It’s ridiculous to blame China for Sri Lanka’s woes when 90 percent of its debt owes to the U.S. and European financial institutions.
The numerous mechanisms created by the U.S. are being used to isolate and exclude others. This demonstrates how much debt crises are a product of a world increasingly divided and at odds with itself, threatening the foundations of globalization and post-cold-war prosperity.
A stable EUR and a prosperous Eurozone are in line with the Chinese economic development. China’s policy during the Eurozone debt crisis is edifying, and its principles remain the same.
The reality is these visits antagonize U.S.-China relations and cross-Strait relations.
Thanks to CBEC, small and micro companies that previously found themselves marginalized in international trade can now participate directly in global product and supply chains.
Abe’s pursuit of amending the constitution to strengthen the military, and his efforts over the years to strengthen Japan’s global alliance to contain China, seem to have led Japan into a dead end. Perhaps, now is a chance for Kishida to turn a corner.