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Far reaching significance of RCEP deal
Can the US led West still contain China?
While Biden and Western countries are indulging in fantasies of anti-China coalition of democracies, China, the forever pragmatic and constructive benevolent giant is quietly and steadily
Can the US led West still contain China?
While Biden and Western countries are indulging in fantasies of anti-China coalition of democracies, China, the forever pragmatic and constructive benevolent giant is quietly and steadily
2/ executing its planned actions according to schedule to bring about more mutually beneficial cooperation and interdependence among Humanity
with determination and lightning focus.
China is the principal proponent and signatory of the RCEP treaty. With RCEP, the biggest
with determination and lightning focus.
China is the principal proponent and signatory of the RCEP treaty. With RCEP, the biggest
3/ unified trade market of the world representing 30% of world's GDP and 30% of the world population is born. China's weight of GDP is 55% making it the foremost player.
RCEP goal is to achieve zero tariffs for 90% of goods within the next ten years. To accommodate the
RCEP goal is to achieve zero tariffs for 90% of goods within the next ten years. To accommodate the
4/ socio-economic reality of China, SOEs (state-owned enterprises), government subsidies and trade unions etc are omitted.
Surprisingly Australia is also part of this pan-Asian deal of the century. Australia is schizophrenic. On the one hand it doesn't want to miss the great
Surprisingly Australia is also part of this pan-Asian deal of the century. Australia is schizophrenic. On the one hand it doesn't want to miss the great
5/ economic opportunity, on the other hand Australia seems to be ashamed of its Asia neighboring geographical location and seems to be afraid to be absorbed into and be considered as an Asian country. It always overly asserts itself as a white Anglo-Saxon country and
6/ suicidally pledges itself to the US led Anglo-Saxon agenda. As if not so doing would lower its status and dilute its blue (white) blood.
But faced with an overwhelmingly advantageous deal for Aussie economy, Australia feels obliged to join.
The RCEP treaty
But faced with an overwhelmingly advantageous deal for Aussie economy, Australia feels obliged to join.
The RCEP treaty
7/ not only signifies the rising of China, but the collective rising of Asia with China as its locomotive. One possible means for US/West to contain China, ie, sanctions will be rendered useless or much less effective with RCEP running.
Moreover, negotiations for an even
Moreover, negotiations for an even
8/ tighter China Japan Korea free trade zone are under way. China will eventually join the CPTPP deal which was meant to exclude China originally. However without China, the CPTPP deal is insignificant.
Chinese diaspora play a a vital role in the economies of South Eastern
Chinese diaspora play a a vital role in the economies of South Eastern
9/ countries. At one time it's said that 70% of the economy are in the hands of companies controlled by Chinese diaspora. Though there're rivalries between countries, the economic integrity and interdependence are already intense between China and Asean countries. Such trend
10/ will further intensify with RCEP. From there, appearance of Asian Yuan is a question of time. So instead of being contained, China's influence and importance in Asia will be enhanced.
Such a vast regional trading empire will help to ensure peace and prosperity to
Such a vast regional trading empire will help to ensure peace and prosperity to
11/ the whole region. China will play the role of a major geopolitical stabilizer.
As can be imagined, whatever is good for humanity is perceived as a threat to the West. The US/West's main preoccupation is to maintain the non-white world in a state of perpetual instability &
As can be imagined, whatever is good for humanity is perceived as a threat to the West. The US/West's main preoccupation is to maintain the non-white world in a state of perpetual instability &
12/ backwardness. US did everything it could to prevent the signing of the RCEP. But "thanks to" the pandemic and the election chaos, Asian countries had a window to finalize the deal without US interference. NYT laments that things are now done without the US auspices.
13/ This will become a trend in the near future : the world will no longer turn around the USA. Every country will do and sign treaties deemed to be in the best national interests and will no longer take cues from US.
China knows the way to strategic triumph is to keep
China knows the way to strategic triumph is to keep
14/a low profile, not to engage in fruitless polemics but to move ahead firmly and steadily on grounds it can control. Pushing through a deal like RCEP by which China has a lot to offer to the overall signatories is China's brilliant answer to the sterile Western anti-China
15/ alliance which doesn't bring any country involved concrete benefits.
If US wants to compete with China for influence in the region, it should offer something better than warships and empty slogans of democracy. China offers its huge market, Belt Road infrastructure
If US wants to compete with China for influence in the region, it should offer something better than warships and empty slogans of democracy. China offers its huge market, Belt Road infrastructure
16/ projects, tech know how and funding, Covid19 vaccines etc, more attractive than genocidal wars and propaganda, the only visiting card of the USA/West.
Asian Pacific region was largely peaceful and uneventful until the pivot to Asia policy of Obama in 2014 which brought
Asian Pacific region was largely peaceful and uneventful until the pivot to Asia policy of Obama in 2014 which brought
17/ unrest and turmoil. ASEAN countries are wary of US always stoking conflicts wherever it intervenes. Contrary to the US, wherever China intervenes on the global stage, it brings more stability and prosperity, and in particular in ASEAN countries and in Africa.
18/ This is not the only good news. There's soon to be another breakthrough on the Western front. China is about to sign the Sino-European Comprehensive Investment Agreement. To make such a deal possible, China has made important concessions re. the conditions of entry
19/into the China market for European companies, SOE, government subsidies, intellectual property etc which are deemed to be beneficial to China as well in that these will render Chinese companies more competitive. As a counterpart, China has gained limited entry into the
20/ European energy market. So this is another win win mutually beneficial deal China is so good at bringing about.
Adding to the above are the already up and running China's Belt Road Initiatives in the Global South, its bilateral deals with Russia, Iran and Pakistan.
Adding to the above are the already up and running China's Belt Road Initiatives in the Global South, its bilateral deals with Russia, Iran and Pakistan.
21/ All these deals make China a de facto global presence wielding effective benevolent power and influence around the world. Even Europe has to acknowledge that China's stabilizing power through infrastructure building and economic development in subsaharian Africa and the
22/ Middle East contribute to stemming the exodus of unwelcome immigrants to Europe. Europe intends to work with China to solve the refugee crisis, legacy of US led genocidal wars....
One can pretty much conclude that the Western anti-China coalition has already failed.
One can pretty much conclude that the Western anti-China coalition has already failed.
As can be expected... Whatever is good for China and Europe is bad for US. In the name of human rights, US is trying to frustrate the passing of the deal. Human rights can be used to bomb, to kill, to sanction, to abort cooperation...
