Modest Step Ahead for Anti-China Trade Framework
US President Joe Biden celebrated an economic agreement last week among fourteen Asia-Pacific countries, including Japan, which implicitly aims to counter China’s regional economic influence.
US President Joe Biden celebrated an economic agreement last week among fourteen Asia-Pacific countries, including Japan, which implicitly aims to counter China’s regional economic influence.
The Partnership for Global Infrastructure and Investment (PGII) is the United States’ latest attempt to challenge China’s global investment strategy, the better-established Belt and Road Initiative, but it is unclear how serious a challenge PGII can present to Beijing.