However, for the BRICS countries led by China and India, the G20 process carried a much deeper symbolic value in terms of the reconfiguration of the global system.
His seemingly temporary truce with China was most likely motivated by the need to avoid yet another major political drama, which could have rattled the markets and cost him support domestically.
government’s majorly contributive move towards supporting ASEAN perspectives is based on two distinct policies, which involve security and economic policies as observed in territorial disputes in the South China Sea and the formation of the Trans Pacific Partnership Agreement (TPPA) during the Obama era.
Over the past three years, China has provided scholarships to over 30,000 African students and declared that it intends to increase this number to 50,000 in the upcoming years.
The advancement of China-led institutions such as the Asian Infrastructure Bank and New Development Bank have caused skepticism among Western countries, which perceive these initiatives as a threat to the current established financial system.
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“If we foolishly cancel these –defense- contracts, Russia and China would be the enormous beneficiaries – and very happy to acquire all of this newfound business.
Then, again arguing to protect the interests of the American people, he began to implement trade sanctions on many actors such as China, Russia, the EU, and Turkey.
With the important contribution of the “One Belt-One Road” initiative started by China, we will witness that trade will expand tremendously and economic/technological diffusion will increase significantly in the medium/long term in Eurasia.
" The Trump administration has withdrawn from old agreements not only with countries traditionally regarded as rivals, such as China and Russia, but also with countries such as Germany and Canada, long-time close allies of the U.
If further measures are implemented against Saudi Arabia, no matter what the Saudi threats would be in response, whether concerning oil production or moves to purchase more weapons from US adversaries such as Russia and China, the Kingdom will remain tied to the U.
China in particular has increased its military and economic capacity in a short span of time, which is expected to reach the level of development that facilitates it to challenge the primacy of the U.