U.S. President Joe #Biden unveiled the Indo-Pacific Economic Framework (IPEF) on Monday, involving 13 nations in the region, but with apparently little trade benefits guaranteed. The #IPEF is seen as an effort to raise America's economic profile and draw up a so-called counterbalance to China within Asia. For his part, Chinese Foreign Minister Wang Yi said the the U.S. Indo-Pacific strategy does indeed seek to form cliques in an attempt to back China into a corner, a widely shared view in the region. What are the chances Biden's Indo-Pacific Economic Framework will succeed? #China
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