China Trying to Restructure US-Japan-centered Global Economy
8 JULY 2014
The economic revival strategies of China are getting into shape as it changes the current economic paradigm of the Asia-Pacific region through a Free Trade Agreement (FTA) with Korea and attracts investment from Western European countries for major development projects in Western China. The ultimate goal of China is to restructure the regional economic dynamics centered on the U.S. and Japan.
On July 7, Chinese press showed great interest on the fact that the Korea-China FTA negotiations are to be settled within this year, which was decided during Xi’s visit to Korea, and that Chancellor Merkel of Germany visited the Volkswagen factory at Chengdu, Sichuan Sheng, center of the major infrastructure developments of Western China. According to the press, this could the trigger for a new economic paradigm.
- See more at: http://www.businesskorea.co.kr/article/5348/global-strategy-china-trying-restructure-us-japan-centered-global-economy#sthash.jvfPxwNq.dpuf