A Russian blow to the US: China to be No.1 economy in the world

China will soon be world’s top economic power – Lavrov to RT
December 25, 2017
Published time: 25 Dec, 2017 10:07Edited time: 25 Dec, 2017 10:32
Backed by BRICS partners Russia and India, China will soon take the top spot from the United States as the world’s biggest economy, Russian Foreign Minister Sergey Lavrov told RT … for more, go to http://travelwirenews.com/china-will-soon-be-worlds-top-economic-power-lavrov-to-rt-595251/ 

A Russian blow to the US: China to be No.1 economy in the world


KUALA LUMPUR (December 2017): At a Russian Business Council meeting on Dec 18, Foreign Minister Sergey Lavrov mentioned China and India as the two countries experiencing the fastest economic growth globally.

A week after, Lavrov told the media that China is set to be the world’s top economic power.

Unlike the arrogant US, the Russians globally pragmatic in economics, military and politics - recognising reality and facts in bilateral relations.

And, Lavrov’s remarks must be a “blow to the US pride”, being left out in Russia’s global economic radar.

While Lavrov believes that the growing influence of BRICS (Brazil, Russia, India, China and South Africa) in the global economy and that the G20 will lead to a multi-polar world with BRICS dominating supremely, it is also an opportunity for business venture.

I Love Malaysia-China Silk Road opines that the business potential for One Belt One Road (OBOR) investors who innovate to synergise OBOR with BRICS will certainly be lucrative.

After all, OBOR’s infrastructure links (road, rail, ports and air) are also connected to BRICS.

Only the war waging US and its close allies will eventually lose out economically as they continue to try and sabotage and demonise the efforts of Russia and China to work for mutual gains with BRICS and OBOR members and supporters.

This was what was posted by Russia’s DONTIKO on Dec 26 (Boxing Day):

"Lavrov: China set to be world's top economic power

December 26, 2017
The Physician

Russia's foreign Minister, Sergei Lavrov believes that the growing influence of BRICS in the global economy and the G20 will lead to a multi-polar world where a BRICS nation dominate supremely.

BRICS include Brazil, Russia, India, China and South Africa.

“I believe that our Western counterparts in the G20 realize more and more they need to bargain, they need to agree,” Lavrov said in an exclusive interview with RT.

“BRICS is not alone - it has allies, including Saudi Arabia, Mexico, Argentina, and Indonesia. I think half of the G20 group seek to take part in the decision-making process,” he said.

Talking about China, the minister said it has economic resources and interests in Latin America and wants to “invest in this part of the world because they don’t have many mineral resources.”

According to Lavrov, Latin America is very interesting not only for China, but for Russian companies as well.

“As our companies and Chinese companies get deeper into Latin America I strongly believe that there will be more projects,” Lavrov said, adding that BRICS and the New Development Bank (which was set up as part of BRICS) will also join this work. - DONTIKO

18 December 201717:55
Foreign Minister Sergey Lavrov’s opening remarks at a meeting of the Business Council under the Minister of Foreign Affairs of the Russian Federation, Moscow, December 18, 2017 … The fact that India and China are record holders in terms of growth rates for several years now is a known fact. We also take into account such factors as the population size, vast potential for innovation and rich natural resources of the Big Five. We are united in our assessments of the current state of affairs in the global economy and finance. We joined efforts in our search for new sources of economic growth. We operate on the premise that the scale and nature of modern economic challenges suggest that it is only possible to develop in collaboration, building up cooperation ties which can be most effectively done as part of transparent multilateral institutions … for more, go to http://www.mid.ru/en/press_service/minister_speeches/-/asset_publisher/7OvQR5KJWVmR/content/id/2993996