International trade order is at risk due to multiple factors intertwined together, which will bring more uncertainties to global economy. On one hand, the international trade order is now directed by three major voices.
Recently, more and more Japanese companies have taken actions that show their positive attitude about participating in the Belt and Road (B&R) initiative, and Japanese leaders have also made some positive gestures. It seems that Japan's participation in the B&R initiative will open up new space for China-Japan economic cooperation and create new growth points.
US Secretary of State Mike Pompeo announced $113 million in new US investments in technology, energy and infrastructure for the Indo-Pacific region Monday. "These funds represent just a down payment on a new era in US economic commitment to peace and prosperity in the Indo-Pacific region," Pompeo said.
African officials and scholars have hailed the role of China-proposed Belt and Road Initiative in fostering connectivity, thereby accelerating integration and economic diversification on the African continent.
