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Sunday, June 23, 2024

China. Former UK Prime Minister Liz Truss calls for ‘economic NATO’

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The free world must challenge China’s economic dominance before it’s too late, former British Prime Minister Liz Truss said in her first public appearance since resigning. She called for the creation of an economic equivalent of NATO’s Article 5. She assessed that the “golden era” announced by London a few years ago in relations with China was a mistake.

Speaking at an interparliamentary conference in Tokyo on Friday, former UK Prime Minister Liz Truss said world leaders should learn from their failure to take earlier and tougher action against Russiaas well as rejecting the “fatalism” of those who think “totalitarian rise China is inevitable.”

“As the free world has enabled China to grow, the free world must challenge China’s economic dominance before it’s too late,” Truss said in her first public appearance since resigning.

Liz Truss on “Economic NATO”

Liz Truss stated that the G7 countries and their allies represent more than half of the world’s GDP, so they can use their “economic weight” to “decide how we trade, where we invest, what technologies we export – and we need to use that leverage to ensure that the G7 plus allies act as economic FOR THIS“.

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Liz TrussShutterstock

She said that an economic equivalent of NATO’s Art. 5, according to which an attack on one alliance member is an attack on all.

Truss: The “golden era” in relations with China was a mistake

Truss criticized the British government’s approach to Beijing under Prime Minister David Cameron and Finance Minister George Osborne, who spoke of a “golden era” of increased economic ties. She assessed that this “sent the wrong message” to the Chinese authorities.

The former British prime minister said that “the free world is in danger” because of the rise of authoritarian regimes like China. “We know that President Xi has made it clear that his ambition is for China to have control Taiwan and in my opinion it would be disastrous. We must ensure that Taiwan is able to defend itself, and we must work with the entire free world to achieve this,” she said.

Truss’s speech increases the pressure on her successor, Rishi Sunak, to take a tougher stance on China. Sunak declared in November that the “golden era” in relations with China was over, but described the country as a “systemic challenge” and not – as many Conservative Party MPs expected – as a threat.

Main photo source: PAP/EPA/WU HAO



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