Asian Trade Deal: Prelude to war?
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On November 15, China signed the world’s largest “free” trade agreement with 14 other Asia-Pacific nations. Beyond reducing tariffs and easing barriers to capitalist investments, the trade deal represents a giant step toward fascism and global war between China and its imperialist arch-rival, the U.S.
The Regional Comprehensive Economic Partnership (RCEP) “covers almost one-third of the world’s population and about one-third of its gross domestic product” (South China Morning Post, 12/1). The new alliance includes all 10 members of the Association of Southeast Asian Nations, China’s top trading partner. It also draws four traditionally U.S.-leaning countries more deeply into China’s orbit: Japan, South Korea, Australia, and New Zealand. By strengthening ties with its neighbors, China will be less vulnerable to U.S. sanctions. Along with the Belt and Road Initiative, the gigantic Chinese infrastructure project of trains, roads, and gas and oil pipelines, the RCEP gives China tremendous leverage over poorer debtor capitalist bosses.