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The New York Times said that Chinese President Xi Jinping has concluded in recent weeks deals and pledges that he hopes will put his country in the position of the indispensable global leader, even after its handling of the Corona epidemic has damaged its international standing, as far as she claims.
The newspaper talked about China signing a trade agreement with 14 other Asian countries, and its commitment to join other countries in reducing carbon emissions to counter global warming, and now it has concluded an investment agreement with the European Union.
By doing so, the Chinese leader underscores how difficult it is for US President-elect Joe Biden to form a united front of allies against China’s policies and trade practices, a major focus of the new administration’s plan to compete with China and verify its rising power.
The newspaper went on to say that the Chinese president’s photo with German Chancellor Angela Merkel, French President Emmanuel Macon and other European leaders in a video conference on Wednesday to finalize an agreement with the European Union amounts to a stinging rebuke of the Trump administration’s efforts to isolate China.
The agreement showed the influence that President Xi wields due to the strength of the Chinese economy, which is the fastest growing among major countries while the world is still fighting the Corona pandemic.
Noah Barkin, a Berlin China expert with the Rhodium Group, described the investment deal specifically as a geopolitical coup for China. Chinese companies have already enjoyed greater access to European markets, thus winning not only humble beginnings in industrialization and the growing market for renewable energies. The real achievement of China is diplomacy, according to the newspaper.
The newspaper went on to say that China had to make only minor concessions to overcome the growing concerns about its policies, agreeing, at least on paper, to loosen many restrictions on European companies operating in China, open the country to European banks and adhere to international standards regarding forced labor.
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