久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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 1995 - . 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: 久爱免费观看在线网站 | 污全彩肉肉无遮挡彩色 | 一级做a爱片特黄在线观看免费看 | 99一区二区三区 | 99国产在线 | 国产特一级毛片 | 成人精品在线观看 | 欧美人成人亚洲专区中文字幕 | 无内丝袜透明在线播放 | 国产高清视频免费最新在线 | 亚洲深夜福利视频 | 午夜三级a三点 | 亚洲欧美另类自拍 | 国产三级精品在线观看 | 三级视频网站在线观看播放 | 国产伦理久久精品久久久久 | 欧美视频在线观看一区二区 | 国产大片免费天天看 | 日本aaa视频 | 黄色美女网站在线观看 | 久免费视频 | 国产成人毛片视频不卡在线 | 五月激激激综合网色播免费 | 最新理论三级中文在线观看 | 成人国产精品免费网站 | 精品一区二区三区在线观看l | 男人的天堂免费视频 | 欧美久 | 牛人国产偷窥女洗浴在线观看 | 99久久99久久久99精品齐 | 国产粗大猛烈18p | 日韩国产成人精品视频 | 国产精品国产三级国产专播 | 欧美黑粗特黄午夜大片 | 国产成人美女福利在线观看 | 亚洲国产天堂久久综合图区 | 99色在线视频 | 国产一级在线观看www色 | 一级特黄欧美 | 久久精品成人国产午夜 | 欧美在线 | 欧美 |