Hungary is helping Europe kiss decoupling goodbye
With the visit of Xi Jinping to Paris and Budapest last week, it’s clear that Europe and China are not breaking up—and that France and especially Hungary are keys to a productive relationship.
Block 1 asian news
Unleashed bank deposits misused in Chinese economy
Chinese bank deposits in the trillions of renminbi were vitalized to leave the banking system last month but the money has not yet been well-used in the real economy.
Xi’s visit builds a crucial bridgehead into Europe
Chinese President Xi Jinping’s decision to visit France, Serbia and Hungary for his first European tour in five years was no random choice.
AI won’t save us but cybernetics could
Popular Chinese economist Lu Qiyuan recently claimed the US has four years to prevent a major political, social and financial crisis. It must do at least one of three things: implement structural political reform; prevent the dollar from losing its role as the global reserve currency; or create a new wave of economic growth driven by artificial intelligence (AI).
Biden’s waffling war stances miffing allies, losing votes
Trapped in a Gaza war predicament between the irreconcilable goals of Israel and Hamas, US President Joe Biden has taken a whiplash approach of trying to please one side on one day and the other the next.
China-Philippines near full diplomatic collapse at sea
MANILA – Escalating disputes in the South China Sea are entering a perilous new phase with the virtual breakdown in Philippine-China communication channels amid contradictory accounts of diplomatic negotiations aimed at preventing an armed conflict.
US, China in crucial race to put spying eyes in the sky
The US and China are locked in an escalating spy satellite race, with both sides tapping their respective commercial space sectors to gain a rapid launch edge.
Move over, Quad; the new Squad has landed
MANILA – As tensions rise in the South China Sea and the threat of a war over Taiwan becomes more palpable, the US Pentagon is stepping up its regional defense diplomacy in a potent challenge to China’s rising regional threats and ambitions.