The year 2020 could emerge as the start of the era of relative global chaos or major upheaval. It is the era we have been anticipating, as the impact of core population decline meets economic dislocation, and security and structural uncertainty.
Changes in the fundamental sociological framework of global society, due to the end of the population growth cycle – and with it the end of the economic growth cycle based on expanding market size – were beginning to become evident by the beginning of 2020. It was apparent that 2020 was likely to see a major evolution in this transformation.
The three “inevitable” trends which had been promoted in recent decades – the “inevitable” rise of the People’s Republic of China; the “inevitable” decline of the United States of America; and the “inevitable” consolidation of the European Union into a strategic superpower — had all, by 2020, retreated into the swamps of vainglory.
A broad-brush landscape view of 2020 must include at least the following:
The People’s Republic of China and the BRI Framework:
The Communist Party of China (CPC) should be expected to face unprecedented challenge in 2020-21, not only for its control of the economy of the People’s Republic of China (PRC), but to its ability to project the PRC’s physical power in its immediate region, and across its suzerain empire, expressed through the Belt & Road Initiative (BRI) network of states.
The PRC economy has been faltering for several years, and growth in gross domestic product (GDP) figures have only been sustained by artificial construction transactions, which are now becoming unsustainable. It is now estimated that the PRC was in actual economic decline at a time, which will lead to a faltering in its foreign investment and loan capacity to sustain the BRI program.
…click on the above link to read the rest of the article…