Eurasia News

  With growing signs of China’s gigantic economic bubble burst, the U.S.-led liberal democratic world is taking breath since it sees China would be unable to keep the dynamic economic powerhouse that has enabled unparalleled arms buildups, aggressive military policy, and coercive diplomacy for the last two decades. Evidently, the Chinese economy is undergoing a sharp decline of consumption, foreign trade, and investment, complicated by anti-market laws and its arbitrary enforcement, as typified by the new Counter-espionage Law. The current circumstances present acute economic aggravation, unemployment and other socio-economic problems. This is ascribable to the policy actions and inactions under the Xi Jinping dictatorship, not directly to the internal systemic dynamics shaped by the interplay of demographic and other endogenous factors[ 2 ].   1.  China repeated a NEP T o grasp the nature of these developments, it is critically important to put them in the context of the start and end

  T he last period has seen some new activity, not necessarily for the better. Now there is threatened an escalation between the two main protagonists, Israel and Iran. Going back about 3 weeks, Israel was at a pause point, brought about by its targeting aid trucks and openly killing 7 aid workers, including 3 British acting for protection and 1 American. This brought a storm of protest from western allies, and Israel was advised very strongly not to pursue its plans to attack Rafah in an attempt to clear out the thugs of Hamas. This action would not receive whole-hearted backing.  PM  Benjamin Netanyahu  faced a quandary. The US and western allies sent a forceful message that they would not condone a heavy-handed entry into Rafah with many civilian casualties as witnessed in previous actions in Gaza . Israel was losing the high moral ground. To regain this they had to provoke the opposition, led by Iran, to take some action against Israel which would concern the west. Consequently, th