Association For Strategic Culture and Research Foundation

In her weekly media briefing July 23, Foreign Ministry Spokeswoman Maria Zakharova criticized United States support for educational programs, media and NGOs in Africa. In addition, Zakharova said

The short-lived rise of liberal idealism in Russia at the end of the Cold War quickly crashed into the realities of that very world, in which there is no place for the weak, and the resulting vacuum of power and domination is quickly occupied by stronger players. It is hardly surprising that realism then emerged as the platform for the revival of Russia as a great power.

The post-pandemic world will not be determined by the outcome of the confrontation between the US and China, or by splitting the world into two competing camps, writes Nelson Wong, Vice Chairman of the Shanghai Centre for RimPac Strategic and International Studies, speaker at the Special Session of the 18th Annual meeting of the Valdai Discussion Club.

China holds 17.7% of the world’s total wealth, the second largest share held by any country. It has the world’s largest banking sector, with assets of $40 trillion and the world’s top 4 largest banks all being in China. In 2019, China overtook the US as the home to the highest number of rich people in the world, according to the global wealth report by Credit Suisse. It has the highest number of rich people in the world’s top 10% of wealth since 2019. There were 658 Chinese billionaires and 3.5 million millionaires.