The New World Order - A great reshuffle started in 2022 to disrupt the existing World Order!
#chinasnewnormal #newworld #newworldorder

TIMESTAMPS
00:00 The reshuffling of the new world order. This worry started in 2022 due to Putin and Xi’s new narrative. But it isn’t new. Already in 1974, the New International economic order has been proposed at the U.N. The Global South wants a multipolar world.
03:40 The Global South started to create new partnerships with BRICS and BRI.
05:19 America is still defining world order through their dominance in trade agreements, military, finance and technology. But four new paradigm shifts have started to change the world order in all these categories.
09:00 TRADE: The world wants to decouple, but the Southern hemisphere wants to globalize and couple with each other instead, especially as no country can remain self-sufficient. China now does more trade with Global South than with the Global North.
14:11 SECURITY: The world currently is kept at peace due to US-led military investment and agenda. But the Global South does not feel that that peace was so beneficial to them as it was to the Global North. The new paradigm shift is the cooperation between non-western countries in organizations like the Shanghai Cooperation Organization or by gaining interest in China’s Global Security initiative which is more driven by coexistence and economy than interventions.
20:39 FINANCE: The USD is the main currency for trade and FX reserves and will remain for a long time like that. But there are new challengers to de-dollarise such as petro-deals between Gulf countries and China or Russia and other countries. There is an initiative to create a new currency connected to the BRICS countries + 14 new potential members from the Global South. Then there is also the Central Bank Digital Currency that is potentially going to disrupt the dollar preference when it comes to trade.
29:42 TECHNOLOGY: The chip and high-tech war between China and US is a clear new cold war. Export bans, blacklists and unfair competition is driving the agenda of US to counter China in its innovation development. China will counter this with flooding the market with 28nm and higher nm chips to the world at bottom prices just like they did with Solar or Aluminum. The target markets for China will be Global South and specifically Africa will be all about creating tech hubs made by China to trade for natural resources. China will give the fishing gear to Africa to learn how to fish more from the future sea of wealth.

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