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© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Asia-Pacific ministers endorse trade, graft pacts
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Yamiko Otokawa
The US pivot to Asia has motivated China to take many steps to reduce US influence and power : (1) Direct trading in local currencies with major countries including Japan to bypass the use of US dollar. The share of US dollar as a reserve currency is on a long-term decline, while share of Chinese yuan and euro have been increasing. (2) Currency swap agreements with major countries including Japan. (3) Closer military, economic and other cooperation with Russia. (4) Shutting out US IT products from Microsoft ( Windows 8), Cisco, etc. from government use on national security grounds. Same reasons used by US to shut out Huawei, Lenovo, etc. from government use. (5) Start Asian Infrastructure Investment Bank, talks on the Free-Trade Area of the Asia Pacific, etc. to challenge the USA. (6) Economic, military or / and other cooperation with countries not friendly to the USA, such as Iran, Venezuela, Argentina, Sri Lanka, etc. (7) Etc. Do the governments of China and USA think about the long-term consequences of what they do ?
Jimmy Alegre
Forward your roadmap by opening Silk Road for future progressiveness of economy, better to surprise and have option among those in stealmate economy nations to look forward than blah,blah,blah, fear etc, to connect their self later if they want. Let the action begin, spread the opportunity.Goodspeed and Goodluck.