China by implementing the “Trojan Horse” strategy has so far successfully bypassed the obstacles set by the US and the European Union to remain in the Western market to continue developing technologically. Through third countries that have unrestricted access to the American and European markets, Beijing acquires the products it needs and at the same time funnels large funds that no one can refuse. The Financial Times recorded in its online edition the Chinese practices and one of them is companies moving their headquarters outside of Chinese territory. For example, Singapore and Vietnam are frequent bases in Asia because both are members of the Regional Comprehensive Economic Partnership (RCEP), a group of 15 countries in the Asia-Pacific region that accounts for about 30% of global GDP. In addition, both have long-standing bilateral free trade agreements with the US. “Setting up in Singapore has a number of benefits for a Chinese company. If we operate from China, we hit a wall […]
Source: News Beast
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