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Distorting the digital economy

Daryl Guppy
Daryl Guppy5/26/2022 11:10 PM GMT+08  • 5 min read
Distorting the digital economy
US President Joe Biden with Japanese Prime Minister Fumio Kishida during a summit meeting in Tokyo on May 23. Biden has spent the past week reaching out to the region / Photo: Bloomberg
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U S President Joe Biden has spent the past week reaching out to the region, intent on expanding US influence. Next week, Chinese Foreign Minister Wang Yi will reach out to much of the South Pacific, intent on expanding Chinese influence.

Those in business cannot ignore these efforts at influence because they impact how we do business and who we do business with.

Biden’s trip followed the meeting with Asean leaders in Washington. At this meeting, he offered a US$150 million ($206.5 million) commitment to a US$3 trillion Asean economy, which is an indication of the depth of his understanding of the region and US priorities.

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