The global system is creaking under the weight of a rising China
The international rules-based order defines China as a developing country. That fiction is hard to sustain and could hobble the likes of COP and the WTO.
Sharm el-Sheikh, Egypt | There was a mind-numbing amount of speechifying during the late-night sessions of the COP27 climate summit’s final days, as 190-plus nations worked to land a deal. But among the most potentially significant might be a fleeting statement from China’s climate envoy Xie Zhenhua.
It was a cursory two-minute intervention, and he did not seem to say much. It sounded like a standard helping of diplomatic word salad, served lukewarm.
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Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.
