November 5, 2021
2 mins read

Xi pledges resolve to join CPTPP to undermine US

Xi promised that China will maintain its commitment to economic globalization that is more open, inclusive, balanced and beneficial for all….reports Asian Lite News

Chinese President Xi Jinping on Thursday pledged to make its domestic market open and reiterated its resolve to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in order to undermine the role of the US in championing free trade.

Speaking via a video link to the China International Import Expo, a six-day trade fair that opens to the public Friday in Shanghai, he stressed that since China acceded to the World Trade Organization two decades ago, the country has cut its overall tariff rate to below the level set in its accession commitment, reported NHK World.

The expo will bring together businesses and other entities from more than 120 countries and territories.

Xi promised that China will maintain its commitment to economic globalization that is more open, inclusive, balanced and beneficial for all. He added China will actively participate in the CPTPP, reported NHK World.

In September, Beijing applied to take part in the trade accord, which encompasses 11 countries, including Japan, Australia, New Zealand and Singapore. The United States is not a signatory to the pact, though Washington was the brainchild of the deal.

Analysts say Xi sought to underscore his stance on international cooperation in contrast with other countries, such as the US, that are perceived to be taking protectionist policies, reported NHK World.

China slams Pentagon report

China has said that the recent report released by the Pentagon is full of prejudice and disregarded facts that claimed Beijing is rapidly expanding the number of its nuclear delivery platforms.

A new Pentagon report on Wednesday revealed that China is constructing the infrastructure necessary to support its nuclear expansion over the next decade.

Chinese Foreign Ministry’s spokesperson Wang Wenbin said that the US hyping up China’s “nuclear threat” is nothing but a trick to manipulate words and confuse the public which the international community is fully aware of, according to Global Times.

The Pentagon’s report titled “Military and Security Developments Involving the People’s Republic of China (PRC) 2021”, said that “the accelerating pace of the PRC’s nuclear expansion may enable the PRC to have up to 700 deliverable nuclear warheads by 2027. The PRC likely intends to have at least 1,000 warheads by 2030, exceeding the pace and size the DoD projected in 2020.”

China is investing in, and expanding, the number of its land-, sea-, and air-based nuclear delivery platforms and constructing the infrastructure necessary to support this major expansion of its nuclear forces, according to the report which was released on Wednesday.

China has possibly already established a nascent “nuclear triad” with the development of a nuclear-capable air-launched ballistic missile (ALBM) and improvement of its ground and sea-based nuclear capabilities, the report read. (ANI)

ALSO READ: US could defend Taiwan from China: Gen Milley

Previous Story

Sugar costs more than petrol in Pakistan

Next Story

‘China won’t try to attack in Tsai’s term’

Latest from -Top News

India Gains Malaysia’s Backing on Terror

The visit of the all-party delegation to Malaysia is part of India’s strategic outreach to garner international support against cross-border terrorism emanating from the soil of Pakistan….reports Asian Lite News An Indian

Hasina Charged with Crimes Against Humanity

The charges, which were made public on Sunday, mark a significant turn in the political landscape of Bangladesh…reports Asian Lite News Former Bangladesh Prime Minister Sheikh Hasina has been formally charged with

180 Years of Indian Roots in Caribbean

The Indian Arrival Day is marked on 30th May, when the first ship ‘Fatel Razack’ carrying 225 Indian indentured workers reached the shores of Trinidad, then a British colony….reports Asian Lite News

Call to Greylist Pakistan Over Terror Links

Freddy Svane, the former Danish Ambassador to India, said that it is high time for the world to acknowledge that Pakistan remains the epicentre of terrorism in the region….reports Asian Lite News

Colombia backs India on terror

The change in tone from Colombia is seen as diplomatically significant, especially given its forthcoming role as a non-permanent member of the United Nations Security Council (UNSC). In a diplomatic correction welcomed
Go toTop

Don't Miss

China silent on possible PLA Navy submarine accident

The hybrid submarine in question was a first-of-class Type 041,

The World isn’t big enough for China  

Experts cautioned that China is building advanced military space capabilities,