Fri Jul 14th, 2017 at 06:15:17 PM EST
Started as a reply to ATinNM's post in my previous diary ...
A US withdrawal from the western Pacific frees China to look north to the biggest region of untapped natural resources on the planet.
Japan commits to China's 'One Belt, One Road' initiative | DW |
During talks with Chinese President Xi Jinping on the fringes of the recent G20 summit in Hamburg, Japanese Prime Minister Shinzo Abe expressed Tokyo's intention to participate in Beijing's ambitious "One Belt, One Road" economic plan, a significant concession from a government that had previously distanced itself from Chinese economic and development initiatives.
Analysts say that while the Japanese leader is hoping for a windfall for domestic companies, he also recognizes that Japan simply cannot afford to be left out of a growing international project without any say in its future direction. Yet another motivation is to pressure President Donald Trump's administration to re-engage with its longstanding allies in the Asia-Pacific region instead of permitting China to seize the initiative.
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Foreign Direct Investment in the United States 2016 Report - link to chart
The grand One Belt, One Road (OBOR) project is a combination of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, and is designed to promote connectivity and cooperation among Eurasian nations via land and sea. The project demonstrates China's quest to play a larger role in global affairs and coordinate manufacturing throughout the region.
○ Abe's Belt and Road pivot signals push to improve bilateral ties | Asian Review - June 6, 2017 |
○ PM Abe willing to join the China-initiated Asian Infrastructure Investment Bank (AIIB)