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There had been no delays or bottlenecks in the construction of the new carrier, Yuan said. His comments were the first confirmation of China’s efforts to build its fourth aircraft carrier, commonly known as the Type 004.
The focus of the summit’s participants was more on processes than outcomes, Yeo said. While other multilateral forums might cover many of the same issues, the democracy summit was one of the few vehicles with the stated goals of advancing democracy, he added.
The Southeast Asian nation placed no new major orders last year, according to figures released last week by the Stockholm International Peace Research Institute defence think tank – despite it having an estimated annual weapons-procurement budget of more than US$1 billion.
The US announced last week it would halve the number of submarines to be built next year, throwing its commitment towards Australia in their supply agreement into doubt.
During a meeting on Monday with his New Zealand counterpart Winston Peters at the start of a tour that will also include Australia, Wang said his side was willing to work with New Zealand to deepen trade and economic ties and address climate change.
A proposed Philippine port in Batanes, sitting astride the strategic Luzon Strait, would be of high geopolitical importance to both Washington and Manila with or without a Taiwan conflict, according to analysts.
Analysts say China’s move may not comply with international maritime conventions, adding that Beijing’s “creeping” encroachment shows that it is aiming to assert greater control over an important body of water.
Uncertainty over the next Quad leaders’ meeting after their previous summit in May has sparked concerns about a possible reduction in US presence in the Asia-Pacific and the future of the four-member bloc with the “wind coming out of its sails”.