China’s diplomacy budget grows while trade deal outlook narrows

Source: China – South China Morning PostGone is any mention of economic cooperation with the United States and the European Union. Gone, too, is any reference to a trade with Japan and South KoreaInstead, this year’s government targets for diplomacy are largely limited to the Asia-Pacific trade agreement known as RCEP and China’s intercontinental Belt and Road Initiative.But there was some good news for China’s diplomats, with moderate growth earmarked for diplomacy spending.Delivering his annual work report to national legislators…Read More

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