He signed this, which is a huge blow to US prestige, and a huge gain for pan-Asian economic integration.
China-Japan Currency Deal Points Way to New Monetary Order: View - Bloomberg
I agree. Mainland China can learn from Taiwan traditional Chinese culture, and learn from Hong Kong how to interact with the West without being taken advantage of.
Actually, Taiwan has
only just now successfully run an election like the developed world. Until
very recently, Taiwan "democracy" was just a mess -- legislative fist-fights, fake gunshots, real gunshots, vote buying..... a perfect example of why Chinese are not ready for liberal democracy.
We can conclude from Taiwan's transformation that Chinese people are not ready for liberal democracy until GDP / capita reaches the same level as Taiwan today ($21,832). Back in the days of Chen Shui-Bian, when Taiwan politics was a total mess, the GDP / capita was ~$13,000.
Today, Shanghai's GDP / capita is $11,238 and Beijing's GDP / capita is $11,218. When Beijing and Shanghai's GDP / capita reaches ~$22,000, then it's time to offer local elections. Assuming China keeps growing rapidly, this will take ~10 years.
Today, China's GDP / capita is $5,184. When it reaches ~$22,000, then it's time to offer national elections. Assuming China keeps growing rapidly, this will take ~25 years. So, China will be ready to be a liberal democracy around 2037.