As Asia-Pacific leaders meet for an annual economic summit this week, the Biden administration is still struggling to articulate its economic vision for the region. China has sought to take advantage.
President Biden has pledged to step up U.S. engagement in Asia after years of ceding influence to China, donating tens of millions of COVID vaccine doses and shoring up military commitments. But when it comes to the Pacific region’s economy, he’s stuck in neutral.
In the meantime, Southeast Asia has become more dependent on China, which accounted for 18% of trade in goods, including electrical machinery and raw materials, for the 10-member Assn. of Southeast Asian Nations in 2019, up from 12% in 2010. The U.S. made up 10% of ASEAN’s trade that year, nearly unchanged from a decade earlier, according to the latestThe one area in which the U.S.
“Increasing domestic competition through trade deals may be problematic for President Joe Biden ahead of the 2022 midterm elections, but the formal accession request placed by China in September puts pressure on Washington to take a position fast,” Clelia Imperiali, a Bloomberg Intelligence analyst, wrote Nov. 3 in reference to the CPTPP.
Xi has sought to emphasize China’s leadership role on trade, saying last week that his government is open to negotiations on issues including industrial subsidies and state-run enterprises — areas that the CPTPP initially planned to address. Beijing was a key player in the 15-nation Regional Comprehensive Economic Partnership, the biggest-ever regional trade deal, which takes effect Jan. 1.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
First lady Jill Biden kicks off COVID-19 vaccine for kids campaign at historic Virginia school
続きを読む »
Rivalry between America and China will shape the post-covid worldChina will witness the dawn of a “new era”: that of Xi Jinping, in total control for as long as he wishes WorldAhead
続きを読む »
‘Spider-Man: No Way Home’ Likely First Phase Four Marvel Film to Hit China“Spider-Man: No Way Home” indicated Monday with a new Chinese poster that it could soon hit Chinese screens — which would make it the first Marvel Cinematic Universe Phase Four film to pass censors…
続きを読む »
Biden faces fresh challenges after infrastructure victoryPresident Joe Biden doesn't need to look any further back than his time as vice president to grasp the challenges that lie ahead in promoting his new $1 trillion infrastructure deal to the American people and getting the money out the door fast enough that they can feel a real impact. When President Barack Obama pushed through a giant stimulus bill in 2009, his administration faced criticism that the money was too slow to work its way into the sluggish economy, and Obama later acknowledged that he had failed to sell Americans on the benefits of the legislation. Obama's biggest mistake, he said in 2012, was thinking that the job of the presidency was “just about getting the policy right” rather than telling “a story to the American people that gives them a sense of unity and purpose.”
続きを読む »
Joe Biden ranked Sixth in approval rating of world leadersSince taking office, Biden's approval rating has dipped a total of 6 percent, from 50 percent to 44 percent, a survey by Morning Consult Political Intelligence shows.
続きを読む »
Biden could announce action on oil this week -U.S. Energy secretaryU.S. President Joe Biden could take action as soon as this week to address soaring gasoline prices, Energy Secretary Jennifer Granholm said on Monday.
続きを読む »