Schiller Institute’s Richard Black Cited in Article on ‘Xiconomics’

March 25, 2022 (EIRNS)—On March 22, Xinhua news service released an extensive article on China’s current global economic policy, titled, “Xiconomics: Why China’s Vision for Development Can Help Promote Global Prosperity.” Early in the article, the authors quote the Schiller Institute spokesman: “Richard A. Black, a representative of the Schiller Institute at the United Nations in New York, said China’s achievement in poverty alleviation is a ‘quiet model and powerful inspiration to the people in Africa, Latin America and much of Asia. There are currently ongoing catastrophes of mass death by war, starvation and economic strangulation by Western nations’ sanctions,’ Black said, adding that ‘China has proven—by its actions, not by its words—an alternative pathway’ in terms of poverty reduction.” Black was the only voice quoted from the U.S., with additional comments from government officials and experts from Malaysia, Laos, Russia, Brazil, Cambodia and Egypt.

The article focused on China’s policy of poverty reduction at home and worldwide, and the principle that peace can only be attained if all nations are, together, lifted up economically. Citing the achievements of the Belt and Road Initiative, the authors point to the building of the Jakarta-Bandung High-Speed Railway, the Hungary-Serbia Railway, the Mombasa-Nairobi Railway and the Gwadar Port. President Xi’s proposal to the UNGA of September 2021 for a Global Development Initiative (GDI)—still blacked out in the West’s mass media—is featured in the article. Perhaps a new ruble-renminbi-rupee engine will become the first hopeful phase of a Global Development Initiative.