World Economy gravitates more towards China

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Mongolia: Political analysts stated that the European Union’s position on the United States has become more severe, especially after its agreement with China on the principles of a landmark investment agreement, while the United States criticizes the relationship of China and the European Union in light of the recent oppression China practice against the Uighurs and ethnic minority in China, adding that several major countries started making agreements among themselves on how to communicate with China in a new environment and create a cold front on the relationship between China and the European Union.

Global economic reports indicate that the Corona pandemic has tightened its grip on many countries with prominent economies, but it has made the Chinese economy brighter; meanwhile, a recent European Union report criticized Beijing for “the little progress” regarding the economic promises made by the Chinese leadership, especially about opening digital and agricultural markets, addressing excessive steel energy and curbing industrial subsidies, calling for “additional and strong” measures to be taken to deal with the new challenges China poses, whose economy is recovering from the Coronavirus pandemic at a rapid pace.

Otgonchuluun a Researcher and Economist said, “The EU and China have agreed upon the principles of a landmark investment agreement even after America’s new president, hasn’t changed the attitude towards the EU from America. The attitude has increased to be more severe that differs from EU expectations after Americans have gained the new president. What pressure does America show on the EU? America criticizes how the EU creates a relationship with China including only Political and economical point view while secluding the nationwide crackdown against Muslim Uyghurs in the region of Xinjiang.”

Bayasgalan a Political researcher said, “Most of the European countries including France and Germany started making excuses for the recently acquired power of China. The shift in international relations and environment has ceased to have many parts instead they started collaborating against a new shift in power. Southeast Asian countries like Japan, India, Australia, and the USA united in QUAD and started making agreements among themselves on how to communicate with China in a new environment. This new movement starts creating a cold front on the relationship between China and the EU. As a result, Mongolian democracy is being threatened as China makes moves toward making lives of Ethnic minority like Muslim Uyghurs unbearable, people in EU sees Chinese intention towards other bordering countries as a future threat.”

Source: A24 News Agency