \ parent \ on: China Escalates Trade Tensions with EU over Dairy Imports news
Exactly! And China knows it dominates most markets for most commodities and manufactured goods and knows how to use that domination to its advantage. Peter Hesslers book 'Country Driving' explains this very well- it is something most westerners simply do not realised yet but the reality is there is no country anywhere world wide that is not now reliant upon China to an extent that to stop trading with China would have a significant negative effect on their economy.
This positions China to claim global dominance in trade and the institutional regulatory and trade settlements protocols. China is building its alternatives to the World Bank and SWIFT and USD and rolling them out as the Wests legacy hegemony that delivered The Opium Wars, is like a frog slowly being cooked.