Hong Kong media: The form of "Indo -Pacific Economic Framework" is greater than the essence, and more is making a show

Hong Kong media: The form of "Indo -Pacific Economic Framework" is greater than the essence, and more is making a show

It was reported on May 26 that the Hong Kong Asia Times website published an article entitled "The Form of the Indo -Pacific Economic Framework of Biden" on May 24th. The article pointed out that Biden’s Indo -Pacific Economic Framework is just an administrative order released overseas, symbolizing significance than practical significance.

This facts means that it will not curb China like Biden’s hope. The full text is as follows: In Washington, the Indo -Pacific Economic Framework (IPEF) of the President of the United States seemed to be destined to fail to approve the truly influential trade plans. IPEF is just an administrative order released overseas, symbolizing significance than practical significance.

This facts means that it will not curb China like Biden’s hope. In 2017, Biden’s former Trump decided to tear the Cross Pacific Partnership Agreement (TPP). This is a good thing for China, so that it can make a hand to reach its own agreement.

Now, Biden’s goal is to return this world’s largest economic weight to the field.

IPEF is an attempt to re -build TPP at a low cost. However, its defect is that this agreement is more showed, not to exert its influence.

On the surface, IPEF is better than TPP.

Economys that have signed agreements are greater than the global economic output than the "Comprehensive and Progressive Cross -Pacific Partnership Agreement" (CPTPP).