dtd777 China Says It Offers Stability as Trump Sows Chaos. The Reality Is Complicated.

China’s top diplomat, Wang Yi, cast his country as a bulwark for peace and stability in a world thrown into chaos by the Trump administration. He warned of a return to the law of the jungle if more countries act like the United States in pursuing its own interests above all else.
As the Trump administration upends global trade relations and threatens to abandon alliances, China is trying to burnish its image at home and abroad and take swipes at Western dominance. “We will provide certainty to this uncertain world,” Mr. Wang told reporters in Beijing on Friday.
folclorejogoYet Mr. Wang’s depiction of China’s role conveniently downplayed the frictions it, too, has caused. Chinese industrial policy has flooded the world with Chinese goods and fueled massive trade imbalances. China’s air force menaces the self-governed island of Taiwan on a daily basis. Its navy has held live-fire exercises near Australia and Vietnam.
On Friday, however, China pointed the finger at the United States, which has withdrawn from international groups and pacts like the World Health Organization and the Paris climate agreement. The Trump administration has also unsettled its allies by threatening to take Greenland and apparently taking Russia’s side in its war on Ukraine.
“Great powers should shoulder their international obligations and fulfill their role as great powers,7jogos slots” Mr. Wang said. “They should not be profit-oriented, let alone bullying.”
It often takes the market a day or two to determine its path after a big event like the Fed decision, and stocks had wobbled in the immediate aftermath of the rate cut Wednesday afternoon before optimism took hold in the markets overnight.
The downward drift in rates toward 6 percent is “reviving purchase and refinance demand for many consumers,” Sam Khater, Freddie Mac’s chief economist, said in a statement.
He made no mention of China’s own muscle flexing, which has fueled tensions in the region. Chinese Coast Guard ships, for instance, enforce Beijing’s disputed claims to wide swaths of the South China Sea by sometimes ramming and swiping Philippine vessels. (Mr. Wang described China’s activity in the region as defensive and portrayed the Philippines as a Western pawn.)
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