When it comes to infrastructure, the world does not need competing schemes. It just needs more funding. Moreover, Joe Biden is facing a congressional battle over his domestic infrastructure plan and is unlikely to win support for infrastructure building overseas.
A new report that takes a holistic view of the China challenge acknowledges the Chinese dream as a driving force behind Beijing’s strategic decisions. Biden and his team should take note, and direct their attention to rebuilding America.
As Joe Biden visits the UK, he and Boris Johnson will discuss global challenges, including China and Russia, as well as bilateral issues like a trade deal, which would be a significant victory for Johnson’s ‘Global Britain’ agenda.
The deal for a global minimum corporate tax rate struck by the G7 sets a low threshold to assuage developing countries’ concerns while the global apportionment of profits will enable high-tax jurisdictions to recoup some of their lost revenue.
While Asean policymakers welcomed Biden’s election, four months into his presidency, Southeast Asian nations feel they have been largely frozen out. In contrast, Chinese leaders have maintained robust communications with their regional counterparts.
The ugly reality is that many Americans are prejudiced. The past year has made it abundantly clear how difficult it is for Asians like me to feel they belong in the US, no matter how long they have lived here.
Joe Biden is pulling the plug on the Afghanistan conflict, but unwisely taking a hard line against China. The situation around the East and South China seas is making the world nervous, and Beijing, for its part, must not misread Washington.
Doing so could help China retain multinationals spooked by the trade war and rising business costs, attract more FDI, and bolster the country’s competitive edge in global supply chains, writes Wang Xiangwei.
The violence took place in a regional context marked by a sudden reversal in US policies towards Israel and the Middle East. There is every reason to believe the ceasefire will strengthen relations between Israel and moderate Gulf states.