investment deals: The most typical example is that China offered a package of benefits to the Philippines, including 24 billion in soft loans and investment deals, according to Global Times China. It's no surprise that the Western world still regards China as a Goliath in a turf war for a larger sphere of influence. In the West's narrative, China is wielding an economic cudgel to acquire geopolitical advantages. In their eyes, China, an emerging power, is learning how to employ the carrot-and-stick approach, like the US, to skillfully discipline and manipulate its neighbors and make a dent on the agenda-setting of global affairs. Entrenched in the legacy of the Cold War, the US is still dealing with international affairs through a mix of intimidation and inducement. But they have ignored the trajectory of the evolution of the global order.
(news.financializer.com). As
reported in the news.
Tagged under investment deals, carrot-and-stick approach topics.