China takes a dim view of Manila’s decision to grant the US access to four military bases. While the two allies have framed the arrangement as bolstering deterrence vis-à-vis China, such a move is unlikely to deter Beijing.

Beijing’s mediation of the historic rapprochement between Saudi Arabia and Iran is a sign that its much-vaunted Global Security Initiative (GSI) is working. The bigger challenge is bringing the GSI into action with respect to the war in Ukraine.