US playing catch-up as China keeps hold on trade dominance in region

BEIJING/WASHINGTON – The United States and China are locked in a battle for influence in South-east Asia, home to more than 660 million people and the fifth-largest economy in the world.

US President Joe Biden will unveil his administration’s long-awaited Indo-Pacific Economic Framework (IPEF) on Monday (May 23), as part of efforts to step up Washington’s economic engagement with Asia.


See also  Hundreds of Afghan security forces flee as districts fall to Taliban

Leave a Reply