U.S. Secretary of State Pompeo Announces $113 Million Investment in Indo-Pacific.
U.S. to Offer Competing Funding, Vision For Emerging Asian Markets.
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Smaulgld You Tube Live Stream July 30, 2018
Yesterday’s live stream discussed the U.S. announcement to invest in Indo-Pacific to compete with China’s Belt and Road initiative. As China was in the process of deleveraging, shutting down polluting factories and PBOC governnor warned of a Minsky moment, they were hit with U.S. tariffs. In response, China has loosened credit, lowered capital requirement, let the yuan slide, increased subsidies, lowered taxes and revitalized “infrastructure projects”
Selected portions of Pompeo’s speech:
When we say “free” Indo-Pacific, it means we all want all nations, every nation, to be able to protect their sovereignty from coercion by other countries. At the national level, “free” means good governance and the assurance that citizens can enjoy their fundamental rights and liberties.
Difference between US and China
Now, to be clear, the U.S. Government doesn’t tell American companies what to do. But we help build environments that foster good, productive capitalism. We help American firms succeed so that local communities can flourish, and bilateral partnerships can grow.
TPP
I know some are wondering about America’s role in the region in light of President Trump’s decision to pull out of TPP. While we work with our partners to craft better and higher-standard bilateral trade agreements, our companies are continuing to advance U.S. economic interests by growing their presence in the region. For example, the number of U.S. companies in Singapore has increased 10% over just the past two years.
Watch the video companion to “What’s Up With America’s Indo-Pacific Economic Vision? ”
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Resources
U.S. Announces $113 Million In Initiatives In Indo-Pacific To Counter China
Wary of China’s Rise Mike Pompeo Announces US Initiatives in Emerging Asia
CHINA’S ECONOMIC WOES JUST GOT WORSE
U.S. LED GROUP, THE QUAD TO LAUNCH BELT AND ROAD COMPETITOR?
TRAIN WRECK ON CHINA’S BELT AND ROAD
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