CSGEF Managing Director, Mahmood Sharif Mahmood.
Jamil Khan, Senior Reporter
Given the United States’ seemingly long-term China containment policy, the Global China 2049 Initiative presents challenges rather than opportunities to the US, a paper published by the Centre for the Study of Global Economic Future (CSGEF) has claimed. The paper, Global China 2049 Initiative: Challenges and Opportunities for the US, has been produced by CSGEF Non-Resident Fellow Prof. Yana Leksyutina as part of its Future of Economic Powers & Geoeconomics (EP&G) Programme.
Prof. Leksyutina highlights a set of state-led strategies and policies aimed at building China into a global economic, manufacturing, innovation, and financial powerhouse.
“President Biden has referred to China as “our most serious competitor” and called on allies and partners to “prepare together for long-term strategic competition with China,” writes Prof. Yana Leksyutina. According to her, given Washington’s seemingly long-term containment policy toward China, the Global China 2049 Initiative presents significant challenges rather than opportunities to the US. Prof. Leksyutina is a professor at the School of International Relations, Saint Petersburg State University, Russia.
CSGEF Managing Director, Mahmood Sharif Mahmood, emphasised the need to study the various dimensions of the geoeconomics trends taking shape worldwide, especially in the context of the US-China competition. “From a research center perspective, it has been fascinating watching the geoeconomics circumstances unfold.”
Sultan Bin Saeed Al Mansouri, Minister of Economy, stated that China is the UAE’s leading trade partner in terms of non-oil commodities, accounting for 9.7 per cent of its total non-oil trade in 2018, valued at over $43 billion.
Dubai-based global developer Emaar will jointly implement with Beijing Daxing International Airport an Dhs40.5 billion (US$11 billion) project including the five square kilometre land area of the 50 sq. km airport.
The Pavilion reflects the vision of the UAE’s wise leadership to develop and enhance the sector, which transformed the desert into a series of green oases, following clear strategies and initiatives, and drawing on the latest and most advanced agricultural technologies.
The logistics industry in the UAE is in for big growth with more logistics parks coming up in Dubai and Abu Dhabi and Chinese companies are set to invest more than $4 billion (Dhs14.68 billion) in logistics projects in Dubai and Abu Dhabi,
Dubai’s non-oil external trade surged 31 per cent in the first half of 2021 to reach Dhs 722.3 billion from Dhs 550.6 billion in the corresponding period in 2020.
As Expo 2020 Dubai eagerly waits to bring together the world under the common banner of “Connecting Minds, Creating the Future”, the Philippine Department of Trade and Industry (PDTI)
Expo 2020 Dubai is unveiling the inspiring visitor experience for Mission Possible — The Opportunity Pavilion, an interactive exhibition journey that addresses