China Warning: Former World Bank Boss Warns Of “Cold War” Amid “Critical Challenges” | World | New


Former World Bank Vice President Ian Goldin said animosity between the West and Beijing would only make the current global crises more difficult to overcome. He told the Australian mining forum Diggers & Dealers that such a conflict “would lead to an apology for protectionism and nationalism – the antithesis of world trade.”

He said: “We cannot stop the next pandemic if we wage a cold war, we cannot stop climate change… we cannot overcome the threat of cyber, financial or other crises.

“We need to work together on these critical challenges. “

Mr. Goldin, former adviser to South African President Nelson Mandela, underscored Beijing’s vital role in addressing global challenges.

He said, “There is no global problem I can think of that does not require China to be present as part of the solution, and its role is growing in this regard.

“It is also a growing threat that countries must ‘choose’ as they did in the former Cold War with the Soviet Union, and those of us who were there then remember how was terrible, how it led to skirmishes, how it led to a fragmented world system.

“All of this has dramatic implications for Australia, for the future of minerals and mining, not only because of global growth, but of course the tensions between Australia and China have implications. huge potential – they’ve had it before – and I think that will slow Australia’s growth considerably. potential.”

Mr Goldin’s remarks come after China raised war fears after issuing warnings to the UK about the deployment of the Royal Navy in the disputed South China Sea.

HMS Queen Elizabeth and her group of carriers arrived in the disputed waters, triggering a warning from Beijing.

Chinese state media have warned that Britain “should not attempt (this is) its own fate in the South China Sea.”

The Global Times, the state media in Beijing, acknowledged that the HMS Queen Elizabeth strike group “has so far done nothing in particular that can attract public attention.”

But in an op-ed, the spokesperson warned Britain “that it has to stay sober and obey the rules.”

In a direct message to Britain, the article read: “The very idea of ​​a British presence in the South China Sea is dangerous.

British defense sources told The Guardian that HMS Queen Elizabeth would sail “dozens of kilometers” from the disputed islands of Spratly and Paracel, which are claimed by China.

The aircraft carrier and ships entered the South China Sea earlier this week and are expected to depart by the end of Saturday.

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