On Jan. 14, Schiller Institute founder Helga Zepp-LaRouche told her Chinese and international audience that China’s focus on the real economy as opposed to speculative investment, and its use of productive credit, is now making it a “safe haven” for investment from other parts of the world, as well as a source of credit for development, while inflation and recession are stalking much of the world outside Asia. ChinaPlus’s “Biz Today” program was focused on the recent significant inflows of foreign capital to Chinese equity markets and the rise of the renminbi against the dollar after a fall over the past year. The other interviewed guest, Professor Qu Qiang, assistant director of the International Monetary Institute at Renmin University, spoke about the big rebound in China stocks in late December and January; Zepp-LaRouche focused rather on the crisis of inflation, declining real production, and war which has afflicted the trans-Atlantic nations, and could get much worse this year. Moreover, she said the United States monetary authorities have weaponized the dollar by seizing the reserves of other countries, including Russia, and thus weakened the dollar as the reserve currency. China’s productive credit policy through the BRI and Global Development Initiative make the yuan a strong alternative reserve.
The second 15 minutes was a lively discussion of the fight in France over Macron’s attempted “pension reform,” which Zepp-LaRouche traced to France’s lack of economic/financial sovereignty as one of the Eurozone countries subject to the ECB. (https://chinaplus.cri.cn/podcast/detail/2/2705836 or https://resezfm.meldingcloud.com/ueditor/audio/2301/1073626414205.mp3 )
