Singapore Lianhe Zaobao reported today (May 6th): "China, Japan, South Korea and the ten ASEAN countries jointly issued a warning that trade barriers are threatening the economic division of the globe, and agreed to strengthen the regional financial safety net in order to respond quickly to crises caused by pandemics and natural disasters."
[Smart Comment]: What once seemed impossible has now become reality. The joint statement issued by China, Japan, South Korea, and ASEAN countries clearly opposes the rising tide of trade protectionism. This move is obviously a strong response to Trump's tariff policy. The strategic layout of these 13 regional countries is clear and determined: deepen regional trade cooperation, promote local currency financing, reduce dependence on the United States, and fully support the largest trade agreement not including the United States - the Regional Comprehensive Economic Partnership (RCEP). This strategy not only helps enhance the resilience of the regional economy but also injects new momentum into the stable development of the global economy.
Original article: https://www.toutiao.com/article/1831342067634376/
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