An Eventful Fortnight in 2026
(New World Order: Chapter 3)
Last Week the world had many important meetings taking place. There was Brics Foreign Minister Conferance in New Delhi. Prime Minister Narendra Modi embarked upon 5 nation 5 days tour. USA President Donald J. Trump visited Beijing to attend a summit with President Xi Jin Ping. The last meeting remained in news and dominated narratives on all media. However, nothing conclusive came out of the visit.
Meanwhile, USA has escalated its activities in Bangladesh. The United States and Bangladesh are signing defence agreements, which will allow America to deploy its naval warships in the Bay of Bengal. It is an unfriendly act of not outright hostility in the backyard of India.
Roses And Devices
In the China visit, President Trump was struck by the beauty of the roses in the Zhongnanhai Garden. He reported said “These are the most beautiful roses anyone’s ever seen! Could you get me some for the Rose Garden? I’ve never seen roses so big!”
It is also reported XI responded with promise to send the seeds for White house. Whether he sends the seed or not, would White House accept anything from China? The level of distrust of China has reached amazing heights. It is reported that US staff and press members discarded all gifts given by the Chinese officials before boarding the Air Force One. The discarded materials included gifts, staff burner phones, credential badges, and lapel pins issued by China.
The Outcome at Beijing
The pageantry in China was enormous but no concrete agreement is visible. No joint declaration was issued as none was agreed upon. Both sides came out claiming different things from the same meetings, which is the classic signal that nothing substantive was resolved. Yet both sides are calling the meeting a success.
China framed it as Xi securing a “constructive China-US relationship of strategic stability” as the guiding framework for three years. Trump called it “incredible” and claimed “fantastic trade deals” but the US readout offered almost no specifics.
President Trump was on his best behavior in China. He broke no protocol, used no undiplomatic words, and made no obnoxious gestures in Beijing. It had been a long time since something like that happened. It really means something. No need to say more.
US Treasury Bonds
Two major issues were neither revealed in public nor press asked about it. The first is the sale of US treasury bonds by China in past few years. Second the outstanding debt of bankrupt Chinese company to US Banks.
China has been trimming its U.S. Treasury position over the past decade, with reporting in early 2026 saying its holdings fell to about $682.6 billion in November, the lowest since 2008. It was around 3 trillion dollars in 2020. As per reports in February 2026, Chinese regulators have also told banks to limit new U.S. Treasury purchases.
Chinese corporate liabilities to foreign creditors, especially the Evergrande collapse. Evergrande filed for Chapter 15 protection in the U.S. in 2023, and Reuters reported its offshore debt restructuring involved $31.7 billion, while NPR said the broader liabilities were around $300 billion.
When asked, AI down played both issues. It may be noted that USA went to war with Iran over treasury bonds restructuring. At least that is my opinion as expressed here. After all, USA is the largest importer in the World and China is largest exporter in the world. USA in payment of goods, prints treasury bonds and give it to exporting country. If that flow stops, US economy will be at perils as it is already under $38 trillion debt.
Trump’s China visit without any discussion on this subject is meaningless. But as per claims of USA, China has agreed to buy USA’s oil. Which it will obviously be in dollars. So the China, the strong advocate of de-dollarization will now be dealing in dollars? Is China back into the ‘Old World Order’ and given up its claim to be on the top? What about Rare Earth sale by China to USA? We have no answers.
Meanwhile, the BRICS meeting in New Delhi too did not produce anything meaningful except the usual rhetoric of cooperation. But not much was expected when China did not choose to send its foreign minister to New Delhi.
The Prime Minister of India Narendra Modi too did not wait for the outcome of BRICS and embarked upon a five nation tour on the 15–20 May 2026 tour (UAE–Netherlands–Sweden–Norway–Italy). He is embarking upon a major drive without creating any hype. He strategic tour is being touted as random efforts for expansion of trade. It is not. We will discuss that in future articles.
In the chapter 4 we shall discuss what PM Modi is doing and what he aims to achieve in this 5 days tour of 5 countries. Is there some New World Order taking shape? We will discuss by reading between the lines of press of press statements by asking questions which media has stopped analyzing much less asking them.
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