India votes, China GDP and Germany's Scholz meets Xi in Beijing
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Welcome to Your Week in Asia.
The three leaders expressed “serious concerns” about China’s “dangerous and aggressive behaviour” in the South China Sea, a conduit for more than US$3 trillion of annual ship-borne commerce with various maritime disputes among China and other countries.
The issue will be a focus of trilateral meeting between US President Joe Biden, Philippines President Ferdinand Marcos Jnr and Japan Prime Minister Fumio Kishida in Washington on Thursday.
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“We can’t continue to be like this. Some people have this wrong notion that we just sit back and nothing will happen to us. We may wake up one day, and we won’t have a country any more,” Romualdez warned.
Observers have also speculated that the main reason behind the two-day summit is to strengthen maritime defensive efforts to counter China’s increasingly aggressive actions in the Asia-Pacific.
Mangantar Simon Hutagalung is a former Indonesian Foreign Ministry official.
The People’s Bank of China is giving a whole new meaning to “monetary science.” Asia’s biggest economy’s central bank is devising a program to provide as much as 500 billion yuan (US$69 billion) to support innovation in science and technology.