China backs WEF sidekick Rishi Sunak to replace Boris Johnson

The establishment favorite to succeed Boris Johnson as prime minister, former Goldman Sachs banker and World Economic Forum acolyte Rishi Sunak this week received tacit backing from the Communist Party of China, the main propaganda newspaper of Beijing’s English language declaring him a candidate for having the most “pragmatic” stance towards China.

Rishi Sunak, one of the wealthiest Members of Parliament following his marriage to Indian business heiress Akshata Murty, is currently leading among support from other Tory MPs in the contest to replace Boris Johnson in the head of the party and therefore Prime Minister.

In addition to the establishment of Westminster, Sunak has received praise from the world timesthe typically belligerent foreign spokesperson for the Chinese Communist Party (CCP).

The official newspaper described the former Chancellor of the Exchequer as “the only candidate with a pragmatic view of developing a balanced relationship with China”, as opposed to other candidates such as Foreign Secretary Liz Truss and the Foreign Relations Committee Chairman Tom Tugendhat, both of whom have taken a tougher line on Beijing on issues such as Hong Kong and Taiwan.

While the newspaper quotes international affairs ‘expert’ Wang Yiwei of Renmin University as saying that UK-China relations are unlikely to return to the so-called ‘golden era’ under the Former Prime Minister David Cameron and his Chancellor, George Osborne, said that “London’s elites will be interested in emerging economies like China and India to make up for their losses in Europe after Brexit.”

Going back to his past statements, it is perhaps correct for Beijing to assume that Sunak would be the friendliest Prime Minister to the communist regime, having said in 2020: “I think with China, we also have to be realistic and stubborn and I would probably say transactional in our approach to this relationship, rather than being giddy about it.

“China is going to be an important feature of the global economy, and its importance will only grow, so it would be wrong to ignore it.”

In his speech at Mansion House in 2021, Sunak said it would be important for Britain to take advantage of China’s emerging financial services sector through partnerships with the City of London, and for the UK to associate with the totalitarian state on “glohbal issues such as health, aging, climate and biodiversity.

Last January, the then-Chancellor reportedly pursued a “radical shift” in relations with China ahead of the reopening of trade dialogues with Beijing after two years of calm during the Wuhan virus crisis.

A key supporter of Sunak’s campaign, former anti-Brexit foreign minister Jeremy Hunt, has also come under fire for his close ties to China, with even his wife, Lucia Guo – originally from China – having previously served as a presenter for a propaganda project produced by Chinese state television.

Sunak’s father-in-law, NR Narayana Murthy, one of the founders of Indian tech giant InfoSys, a listed partner of the World Economic Forum (WEF) whose chairman Mohit Joshi praised China in an article on the WEF website for matching digital identity with access to business loans.

The former Chancellor of the Exchequer, once a key ally of Boris Johnson who became Brutus and brought about the downfall of his government, was nevertheless seen as the candidate most closely aligned with the green ‘Build Back Better’ agenda. Johnson. While communist China is the world’s biggest polluter, the East Asian powerhouse is profiting massively from Western governments’ obsession with so-called green energy and net zero.

Indeed, up to 40% of Britain’s solar farms are believed to have been built on the back of slave labor in the Xinjiang region, where millions of Uyghur Muslims and other ethnic minorities were interned in concentration camps. China is also a major producer of rare earth minerals needed to exploit supposedly clean energy sources. Cancer rates have skyrocketed around mines in China for neodymium, a magnetic material used in the production of wind turbines.

Despite this, Sunak appeared at the World Economic Forum’s Green Horizon Summit in 2020 to promote the idea of ​​an “economy-wide transition” to “green energy” sources.

“The challenge of climate change is clear and it is urgent,” Sunak said. “We must ensure a positive and fair transition to Net Zero and protect our environment.”

Sunak, a former Goldman Sachs banker, has also been at the forefront of a key objective of the World Economic Forum and the Chinese Communist Party, namely the transition to a cashless society through the implementation of CBDCs. (central bank digital currencies).

Unlike Bitcoin, which operates on a decentralized basis without any person, entity or government controlling its value, CBDCs are essentially a digital form of traditional fiat currencies, as they are produced and issued by central banks and are therefore ultimately a continuation. of the current monetary system – except without the privacy protections inherent in cash or other forms of hard currency.

In 2021, Sunak ordered the Bank of England to start looking at how it could offer a CBDC, which he described as a “form of digital currency, much like a digital banknote” and act as a ” compliment” to cash banknotes. With the already diminishing role of cash in British society, traceable CBDC could eventually replace cash and coins altogether.

As well as the ability to track every transaction, concerns have been raised within the Bank of England itself that CBDCs could be used in the same way as China’s social credit score, with director Tim Mutton noting that they could be “programmable” by central banks. , meaning the government could ultimately decide how and what citizens spend their money on.

Communist China itself became the first major economy to introduce a CBDC, the Digital Yuan, which saw over a quarter of a billion people register to use it. The privacy risks of using such a currency were demonstrated at the Beijing Olympics when the United States warned its athletes not to use the digital yuan lest the CCP spy on them. American athletes via cryptocurrency.

Follow Kurt Zindulka on Twitter here @KurtZindulka

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Post expires at 6:18pm on Friday July 22nd, 2022