I always doubt headlines with % in and no numbers
Bilateral trade is on track to reach $200 billion
That’s not a lot.
True, although just having that number is also not that relevant, since this probably will take the effect of an exponential function and the numbers will likely increase rapidly until getting to a certain top. $200 billion might not be much but as the first point in a function of such rapid growth it is relevant.
Another relevant thing to keep in mind is that the more relevant part is that Russia is finding the customers it lost when it left the EU. India, China and other countries are filling that gap which means they can keep selling their goods, and this is not good for the EU because forcibly the prices of such goods will be more expensive now.
That’s one way to spin losing access to the two largest, richest markets in the world. It did not end up well for them the last time the iron curtains were drawn
I’m not sure being dependent on China is good for Russia either They’re basically now just the mining and resource supplier with no competition to up whatever price China wants to pay them.
True, but the last time the Gobal North had a lot more power in terms of geopolitics, now it’s not so much them losing access to the largest richest markets but rather the richest markets isolating themselves more and more from the rest of the world. Who do you think South America or West Asia is going to choose if they have to between US/Europe and China/Russia? Also a couple of years in the past there wasn’t such a strong competitor as China is now to the US, the USSR always was almost half the GDP behind the US, while now China is barely behind and even surpasses it in the average GDP, without taking into account the growth of countries like India or Brazil.
And I don’t think China will go that route either, if we are to judge with recent policies taken with other countries they will probably help Russia growth since they are still pretty much behind them and have a ton of non extracted resources, and simply by the political system both countries have it’s impossible for China to surpass Russia since capitalism isn’t as efficient; the only reason why the US and other European countries have so much wealth is because of the historical imperialistic and colonial policies, while China achieved all that simply through centralised planning.
and simply by the political system both countries have it’s impossible for China to surpass Russia since capitalism isn’t as efficient;
China has already surpassed Russia in pretty much all measures inc:
China GDP 17T Russia GDP 1.7T
https://data.worldbank.org/?locations=CN-RU
the only reason why the US and other European countries have so much wealth is because of the historical imperialistic and colonial policies, while China achieved all that simply through centralised planning
They also killed millions with central planning,
https://en.wikipedia.org/wiki/Great_Chinese_Famine
and have now become a market autocracy, not communist.
China is an old country, they’ve had plenty of imperialistic and colonial habits and still do, have you heard of the Hui?
https://thediplomat.com/2021/06/chinas-repression-of-the-hui-a-slow-boil/
China has already surpassed Russia in pretty much all measures inc:
Precisely what I’ve meant, maybe I’ve worded it poorly. Russia cannot surpass China even with China’s help simply because of capitalism’s own limitations.
They also killed millions with central planning,
To believe that a country in such a destroyed condition which had just made the transition from feudalism to socialism had the fault for this catastrophe is to be blind to history. Europe has had a lot of famines through its history, China had just been through multiple wars and already was a poor country.
and have now become a market autocracy, not communist.
It’s normal to confuse between the two, don’t worry, I’d highly recommend you to read Mao Zedong or Deng Xiaoping to understand a bit better the nuances of the role of the market in a socialist society, and how it differs from that in a capitalist society. I pray so that your country can also be free from the torturous chains of the bourgeoisie.
The major contributing factors in the famine were the policies of the Great Leap Forward (1958 to 1962) and people’s communes, launched by Chairman of the Chinese Communist Party Mao Zedong, such as inefficient distribution of food within the nation’s planned economy; requiring the use of poor agricultural techniques; the Four Pests campaign that reduced sparrow populations (which disrupted the ecosystem); over-reporting of grain production; and ordering millions of farmers to switch to iron and steel production
Central planning literally made it worse.
And locking up political enemies is pretty authoritarian…
Authorities often label independent or investigative coverage as “fake news”.[2] Since Xi Jinping became the general secretary of the Chinese Communist Party (CCP) in 2012, various commentators, protesters, feminists, lawyers, journalists, and activists have been arrested, detained, jailed, and threatened for attempting to exercise press freedom.[3][4] As of 2023, Reporters Without Borders called China “the world’s largest jailer of journalists.”[
https://en.m.wikipedia.org/wiki/Freedom_of_the_press_in_China
And locking up political enemies is pretty authoritarian…
Isn’t your shithole country torturing Assange right now for exposing US war crimes?
