Mongolia – World Economy gravitates more towards China
Political analysts stated that the European Union’s position on the United States has become more severe, especially after its agreement with China on the principles of a landmark investment agreement, while the United States criticizes the relationship of China and the European Union in light of the recent oppression China practice against the Uighurs and ethnic minority in China, adding that several major countries started making agreements among themselves on how to communicate with China in a new environment and create a cold front on the relationship between China and the European Union. Global economic reports indicate that the Corona pandemic has tightened its grip on many countries with prominent economies, but it has made the Chinese economy brighter; meanwhile, a recent European Union report criticized Beijing for “the little progress” regarding the economic promises made by the Chinese leadership, especially about opening digital and agricultural markets, addressing excessive steel energy and curbing industrial subsidies, calling for “additional and strong” measures to be taken to deal with the new challenges China poses, whose economy is recovering from the Coronavirus pandemic at a rapid pace.
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