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ID:
145200
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Summary/Abstract |
Against an international backdrop of slowing global trade and the rise of the service industry over manufacturing, the Chinese economic model is approaching exhaustion. China is struggling to confront over-indebtedness, excess production capacity, declining competitiveness, unfavourable demographics and the flight of capital. In response, the Chinese government is adopting a change in geo-economic strategy, based on two major initiatives: a transformation of its domestic financial system, and the ‘One Belt, One Road’ (OBOR) project. The success of these initiatives will be vital to China’s economic development, political and social stability, and geopolitical emergence.
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2 |
ID:
193445
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Summary/Abstract |
Indo-Pacific region has become a scene of Great Game by major Global Powers –China, USA, West European states, and Japan resulting in political rivalry. While China wants to asser t its geopolitical interest, Western powers want to contain China. Japan has adopted policy of geo-economic strategy to support the ASEAN countries and to strengthen Balance of Power policy of the West.
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3 |
ID:
186735
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Summary/Abstract |
Russia is in turmoil facing political isolation and economic sanctions imposed by the Western Powers due to its persisting war in Ukraine. Hence in lieu of conclusion it may be stated that notwithstanding multiple challenges, the leadership of Russia seems to be confident and hopeful to intensify geo-political and geo-economic ties with African countries.
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