Why China's rise may call for 'a new world order' [CNBC]
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Source: CNBC
Why China's rise may call for 'a new world order' The international community needs to reestablish a world order based on rules as the rise of China coincides with the decline in European and American power, according to business and politics experts. Those comments came at a Tuesday conference in Singapore focused on predicting and investing in the trends that will shape the world — the Credit Suisse Global Supertrends Conference — and the consensus was clear: Instead of "demonizing" Beijing or using military power, other major economies should welcome the opportunity to recommit to and rewrite international statutes. That is, China has benefited from existing technology, but with intellectual property issues now at the forefront amid its trade war with the U.S., it needs to sign onto and adhere to agreements, they added. "I think that we need rules more than ever before," said Anthony Gardner, former U.S. ambassador to the European Union . "We should be able to manage our difference
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