China had too much for its internal good. Both forex-reserves and industrial capacities. To reduce the former in this time of record low interest rates, ‘China Inc.’ has bought up Western companies at record rates. The latter stood at the outset of the gigantic project ‘New Silk Road’, also called OBOR (One Belt, One Road)…
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US recognition of Jerusalem as Israel’s capital
[ ... ]Strategic consequences of US recognition of Jerusalem as Israel’s capital: Iran is gaining in the regional power equation. The US President’s decision to recognize Jerusalem as Israel’s capital breaks with a decade-old position of US presidents not to adhere to Israel’s most fundamental claim. The decision has triggered wide-spread opposition in the Muslim world and…