This gathering has featured lively discussions of investment in various forms of infrastructure, logistics management, and natural resources. Originally, I was going to talk about China's role in commodity market volatility.
These days, people who talk about the Indo-Pacific region — the arc of Asia from Japan through China to Pakistan — always begin by noting that it's becoming the world's center of economic gravity. That's true. The region's economy is now half again as large as America's or Europe's.
For centuries, the islands and other land features of the South China Sea were seen as places to be avoided — valueless hazards to navigation. The waters around them were treated by fishermen as an unregulated regional commons where everybody, regardless of nationality, could find and take what
Saudi Arabia has done it again! On January 23, it dismayed foreign pundits by failing to sink into the anarchy they speculated might follow the death of its king, 'Abdullah. Instead, the Kingdom carried off yet another flawless passing of the leadership baton.
I want to speak with you today about the Middle East. This is the region where Africa, Asia, and Europe come together. It is also the part of the world where we have been most compellingly reminded that some struggles cannot be won, but there are no struggles that cannot be lost.
The Middle East is where Africa, Asia, and Europe come together and where the trade routes between China, India, and Europe converge. It has two-thirds of the world’s energy reserves. It is also the epicenter of this planet’s increasing religious strife.
I became interested in China a bit over five decades ago. Back then, with the notable exception of Zhou Enlai and a few people he’d mentored, China’s diplomacy was all revolutionary bluster and bellyaching with no bottom line.
In 2012, China’s now-paramount leader, Xi Jinping, invited President Barack Obama to collaborate with him in developing a “new type of great power relationship.” It wasn’t clear to anyone what he meant by that.