Another very timely and interesting article by William Engdahl. I quote:
On November 29, 2014, a little-noted but highly significant meeting took place in Beijing as Washington was absorbed with its various attempts to cripple and ultimately destabilize Putin’s Russia. They held what was termed The Central Conference on Work Relating to Foreign Affairs. Xi Jinping, Chinese President and Chairman of the Central Military Commission, delivered what was called “An Important Address” there.
A careful reading of the official Foreign Ministry statement on the meeting confirms it was indeed “important.” The central leadership of China has now made official a strategic global shift in geopolitical priorities in Chinese foreign policy.
No longer does China regard its relationship with the United States or even the EU as of highest priority. Rather they have defined a new grouping of priority countries in their carefully-deliberated geopolitical map.
It includes Russia, as well as the entire BRICS’ rapidly-developing economies; it includes China’s Asian neighbors as well as Africa and other developing countries.
To give a perspective, as recently as 2012 China’s foreign priorities in the world, including China); Multilateral Organizations (UN, APEC, ASEAN, IMF, World Bank etc.), and public diplomacy which determines which situations to become engaged in around the world.
Clearly China has decided those priorities no longer work to her advantage. Policy priorities were described in a general framework: Great Powers (principally the USA, EU, Japan, and Russia); Periphery (all countries bordering China); Developing Countries (all lower income countries)…
… But perhaps most significant, in recent months, China has boldly moved an agenda to build alternative institutions to the US-controlled IMF and World Bank, a potentially devastating blow to US economic power if it succeeds.
End of quote. I commend the article to you.