Analysis

The ‘special military operation’ launched by Russia against Ukraine, along with the attendant stalemate that has set in between the West and Russia, are landmark events that signal the approaching end of the globalisation wave that began in the 1980s. The absurd efforts of the United States to bully its allies into enacting murderous sanctions against Russia and to browbeat other countries into taking sides in this conflict, have brought the world to a state reminiscent of the deadly global struggles of the twentieth century ago. These developments pose a major challenge to China; the end of this wave of globalisation means that the country will no longer have the same external environment for development that it has enjoyed for the past forty years, and that the US will likely intensify its push to re-establish its domination over the international system and to decouple from China and Russia. The world has undergone a paradigm shift. In the face of a potential forced and complete decoupling from the United States and Western countries, China must take initiative and adjust its foreign strategic orientation, reprioritising the countries that it engages with in order to develop a new international order that would safeguard against the repercussions of this decoupling.

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