China surpasses U.S. as largest recipient of foreign direct investment during Covid pandemic : worldnews
As US government restricts investments and FDIs into China, other countries/regions/corporations are pouring in to fill the gap.
And China is continuing to strengthening its trade with other nations/markets/regions.
With ASEAN + South Korea, Japan, Australia, New Zealand:
The RCEP is the first free trade agreement between China, Indonesia, Japan, and South Korea, four of the five largest economies in Asia. At the time it was signed, analysts predicted that it would help stimulate the economy amid the COVID-19 pandemic, as well as “pull the economic centre of gravity back towards Asia,” and amplify the decline of the United States in economic and political affairs.
With EU nations:
The EU and China have unveiled a long-awaited investment treaty that aims to open up lucrative new corporate opportunities but which risks antagonising president-elect Joe Biden’s incoming US administration.
Industries where the EU has secured improved access terms include automotive, private healthcare, cloud computing and ancillary services for air transport, Mr Dombrovskis said. The improved market access arrangements for car manufacturing also cover electric vehicles and hybrids, he added.
New U.S. Defense Secretary Lloyd Austin, during his first phone call with his Japanese counterpart, reaffirmed America’s commitment to Tokyo to defending a group of East China Sea islets claimed by both Japan and China : worldnews
That is the question, where do our responsibilities end? We haven’t been only in North America since 1896. We defend Japan because MacArthur imposed a constitution on Japan that said they can only have a limited military, and we signed a treaty saying we would help defend them.
More history savvy folks will prolly point out my errors, but I am pretty close.
The Military Industrial complex is a real thing in the states. More wars more money, more promotions for the military.
Acrucial confidence building measure proposed by the Chinese Army in order to defuse tensions in eastern Ladakh has been violated by the Chinese side.
The Chinese Army has consolidated its positions in eastern Ladakh and quietly, gradually increased troop numbers at the friction points along the Line of Actual Control (LAC) despite specifically proposing four months ago that the two sides should refrain from sending more troops to the troubled front. The latest ground assessments confirm that the PLA has not only reneged on the joint statement issued following the sixth round of talks on September 21 last year, but done so with attempted stealth.
A day after that round of talks last September, the two sides had issued a joint statement that was seen to be substantive forward movement after months in a deadlock. The two sides had, according to their joint statement, “agreed to earnestly implement the important consensus reached by the leaders of the two countries, strengthen communication on the ground, avoid misunderstandings and misjudgements, stop sending more troops to the frontline, refrain from unilaterally changing the situation on the ground, and avoid taking any actions that may complicate the situation.”
Four months later, that most crucial confidence building measure is practically useless. Top Army sources confirm that the Indian Army has had no choice but to mirror the gradual build-up on the Chinese side. In some sectors, foreseeing fresh Chinese concentrations, the Indian Army has conducted preemptive actions. As a result, despite the deep winter chill, opposing troops, tanks and armoured personnel carriers are nearer to each other than they have been in the past four months.
As India Today reported last September, China has also been steadily consolidating its positions in northern Ladakh’s Depsang plains, with new positions emerging even closer to Daulat Beg Oldie. Indian Air Force chief Air Chief Marshal RKS Bhadauria recently paid a visit to this high altitude air base to review security and arrangements. The Indian Army has been forced to mobilise in a historically big way in this sector owing to Chinese hostile postures here.