China applies to join key Asia-Pacific trade pact – BBC News

https://www.bbc.com/news/business-58579832

… The pact that eventually became the Comprehensive and Progressive Agreement

for Trans-Pacific Partnership (CPTPP), was created by the US to counter China’s influence.

However, former President Donald Trump pulled the US out of it in 2017.

Tailor or failure: Why learn to sew?

http://tailororfailure.blogspot.com/2012/12/why-learn-to-sew.html?m=1

…In Australia we pretty much don’t manufacture anything, and in the 1980s
when the tariffs were abolished (remember the buy Australian campaign?)
we all said “bugger buy Australian: that Chinese garbage is really cheap!!” and the first of our industries to suffer was clothing
manufacture.

This all fills me with sadness…

Stuck between China and the US, Australia must choose its best friend – ABC News

https://www.abc.net.au/news/2021-06-13/morrison-g7-china-or-us-west-no-longer-global-power/100206994

… It also buries the notion that Australia does not have

to choose between its biggest trading partner China and its strategic alliance shared values and friendship with the United States.

We have returned to a world of great power rivalry with the risk of war —
Morrison says ever present and growing — and Australia has chosen.

It was the choice we would always make: we are all in with America.

Western Companies “Shocked” After China Rushes Through Anti-Sanctions Law

Comment by tonytran2015: This is called “reciprocity”.

https://www.nationandstate.com/2021/06/11/western-companies-shocked-after-china-rushes-through-anti-sanctions-law/
There should be little doubt that the timing is intentional: China on Thursday passed its sweeping new law to ‘safeguard’ Chinese businesses and entities from Western and especially US sanctions, just hours ahead of President Joe Biden sitting down with G-7 leaders in Cornwall to argue […]

Japan throws support behind Australia over opposition to China’s economic ‘coercion’ – ABC News

https://www.abc.net.au/news/2021-06-09/australia-japan-urge-peace-stability-taiwan-trait-joint-meeting/100203080

The two countries issued a detailed joint statement in the aftermath of
the meeting touching on a wide range of issues, including Myanmar,
defence cooperation and tensions in the South China Sea and East China
Sea.

More European Firms Onshoring In China Than Offshoring, Complicates Biden’s Decoupling Plan

Comment by tonytran2015: This looks like a chaotic retreat by capitalists during which everyone is for himself.

https://www.nationandstate.com/2021/06/09/more-european-firms-onshoring-in-china-than-offshoring-complicates-bidens-decoupling-plan/
The European Union Chamber of Commerce in China published a new survey titled “European Business in China Business Confidence Survey 2021,” which stated European businesses are onshoring some of their supply chains and investing more in China. Out of the 585 European Chamber member companies operating in…

New Zealand Worried That China “Storm” On Horizon, Urges Diversity Of Exports

https://www.nationandstate.com/2021/05/26/new-zealand-worried-that-china-storm-on-horizon-urges-diversity-of-exports/

New Zealand officials have of late looked at their much larger Aussie neighbor and expressed concern that the island could soon find itself in the middle of a similar trade war with China and generally a target of Beijing’s wrath. New Zealand is…