日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Editorials

For benefit of region and itself, US should not remain an outlier: China Daily editorial

chinadaily.com.cn | Updated: 2021-11-10 19:58
Share
Share - WeChat
FILE PHOTO: Leaders attend the retreat session of the APEC Summit in Port Moresby, Papua New Guinea Nov 18, 2018. [Photo/Agencies]

The longer the United States pretends to be blind to the heavy blows its shortsighted actions have dealt to the economy of the Asia-Pacific and beyond, and the fact that the cliques it has been trying to form have become part of the challenges it is trying to overcome, the longer a post-pandemic recovery will be delayed.

The overarching agreement reached at the virtual meeting of the trade and foreign ministers of the 21 APEC members, which was hosted by New Zealand, on Tuesday and Wednesday, on the need to avoid erecting trade barriers should serve to prompt the US, an Asia-Pacific Economic Cooperation member, to reflect on the provocative measures it has been taking to restrict free trade.

Coming at a time when the APEC economies face evolving uncertainties, the ministers' call for the region to promote free trade and opening-up struck the right note as it set a constructive and cooperative tone for the virtual meeting of the economic leaders of the APEC members on Saturday.

It is widely hoped that the APEC economic leaders meeting can serve as a turning point for the US to discard its divisive and harmful practices and instead join hands with the rest of the region to strengthen macro policy coordination in finance, the economy, trade, green development and public health.

A total of 81 million jobs have been lost across the region due to COVID-19, and the pandemic's impact on supply chains has been significant, compounding the damage done by the costly weaponizing of trade by the US as part of Washington's geopolitical games.

In addition to the blows of the pandemic and the US' aggressive trade actions, the liquidity released by the US' quantitative easing has also impeded the region's recovery. The inflation rate in the Asia-Pacific in the first nine months of this year hit 2.6 percent — rising from below 2 percent to about 5.4 percent in the US — higher than the 1.5 percent level of last year, and it looks set to continue to rise in the foreseeable future. The soaring prices of staple commodities and energy are eating deep into the profits of the manufacturing sector, a major growth driver and job creator for the region. On top of which, the emerging market economies in the region are among those that are the most vulnerable to the effects of climate change.

Despite the headwinds, the region has never ceased in its efforts to deepen and expand its economic integration. The Regional Comprehensive Economic Partnership agreement, the world's largest trade deal so far, has taken shape and will enter into force on Jan 1, further facilitating regional trade and giving a shot in the arm to the region's recovery. And the Comprehensive and Progressive Agreement for Trans-Pacific Partnership is expected to be enlarged, with China having submitted an official application to join the trade pact.

If the US is willing to work with the other parties and push for positive outcomes, the APEC meeting will be another huge confidence booster for the prospects of a post-pandemic global recovery next year.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 人人干人人爱 | 麻豆成人91精品二区三区 | 黄色在线观看国产 | 日韩在线视频免费观看 | 国产第一页浮力 | 日韩一区二区三区在线观看视频 | 日韩高清国产一区在线 | 超碰自拍97 | 91精品久久久久久久久 | 欧美婷婷 | 亚洲午夜一区二区 | 久久国产免费观看 | 男人的天堂在线播放 | 久久久免费精品 | 青青国产在线视频 | 欧美在线播放一区 | 国产精品网站在线 | 久久视频在线免费观看 | 久久久综合久久 | 国产激情网 | 高清视频一区二区 | 精品无码久久久久久国产 | 天堂中文资源在线观看 | 日韩中出| 99av国产精品欲麻豆 | av网站播放 | 国产精品久久久久久久免费 | 成人一区二区三区在线 | 日本www视频在线观看 | 九月婷婷综合 | 免费色网址 | 国产福利在线视频 | 免费精品视频 | 麻豆天堂 | 深夜福利网站在线观看 | 美女网站色| 亚洲免费观看视频 | 成人午夜免费福利视频 | 高清不卡一区二区 | 在线观看日本一区 | 二三区视频 |