Disclaimer: The views presented within this article comes from the author and should not be associated with his affiliations in the past, present, or the future.
China's growing influence in world politics has started troubling countries, which previously had a wider influence in world politics. The inclination of many countries in Asia and Africa towards China is supporting claims of the growing influence of China in the world. China has not only been producing goods and services at a cheaper rate, but it also is producing brainpower. The brainpower of China has started ruling almost every field in almost every country.
The country, which earlier had a poor economic status and degrading human development index, has seen a tremendous change in its status after communism flourished in its internal politics. The pandemic resulted in a downfall of almost all major economies, leaving the Chinese economy if undocumented facts are to be studied. Speculations on Chinese influence on spreading the pandemic are at its peak in the western world and its allies. The inclination of going against the Chinese principle of growth is rising among western countries.
Donald Trump, former president of the US tried his best to bring back Americans companies from China. He tried every possible step to defeat growing Chinese influence and succeeded in some way. However, it is the aging population of China and the increased cost of human labor in China (which previously used to be USP for China) are assumed to be the major factor of Trump's success. A significant negative effect on the Chinese economy is not yet seen even after crucial steps taken by Trump's Administration.
China used to be highly dependent on recyclable materials and the international market for its trade up till previous decades. The US gave a significant part of its market to China previously, selling its bonds to China. China, if wanted a major market, had to buy US Government bonds for continuing its economic growth. US has continuously been troubling China, talking about printing its currency for paying the debt, which will result in deflating USD. This move will surely erode the Chinese economy. However, the US is now trapped in its own plan, and can't deflate its currency to attack China, as this will lead to turning much of its international investment into nothing more than a piece of paper. Countries like India, China, and Japan will highly profit from the current deflation of the USD. These countries have received huge investments from US businesses. This has now ruined the plans of the US to control the growing influence of China in the world economy and politics.
The US with the help of major western economies is now trying its best to control Chinese influence at any cost. The Americans see the recent session at the G7 as being about challenging the rise of Chinese influence around the world. Beijing's Belt-and-Road initiative, which has seen billions of dollars poured into developing countries, must be countered by the Western democracies. Senior administration officials want to prove that Western values can prevail. They argue that Chinese investment has come with too high a price tag; that the forced labor of the Uyghur minority in Xinjiang is morally egregious and economically unacceptable as it prevents fair competition.
Global supply chains, Joe Biden insists, must be free of this kind of labor. US officials say this is not just about confronting China, but about presenting a positive alternative for the world. But the Biden administration has been vague about how much the West would contribute to this global infrastructure plan and over what timescale. What is clear is a renewed determination among Western powers that they need to act now to counter a resurgent and increasingly powerful China.
Earlier this year, the US, the European Union, the UK, and Canada introduced coordinated sanctions on China. The sanctions, including travel bans and asset freezes, targeted senior officials in Xinjiang who have been accused of serious human rights violations against Uyghur Muslims. More than a million Uyghurs and other minorities are estimated to have been detained in camps in the north-western province. The Chinese government has been accused of carrying out forced sterilizations on Uyghur women and separating children from their families.
The recent G7 meet is termed to be a platform for western countries to confront China at any cost. However, China is totally unconcerned about its happening citing the creation of opportunities it has brought for its people within the country. China has developed everything it requires when the western world was collecting debt in bonds to excel the growth of its economy. China has warned the G7 leaders that the days when a "small" group of countries decided the fate of the world were long gone. The comments, by a spokesman for the Chinese embassy in London, come as the leaders, who are meeting in England, seek a unified position over China.
G7 is planning to adopt a spending plan in response to a massive Chinese scheme; this is already clear from countless support, western countries have been providing to developing countries as humanitarian aid. US President Joe Biden as Trump's administration is determined that Western powers need to act now to counter a resurgent China. G7 leaders have issued a closing declaration promising more financial support for developing countries hit by the climate crisis, and funds for infrastructure projects in the developing world, an alternative to a Chinese program.
President Biden said he wanted the US-backed Build Back Better World (B3W) plan to be a higher-quality alternative to Beijing's Belt and Road Initiative (BRI). The scheme has helped finance trains, roads, and ports in many countries, but has been criticized for saddling some with debt.
Whether western politics still remains a major controller of world politics will be decided by time. It is now difficult to control the Chinese influence citing its independent economy. The reason which has pushed the US and its allies, attract neighboring economies of China. China too is trying its best to control its neighbors. The inclination of India towards the US and loosening control over Nepal and other countries in SAARC and BIMSTEC is hurting China. Indian influence in SAARC and BIMSTEC is in a way supporting Westerners' plan. However, India too needs to have a balanced approach with its major neighbor.
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