U.S. Vice President Kamala Harris is assuring Asian leaders “the United States is here to stay” as she pitches Washington as a reliable economic partner committed to the region and its prosperity. kamalaharris kprc2 click2houston world
Following that meeting, he said there"need not be a new Cold War” between the two nations, while underlining that when it came to China, the U.S. would “compete vigorously, but I'm not looking for conflict.”
One case that observers have cited as a cautionary tale is that of Sri Lanka, which has been mired in an ongoing economic crisis.over the past decade for infrastructure projects that have failed to earn enough revenue to pay for the loans. The resulting debt has contributed to the country's economic problems even though China was not its biggest creditor.
Harris also highlighted Washington's Indo-Pacific Economic Framework launched earlier this year, which she said now encompasses a group of economies representing 40% of the global GDP who are “dedicated to equitable growth and high environmental and labor standards,” as well as strong private sector partnerships.
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