THe importance and influence of Asia Pacific Business and their Essay

THe importance and influence of Asia Pacific Business and their implications for Australia - Essay ExampleToday, they argon a force to be reckoned with whether for their economical labor force or for the nuclear tests they are carrying turn out or the technological developments taking place in these countries. The western superpowers cannot afford to ignore these countries at whatever costA major factor that has influenced half the worlds thinking, policies and decisions is the Sino-US bilateral relations. This area has been going through evaporable changes as and when the political leaderships changed in both the countries. When George Bush came to power in 2001, on that point were rumors of a refrigerating War between the US and china. Serious tensions were sparked between the US and china on various issues. First, there was the issue of a collision of a Chinese fighter with an the Statesn spy plane and wherefore it was the designation of Taiwan by the US and Japan as a com mon strategic objective. China was certainly not happy with Americas open opposition to lifting the EUs arms embargo on China. China was progressively being viewed by the US as a military competitor with a formidable mental imagery home base. The Peoples Republic of China (PRC) was perceived as a military competitor with formidable resource base5 by the US.Post the 9/11 attacks, however, there has been a subtle shift in the way the two countries view each other. China condemned the bombings in a mild tone however pledged its whole-hearted support to the US in fighting terrorism. China seemed to have taken a softer carry towards American policies and supported its war against terrorism. Beijing has supported counter- terrorism resolutions passed by the UN Security Council and the UN General Assembly. China has been cooperating in the USs efforts in combating the evil of terrorism, both in its own country and at a globose level.The past four years have seen sweeping changes in t he bilateral relations between the US and China. By providing useful information on radical Islamic groups, it has resumed intelligence- sharing activities that had remained dormant since the end of the Cold War6. term China had not been actively involved in any military action against Afghanistan, it endorsed American discussion there, thus, reflecting a softening of its attitude towards the US. China has pledged to contribute US$150 million towards the reconstructive memory of Afghanistan. It is also supposed to have played an important role in encouraging close retainer Pakistan to support American efforts in Afghanistan. Just as significant is Chinas lack of resistance to Washingtons forcible attack of Iraq and removal of Saddam Hussein. The present period of improved relations between the two countries is being referred to as the honeymoon period. Political analysts feel that the honeymoon period in the US-Sino relations is expected to last longer as there is a deeper combi nation of economic, political and strategic considerations underlying it. perceptions and motivations. With the hosting of the Olympics in 2008, it is assumed that Beijing allow assume its rightful place in the worlds powers. Thus, it would be eager to avoid any confrontation with America that could jeopardize its preparations for the event.Chinas refusal to adjust its undervalued currency, which has been pegged to the US$ since 1994 and Americas ballooning trade deficit with China which