News Snapshot:
BEIJING (BLOOMBERG) - Chinese state media outlets have criticised the US over discussions for a digital trade agreement among Indo-Pacific economies, calling them a bid to protect American hegemony and the profits of tech companies. Agreements signed by the US "invariably serve the US' bid to defend its hegemony - a magic word incorporating security, values and interests - while to the signatory countries, these US-dominated agreements are more like shackles restricting trade and their freedom of cooperation," China Daily said in an editorial published online Tuesday evening (July 13). The English-language newspaper said that since Washington cannot decouple the...