‘anti-China alliance’

 

Biden may face an uphill task trying to form an ‘anti-China alliance’ in Asia





U.S. President Joe Biden may find it difficult to collect Asian “swing states” into a coalition against China, a political analyst told CNBC.

Part of that challenge stems from Biden’s promise to rebuild the American bourgeoisie — which could hamper efforts to push economic and trade policies that Asian countries would check in to, said James Crabtree, a professor at the Lee Kuan Yew School of Public Policy in Singapore.

“What the U.S. has done traditionally is, it’s tried to use both its security and economic power to entice allies into its camp. So as an example , it found out the first TPP trade agreement,” Crabtree told CNBC’s “Street Signs Asia” on Friday.

TPP refers to the Trans-Pacific Partnership, a trade pact negotiated by former President Barack Obama and 11 other countries — most of them in Asia-Pacific, which excludes China.

The deal in its original form would be the world’s largest trade agreement, covering nearly 40% of the worldwide economy. it might have enhanced the strategic role of the U.S. in Asia-Pacific, and counterbalance China’s growing political and economic clout within the region.




Comments

Popular posts from this blog

bidens speech attracts more broadcasters

'Made in America' products

here’s the new Democratic plan