Egypt, Qatar intensify coordination as Gaza crisis worsens    Egypt prepares governmental talks with Germany to boost economic cooperation    Arabia Developments, ElSewedy join forces to launch industrial zone in New 6th of October City    Egypt, US's Merit explore local production of medical supplies, export expansion    Egypt, WHO discuss joint plans to support crisis-affected health sectors    IWG accelerates Egypt expansion, plans 30 new flexible workspace centres in 2026    Grand Egyptian Museum fuels hospitality, real estate expansion in West Cairo    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt touts North Coast as investment magnet after $29.7b Qatar deal – FinMin    URGENT: Egypt's net FX reserves hit $50b in October – CBE    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Russia's Putin appoints new deputy defence minister in security shake-up    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



China paper says foreign meddling in Syria risks global economy
Intervention in Syria could shock markets and derail the global economy, claims state mouthpiece, as China faces criticism for vetoing UN resolution calling for Assad to quit
Published in Ahram Online on 16 - 02 - 2012

Meddling in Syria by foreign powers risks stirring up a hornets' nest of bloodshed and instability in the Middle East which could shock markets and derail the weak global economy, China's top newspaper said on Thursday.
The commentary in the People's Daily, the mouthpiece of the ruling Communist Party, comes in the face of criticism from the West and many in the Arab world over China's and Russia's veto of a U.N. resolution calling for Syrian President Bashar al-Assad to quit over an 11-month-old crackdown.
China said it was simply trying to prevent more violence in Syria and has sent envoys to the region to explain its stance.
"The political ecology in the Middle East is extremely frail, a tangled mess of thousands of years of ethnic and religious conflict," the People's Daily said.
World powers must realise this and handle bloodshed in Syria and Middle East tensions with a sense of realism, the paper said, noting that the spread of conflict would be a "catastrophe" in a crucial phase of global economic recovery.
"The Middle East is the world's most important fuel depot. If gripped by chaos, oil prices would skyrocket, shocking the stock market, financial systems and economies," the paper said.
A weak political equilibrium in the region has emerged, but if broken, all manner of latent problems will emerge which no single superpower can control, the paper said.
The author used the pen name "Zhong Sheng", which can mean "voice of China" and is often used to give Beijing's position on foreign policy.
The People's Daily said Washington's aim was to establish a friendly government in Syria to counter the influence of its "old enemy" in the region, Iran.
"Once Syria sets up a pro-Western regime, Iran will loose important backing in the region," it wrote.
Chinese Premier Wen Jiabao vowed this week to work through the United Nations to seek an end to the strife, but a senior official traveling with Vice President Xi Jinping in Washington warned that missteps by the United Nations could worsen bloodshed.
Assad on Wednesday promised a referendum in two weeks on a new constitution leading to elections within 90 days, but made clear he was still intent on crushing the uprising with tanks and troops. Opposition figures spurned the referendum offer.


Clic here to read the story from its source.