On June 14, Asia Times published an analysis looking at obstacles to China’s expanding influence in the Indo-Pacific region.
In its analysis, the paper looked at economic obstacles that China faces in the Indo-Pacific region.
Topping the list is EU’s growing bilateral trade agreements with Vietnam which could possibly be concluded with other Asian countries as well.
While Western powers can utilize various trade mechanisms to stall China’s influence in the Indo-Pacific region, Beijing enjoys geographic and cultural advantage in the region.
Also, two weeks ago EU’s High Representative for Foreign Affairs Josep Borrell called for a “big, positive agenda for EU-China cooperation” and rejected siding with the US in its rivalry with China.
China-US rivalry is likely to escalate as Washington’s global influence continues to decline, a scenario which will further contribute to the establishment of the multi-polar global order.
Courtesy: Asia Time.