Beijing ● Fri, May 27 2022
The United States has been trumpeting that its Indo-Pacific Economic Framework (IPEF) will bring prosperity to the region. But its sole purpose is to advance the Indo-Pacific Strategy and key interests of the US instead of driving post-pandemic recovery, development and prosperity of the region.
Asian countries need to brace themselves for the negative impact brought on by the framework which could be summed up as “four Ds”: Division, deprivation, deviation and disappointment.
First, IPEF is created to encourage regional economies to “decouple” from the Chinese market by leading them to alternative supply chains, a step that Washington believes will help exclude China from the regional trading and supply systems.
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