As Russia announces a new gas deal with China, the voices in the US and European media are anything but delighted. The idea that Russia and China are constructing a natural gas pipeline that will transport millions of dollars worth of resources — and from which no Wall Street or London-based corporations will make any profits — is a sign of the changing nature of the global markets.
The reports of negotiations between US President Barack Obama and Chinese Premier Xi Jinping are causing some to be a little less nervous. The establishment of protocols for military exercises can give some relief to those who fear a possible military confrontation in the near future.
The tension, caused by the changing global economic landscape, has not faded one bit. African countries are growing closer to China. Various Latin American governments have welcomed Russian President Vladimir Putin and expanded economic…
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