TOKYO (AP) — Former Malaysian Prime Minister Mahathir Mohamad criticized a brand new U.S.-led financial grouping on Friday, saying it’s intended to isolate China, and received’t profit regional financial progress with out Beijing.
U.S. President Joe Biden launched the 13-nation Indo-Pacific Economic Framework throughout a go to to Japan earlier this week. He stated it’ll assist the United States work extra carefully with Asian nations in areas together with provide chains, digital trade, clear vitality and anticorruption.
“The U.S. will always want to use groupings like this in order to isolate China,” Mahathir stated at a world convention in Tokyo. “Many countries recognize that this is not an economic grouping but it is truly a political grouping.”
The signatories are Australia, Brunei, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, the United States and Vietnam. Together they symbolize 40% of the world’s GDP.
“This is not good for their own economic development,” Mahathir stated of the nations within the grouping.
“China is a big trading partner for Malaysia, we don’t want to see any tension, any conflict with China and we hope that the U.S. will realize that China is there, it’s not going to disappear, and we have to live with China, which is now richer than most countries in the world,” he stated at “The Future of Asia,” a convention organized by Nikkei Inc.
Mahathir, 96, who served as Malaysia’s fourth and 7 prime ministers, was seen for a few years as a de facto spokesperson for much less developed nations and regularly criticized the West. He stays an influential determine in Malaysia.
He led an opposition coalition to a historic election victory in 2018 that ousted a corruption-tainted authorities within the first peaceable switch of energy since Malaysia’s independence in 1957.
Mahathir turned the world’s oldest chief at 92 however his rule lasted solely 22 months as his authorities collapsed due to infighting. Mahathir fashioned a brand new ethnic Malay celebration in 2020 to oppose the brand new management.
Ex-Malaysia PM: US-led trade group intended to isolate China & More Latest News Update
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