Under the Biden administration the US continued escalating the economic and geopolitical frictions with China. At the recent G7 Summit in Carbis Bay, President Biden sought to rally a “united front” against China with traditional G7 allies and new ones such as Australia, India, South Korea, and South Africa and rebuked China on economic policies, human rights, and tensions in the East and South China Seas. The US also persuaded its G7 allies to back a massive infrastructure support package for developing countries. The so-called Build Back Better World Partnership (B3W) is a de facto rival to China’s Belt and Road Initiative (BRI). But it is far from obvious what the West stands to gain by emulating China’s exorbitant and highly controversial modern “Silk Road” venture.
If the US Wants to Beat China, Why Is It Copying China s Socialism?
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Diyarbakır da su için 21 proje hayata geçiyor
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MINISTER: Peggy Serame
A total of 10 951 jobs were created last year against a target of 11 400 that was set.
This was revealed by the Minister of Investment, Trade, and Industry, Peggy Serame during a media briefing on Tuesday.
Highlighting her ministry’s achievements in the past year, Serame noted that the ministry was able to attract a total of P773.56 million in Foreign Direct Investment (FDI) between April 2020 and December 2020.
This was short of the annual target of P2.3 billion in FDI while Domestic Investment amounted to P1, 816 billion, still short of the annual target of P3.5 billion.
Due to the outbreak of the COVID-19 pandemic, Serame said the ministry departments, as well as parastatals, were also not able to achieve their targets having facilitated just 532 start-ups against a target of 1, 015.