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Chancellor Olaf Scholz of Germany tried to strike a delicate balance on a trip to China this week, promoting business ties with his country’s biggest trading partner while criticizing its surge of exports to Europe and its support for Russia.
On Monday, Apple announced on its Vietnam website that it would “increase spending on suppliers” in the country, adding that such expenditure has reached nearly 400 trillion Vietnamese dong (US$16 billion) since 2019.
Dispersed over 2,000km (1,240 miles), home to around 750,000 people – a quarter of them living in poverty – and increasingly coveted for its position in the southwestern Pacific Ocean, the Solomon Islands is wooed by China and the US as a potential ally.
The central premise is logical. They contend that Beijing seeks to exhaust Washington by taking contrary positions – or simply declining to act at all – on Ukraine, the Middle East, the Red Sea or any other locus of international conflict in which the US has a stake.
Antonio Carpio, a former associate justice of the Supreme Court, told reporters on Friday that Duterte’s “status quo deal” has in effect given China control over the Second Thomas Shoal – a maritime landmark in the South China Sea where Manila grounded a WWII-era vessel, the BRP Sierra Madre, to strengthen its claims over the surrounding waters.
The Chinese economy grew strongly in the first three months of the year, new data shows, as China built more factories and exported huge amounts of goods to counter a severe real estate crisis and sluggish spending at home.
The US-China tech competition is unlikely to slow down in the near term, particularly with the arrival of rapidly maturing commercial artificial intelligence. Though not without risk, even the most nascent AI applications hold significant promise for countries able to effectively develop and integrate their potential to support national goals.
