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The United States is asking India to purchase up to $6 billion more in agricultural goods in exchange for Washington restoring tariff benefits under the Generalized System of Preferences, Reuters reported Jan. 24.
Authorities in the Chinese city of Wuhan have reported 136 additional cases of a disease akin to the SARS virus, bringing the total number of countrywide infections to 218, The Straits Times reported Jan. 21. The disease has claimed three lives so far.
China’s growing regional dominance is driving India to bolster its own economic, security and political ties in Southeast Asia. But unlike Beijing, New Delhi lacks the deep pockets or military might to pursue its “Act East” agenda alone.
The U.S. Treasury Department's currency manipulation report released Jan. 13 kept Singapore, Vietnam and Malaysia on its monitoring list. Thailand, meanwhile, wasn't included on the list, although the report said Bangkok was close to triggering key thresholds for being added.
In light of the Hong Kong protests, Taiwanese voters are expected to reelect their pro-independence government on Jan. 11 -- accelerating the island’s move away from mainland China, and into the open arms of the United States.
China is looking to gradually diversify its $3.1 trillion worth of foreign exchange reserves in 2020, according to a Jan. 5 statement by the State Administration of Foreign Exchange, the South China Morning Post reported Jan. 6.
The U.S. Defense Department is considering significantly reducing the number of U.S. forces in West Africa, including a possible total withdrawal, The New York Times reported Dec. 24, citing officials familiar with the deliberations.