æChinaÆs unofficial empireÆ, as perceived by Niall Ferguson

Economic globalisation is vulnerable to the tectonic plates of empire, says historian Niall Ferguson at the CLSA conference in Hong Kong.

We're in a period of transition of great powers becoming weak powers, said Professor Niall Ferguson in the keynote speech at the CLSA conference in Hong Kong yesterday. If you don't recognise this, you will foresee incorrectly the results of the next few years.

He paints a prophetic picture of Chinese soldiers standing guard over Chinese economic interests in Africa, and protecting those assets by force if threatened. This, he says, is how you start an unofficial empire. However, nobody...

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