Europeans may be “postmodern,” but the rest of the world is not. Even a cursory glance at Europe’s neighborhood demonstrates the limitations of “soft” power and dispel hopes that emerging powers can be house-trained as “responsible stakeholders” in a Western-designed international system.
In 2021, the first ten-linked “monster stock” was hit by a negative surprise. Major shareholders wanted to reduce their holdings by more than 200 million yuan. Last year they had a pre-loss of nearly 100 million yuan. Netizens exploded: “How many limits?”
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