Business

Singapore warns of US-China ‘escalating spiral’

According to Singapore’s foreign minister, the continued lack of strategic trust between the US and China could create an “escalating spiral” leading to the possibility of mistakes between the two countries at a time of high tensions. broadcast to Taiwan.

“The key element missing from this relationship, from the point of view of an unfriendly third country, is the lack of strategic trust between the United States and China,” Vivian Balakrishnan said Friday at New York at an event organized by the Asia Society. , according to prepared comments. “I think the ultimate focus of this issue is the Taiwan Strait, where there is a red line for Beijing.” Singapore warns of ‘escalating spiral’ between US and China amid ‘strategic lack of trust’

Balakrishnan said he has observed on four separate trips to China in the past year that “attitudes have become more assertive” there, with strong and growing nationalism and actions. muscle” than to protect international interests.

“As China’s economic and strategic influence grows, they also feel vulnerable,” he said.

Other highlights from Balakrishnan’s speech:

  • “There cannot be good outcomes for us in Asia if our countries are forced into two camps with a line in between.”
  • Regarding the Indo-Pacific Economic Framework, he said it was “very careful to avoid any mention of market access. But anyway, to the extent that it reflects Americans’ recognition that there are opportunities across the Pacific and to stay engaged – that’s a positive thing. Singapore will fully stand in this endeavour. But you need to do more – that’s the message. “
  • “Foreign policy and trade policy start at home. You must embark on the necessary reforms and invest in your domestic capabilities. You need to build social and political capital, then confidently engage and re-engage the world. That was my throw.”

Register Fortune feature email list so you don’t miss our biggest features, exclusive interviews and surveys.

Source link

news5h

News5h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button