“New World Order” backfires on China and Russia amid economic disruption

In February last year, China and Russia declared they would work with other countries to “promote genuine democracy.”

U.S. and European officials say that China and Russia declared that they would counter American-led ideology and institutions, building a new world order in which autocracies are unchallenged.

Beijing and Moscow touted a new world order, but things appear to be unraveling fast for their economies. Exports, manufacturing activity, and property prices are sliding in China.

China has decided to stop reporting the country’s rising youth unemployment rate, while a worsening debt crisis and deflationary crisis threaten growth.

A collapse in commodity-based export revenues and extensive military spending have also weighed on sanctioned Russia, which just saw the ruble fall past the level of 100 to the dollar after tumbling 37%.

As many Western companies have already pulled out of Russia, or are attempting to do so, investors are keeping a closer eye on the impacts of multinationals operating in China.

While there is always a chance of a positive breakthrough in U.S.-Chinese relations that will lift Chinese stocks. Said SA Investing Group Leader.

John R. Bolton, the national security adviser under President Donald J. Trump, said that the partnership “will last” because the two countries’ interests are mutually complementary for the foreseeable future.

This month, the United States released an Indo-Pacific strategy paper that said it would promote democratic institutions among partner nations and help them “deploy advanced war-fighting capabilities,” such as helping Australia build nuclear-powered submarines.

Revelations 11:18 And the nations were angry, and thy wrath is come, and the time of the dead, that they should be judged, and that thou shouldest give reward unto thy servants the prophets, and to the saints, and them that fear thy name, small and great; and shouldest destroy them which destroy the earth.

James 1:1 From whence come wars and fightings among you? come they not hence, even of your lusts that war in your members?

James 1:2 Ye lust, and have not: ye kill, and desire to have, and cannot obtain: ye fight and war, yet ye have not, because ye ask not.

Luke 21:9 But when ye shall hear of wars and commotions, be not terrified: for these things must first come to pass; but the end is not by and by.

Luke 21:11 And great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.

Luke 21:25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring;

Luke 21:28 And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.

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