Economic expert Abdel Hafez Al-Sawy confirmed that the message of the G7 summit reached China, that it is a welcome country as the world’s factory, but according to international controls and requirements in global trade.
Al-Sawy added in his speech to an episode of “The Opposite Direction” (15/6/2021) that it cannot be said that the West fears China as a colonial power, due to the existence of mutual interests between the two parties, but given China’s approach with developing countries, the Chinese policy can be called the colonial approach. For not providing any aid without conditions affecting the sovereignty of states.
Haidar added that the fear of China comes through its superiority in the field of unknown military armament and its control over about 40% of the world’s income, noting that the Chinese invasion of the world is not similar to the American invasion represented by the tank, but rather with industry and technology, and this constitutes the greatest danger to influence. American.
Haidar spoke about the decline in the image of the United States in the minds of the world after the losses suffered by its allies in the world, referring to the defeat of the “Israeli Iron Dome”, which he described with pride in the American arms industry, and its failure to confront the missiles of the Palestinian resistance, as well as the failure of the American military machine in Saudi Arabia. Confronting the Houthi group in Yemen.
Although Abdel Hafez Al-Sawy confirmed that the United States is still the world leader in most areas, and denied in official figures that China controls 40% of global income, he said that Beijing tried to take advantage of the approach of former US President Donald Trump, which caused a rift. In the relationship between the United States and Europe, he adopted an economic policy that led to the exclusion of many of America’s allies, but he stressed that the situation changed after President Joe Biden’s arrival at the White House, as he deliberately returned things to the way they were with European allies and with Western countries and confronting Chinese influence.
He added that China – after Biden’s strategy and the seven countries – will return to its old role as a factory for the world, and according to reports and indicators, scientific progress will remain for the West, and China will not reach it due to its lack of spending on scientific research.
But Muhammad Haidar confirmed that America’s entry after the events of September 11, 2011 in the so-called war on terrorism gave China a golden opportunity to control the global economy, and it began reforming the economic system from within and working to export that externally, which enabled it to be the first economic power in the world. the world.