China should swiftly ink code of conduct with Asean
OVER the last two weeks, China and the United States moved dangerously close to the brink of war for the first time in almost two decades, but the annual security forum in Singapore saw the two sides adopt a less hawkish, while still firm, stance on disputes in the South China Sea.
Last week, after the United States demanded that China permanently halt its land reclamation and construction work in disputed waters, the Global Times, a Chinese state-owned newspaper, warned that "war is inevitable" unless the United States stopped making such demands.
At the Shangri-La Dialogue in Singapore, US Secretary of Defense, Ashton Carter, repeated the demand for "an immediate and lasting halt to land reclamation", but made it clear that it applied not only to China but to "all claimants", which Beijing appreciated.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access