In blow to U.S. alliance, South Korea’s foreign minister assures China on THAAD, Japan ties

U.S. President Donald Trump meets with South Korean President Moon Jae-In at the Blue House in Seoul on Nov. 7. / AP

 

South Korean Foreign Minister Kang Kyung-Wha, in a bow to China, has said Seoul will not seek any more deployments of the U.S. THAAD missile defense system.

Kang also assured that the South will not join the U.S. missile defense networks nor seek a trilateral alliance involving Japan, Yonhap reported on Nov. 10. Continue reading

China reaps harvest from Russia sanctions

China is gaining an edge in energy deals with Russia as Moscow faces sanctions pressure from the conflict in Ukraine.

The latest energy accords announced in Beijing on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit suggest that China is increasing its access to Russian resources while resisting demands for more favorable financial terms.

At a signing ceremony on November 9, Presidents Xi Jinping and Vladimir Putin sealed a memorandum of understanding for a second Siberian gas pipeline on a western route that Russia has promoted unsuccessfully for years.

The preliminary commitment to the project known as the Altai pipeline, named for a remote Russian border region, follows an agreement in May on an eastern Siberian gas line to supply China’s coastal cities and industrial northeast. Continue reading

Xi Jinping tells whole world Beijing will soon crush Hong Kong protests

President Xi Jinping has taken advantage of the global attention that has been focused on Beijing during the Asia-Pacific Economic Cooperation (APEC) conference to vow that the Occupy Central Movement in Hong Kong will soon be crushed with force.

At a joint press conference with President Obama after a China-U.S. summit held on Nov. 12, Xi, who is also Communist Party General Secretary, said the Occupy Central campaign in Hong Kong was “illegal” and that “we resolutely support the government of the Special Administrative Region to handle [the crisis] according to law so as to uphold social stability in Hong Kong.” Continue reading

APEC sees China make progress in Silk Road initiatives

China and Pakistan signed several agreements on the sidelines of the recent Asia-Pacific Economic Cooperation (APEC) Summit in Beijing, including the further development of Pakistan’s Gwadar Port, which is expected to become an important part of China’s plans to build new Silk Roads, Guangzhou’s 21st Century Business Herald reports.

China began investing in Gwadar Port on the southeast coast of Pakistan in March 2002 and it is set to become a key hub for goods to be delivered to China both by sea and land routes in the future, the paper said.

This is because China and Pakistan are building an economic corridor between the two countries which includes the construction of highways, rail links, oil and gas pipelines and communication fiber optic cables. Continue reading

US makes ‘fatal mistake’ driving China and Russia closer: Duowei

There’s more at risk than economic consequences, which is why it’s recommended to read JR Nyquist’s ‘One Clenched Fist‘ article.

 

The United States is making a “fatal mistake” by antagonizing both China and Russia and forcing the two primary opponents closer together, says Duowei News, a US-based Chinese political news website.

Washington turned against Moscow following the start of the Ukraine crisis in February this year, leading the European Union and Japan in imposing heavy sanctions against Russia. The increasing distrust between the two countries has been apparent, with Russian president Vladimir Putin and US president Barack Obama coming into contact for only 20-30 minutes during the Asia-Pacific Economic Cooperation (APEC) leaders summit in Beijing last week, with neither leader having much to say to the other.

America’s relations with China have also been strained. Beijing remains wary of Washington’s “return to Asia” strategy, which Beijing views as a means to control China’s rising power and influence. With the US unable to counter China’s rising economic power, Washington has turned to geopolitical measures, backing Japan and strengthening ties with the Philippines while also trying to entice Vietnam and India — all countries embroiled in territorial disputes with China. Beijing has not backed down, unilaterally announcing an air defense identification zone in the East China Sea that covers islands disputed with Japan last November. Continue reading

Beijing deploys new laser weapon for extra APEC security

China will deploy a laser weapon capable of shooting down low-flying objects to boost security at the Asia-Pacific Economic Cooperation (APEC) summit in Beijing starting this week, reports our Chinese-language sister paper Want Daily.

Co-developed by the China Academy of Engineering Physics, the “Low Altitude Sentinel” has a protection range of 12 square kilometers and can shoot down small aircraft within a 2km radius within five seconds of detecting its target. Continue reading

Xi Jinping pushes his Taiwan policy

With the US in suicidal free-fall, China knows now is the time for charm diplomacy. All it has to do is point the finger in America’s direction to show that it’s not a reliable partner, that China is able to push American military out of the Asia Pacific with its missile technology. Taiwan, as well as the Koreas and Japan will shift towards an Asian bloc/union with China being the umbrella protectorate. It’s better to join the team if, without US backing, you can’t beat them.

 

Chinese president Xi Jinping, who is also the general secretary of the Communist Party of China’s Central Committee, said during his speech on Sept. 26 that “one country, two systems” is his country’s formula for Taiwan’s future, triggering heated debates in Taiwan.

In a speech delivered during a meeting with a Taiwanese delegation composed of the island’s pro-reunification groups, Xi spelled out China’s bottom line on the Taiwan issue before the fourth plenary session of the 18th Communist Party of China (CPC) Central Committee, slated to be held from Oct. 20 to 23.

Xi espoused the “one country, two systems” proposal for unification, mainly based on his judgments of CPC power, China’s role in foreign relations, and the situation in Taiwan. Continue reading

The potential role of the Asian Infrastructure Investment Bank

China’s president, Xi Jinping, announced the creation of an Asian Infrastructure Investment Bank (AIIB) just before the October 2013 APEC meeting in Bali. If the new bank is managed professionally to finance commercially viable investments in economic infrastructure, it can begin to correct a very significant failure of global financial markets.

There is room for a new development bank, specialised in financing large-scale economic infrastructure on commercial terms, working alongside existing multilateral development banks, including the World Bank and the ADB. These well-established institutions have the expertise to lend a lot more for infrastructure, but have moved in a different direction. Net lending by multilateral development banks on commercial terms has been negative in five of the last ten years, including 2011 and 2012. The World Bank and the ADB are now focusing on concessional lending and knowledge sharing with low-income countries, leaving an important niche to be filled by a new financial institution. Continue reading