In his speech, Obama said it should be the US writing the rules of international business in Asia-Pacific, not China, to protect American interests. But, China is hardly dictating new rules to its economic partners.
Japanese Prime Minister Shinzo Abe has a penchant for pissing off the country's closest neighbours China and South Korea. Will he do it again this year on the 70th anniversary of the end of WWII? The world is listening to his every word.
Some in the West and Africa accuse China of somehow practicing "neo-colonialism" in its dealings with Africa. A recent article appearing in the Economist magazine debunks that rhetoric but at the same time confuses state policy with private business.
Coal-burning and Hebei province’s heavy industries have caused air pollution in the Beijing-Tianjin-Hebei corridor to become egregious. China’s authorities have taken many measures to combat the scourge but progress is slow.
Japan and China agreed to maintain the status quo on the Diaoyu Islands and avoid any discussion over sovereignty, late Japanese Prime Minister Zenko Suzuki said to Margaret Thatcher, according to declassified British Foreign Office files.
The US refused to ratify the IMF’s 2010 reform agenda. The voting power structure within US-led multilateral financial institutions vastly favour the West. Over the past year, China has established its own multilateral financial institutions and funds.
China is narrowing the gap with the US in high-tech weapons and is actively engaged in R & D in 6th generation stealth aircraft, hypersonic weapons, and lasers. But it is still far behind in certain critical sectors.