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The U.S. Return to Asia Will Have a Profound Impact on the Global Economic Structure

Qiushi published an article commenting on the strategic intention of the U.S. in returning to Asia and the impact of that return on the global economic structure. The article stated, “(First), the U.S.’s strategic goal in returning to Asia is to further fortify its dominant position in currency. Imposing political and economic pressure on China will force the Chinese Reminbi to appreciate.

“The second goal of the U.S. return to Asia is to create an Asian Pacific free trade area that the U.S. controls. Due to the direct intervention of the U.S., the Asian Pacific region will be divided. For example, Japan may choose to leave the East Asian Community and, instead, join the TPP, in which China does not participate. If the U.S. will succeed in controlling a free trade region that is the size of 35.5 percent of the global economy, it will have no other trade competitor in the world. “Currently, the competition between the China-Asean Free Trade Area model and the TPP model that the U.S. promotes has become the inevitable focus. Apparently, in the trade arena, the U.S. return to Asia directly targets China. It will isolate China in trade, impact the trade structure of Asian countries, and even have a huge impact on the global trade structure in exports.

“[Lastly], the U.S. return to Asia is advantageous to its long-term plan in the area of high-end industries. By returning to Asia, the U.S. completely suppresses China as well as Asian countries’ new energy enterprises. The U.S.’s intention is to attack China’s economic capability of competitiveness and grab China’s market and resources.”

Source: Qiushi, January 13, 2012