OP-ED: The real meaning behind the clash of the world’s two superpowers By Paul Zilungiale Tembe and Jeffrey Sehume
On the announcement of a trade deal between Presidents Xi Jinping and Donald Trump, Wall Street stocks jumped up and shares in the Hong Kong Hang Seng Index produced positive gains. However, this bonhomie, while welcomed by the rest of the world’s markets, will not last forever.
While America has self-appointed itself the role of imposing the market economy and liberal democracy, by martial might or economic sanctions, on other countries, on the other hand, China prioritises respecting other countries’ sovereignty and winning over, allies and foes, through mutual benefit co-operation.
It is simplistic to argue the Sino-America trade war boils down to firstly, China allegedly extorting US technology, and secondly, using cyber technology to steal American technology for benefit of its own companies as the arrest and threatened deportation, of Huawei’s chief financial officer, Men Wanzhou, indicates.
America’s perspective then, is linear and short-termist, used ultimately for imperial economic gain , without calculating the negative geostrategic effects of the removal of Maduro. At the risk of being accused of being panda huggers or China admirers, there are obvious lessons here for Africa and South Africa.
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