Wolf warriors lose the world

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More great news today as overreaching Chinese wolf warriors lose the world. Leading us off is the Biden administration has called for a new independent inquiry into the origins of COVID:

  • It is not clear whether COVID originated from animals of a lab accident.
  • US intelligence will compile a report over the next 90 days.

One wonders what President Biden intends to do with it. Nothing good for China, if Kurt Campbell is any guide:

  • Biden’s Indo-Pacfic tsar declared the era of China “engagement” over.
  • “the dominant paradigm is going to be competition.”
  • China is being more assertive and so will the US be.
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Bravo to that. It is in Europe where the movement is most material:

  • The first EU-US dialogue on China concluded with statements highlighting shared concern about human rights, HK, economic coercion, disinformation and South China Sea. Basically the CCP!

China answered by declaring that Europe knows what genocide looks like. Charming to the last, and I am sure that will help relations.

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Finally, Xi Jinping is busy hitting the phones rousing his grand coalition:

  • Xi called Nepal to help with its vaccines (that don’t work very well).
  • Xi called Montenegro to encourage deeper ties.

Empire building at its most terrifying!

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.