Integrity Legal

26th June 2011

It would appear as though the United States and China have wound down their recent bi-lateral discussions concerning the Asia-Pacific region. To provide further insight it may be best to quote directly from the official website of Xinhua, Xinhuanet.com:

China and the United States rounded off their round of consultations on Asian-Pacific affairs in the U.S. state of Hawaii on Saturday, thus opening a new channel of bilateral communications on issues concerning the world’s most populous and economically dynamic region. The Hawaii consultations, part of their efforts the materialize consensus reached by the two sides upon in their latest round of strategic and economic talks this May, were initiated to promote cooperation and understanding between the world’s top two economies in the Asia-Pacific region where they both have vital interests in maintaining peace, stability and prosperity... [sic]

The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to read this story in detail as it is rather insightful. In the previous posting on this web log it was noted that high ranking American diplomats had been engaged in discussions with Chinese officials. It would seem as though these discussion have been positive. It is also noteworthy that the aforementioned article also noted American engagement with the Association of Southeast Asian Nations (ASEAN), to quote further: 

Meanwhile, Washington is trying to reinforce its engagement with many organizations in the region, for instance, the Association of Southeast Asian Nations (ASEAN). U.S. President Barack Obama also declared he would attend the East Asia summit in Jakarta, capital of Indonesia late this year.

These events are certainly hopeful for the Asia-Pacific region and they appear to be transpiring virtually in tandem with a recent visit by the Chinese Premier to the United Kingdom which has apparently been followed by a trip to Europe. While on this trip, the Chinese Premier appears to have made some statements regarding China’s investments in Europe. To provide further insight into these developments it may be wise to quote directly from an article written by Malcolm Moore and posted to the official website of The Telegraph, Telegraph.co.uk:

Yesterday, at the start of his European visit in Hungary, Mr Wen gave a strong pledge of China’s support for the embattled euro, saying that China will buy Hungarian government bonds and “consistently” support the euro as Europe attempts to fight its way out of a sovereign debt crisis. “China is a long term investor in Europe’s sovereign debt market,” he said at a press conference with the Hungarian Prime Minister, Viktor Orban. “In recent years we have increased by quite a big margin our holdings of government bonds. We will consistently continue to support Europe and the euro.”

This blogger asks readers to click upon the relevant hyperlinks noted above to find out further details.

As has been noted previously on this blog, the ascension of the Chinese economy relative to the other economies of the world is having a global impact as Chinese polices can have ramifications in both Asia and Europe, virtually simultaneously. China’s future policies and decisions remain to be seen, but one thing is clear: when China moves, the world watches.

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