China urged to strengthen ‘all possible’ global trade bonds to counter US pressure
- The country should strengthen its global trade and investment landscape on all fronts to reduce dependence on the US, report says
- Chongyang Institution for Financial Studies report comes ahead of second US-EU dialogue on China, which is expected to cover wide range of issues
China should chase “all possible cooperation” with its Asia-Pacific and European trading partners to counter pressure from the United States, which has recently doubled down on building a Western front against Beijing, said a Chinese think tank.
The country should strengthen its global trade and investment landscape on all fronts to reduce dependence on the US, according to a report issued on Wednesday by the Beijing-based Chongyang Institution for Financial Studies at Renmin University of China.
“US containment and suppression of China will not change, especially the hi-tech blockade and moves to lock China within small circles under a ‘democratic country’ ideology,” the report’s authors say. “[The Biden administration] has gone further than Trump in gathering allies to contain China.”
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Shinzo Abe, Japan’s ex-leader says Tokyo and Washington will stand by Taiwan, angering Beijing
A senior US State Department official said in a press statement previewing the US-EU dialogue on China on Wednesday that a “robust” statement from the dialogue was expected, covering a wide range of topics.