ASEAN

In an interview on CCTV-13’s “Leaders Talk”《高端访谈》programme first broadcast on 24 March, Singapore Prime Minister Lee Hsien Loong spoke about trust and mutual understanding in longstanding Singapore-China bilateral relations, and expressed the hope that both countries would take this forward in areas such as the Belt and Road Initiative, China-ASEAN relations, China's rise and US-China relations. The following are edited excerpts of the full transcript of the interview issued by Singapore's Prime Minister’s Office.

While China appears to be getting further embroiled in the Russia-Ukraine war on the side of Russia and may seek to influence close ally Cambodia to follow suit, the latter does not seem to be easily swayed.

As the war in Ukraine enters its second year, Zaobao’s associate editor Han Yong Hong takes a look at the impact of the conflict on Asia, including in the Taiwan Strait. Beijing’s response will be crucial.

In the event of hostilities in the Taiwan Strait, Southeast Asian countries will face a difficult dilemma. Their latitude for manoeuvre will be limited, particularly as the Philippines, a key ASEAN member and a US treaty ally, prepares to provide base access to the US in such a contingency.

Caixin sat down for an exclusive interview with Malaysia’s new Minister of International Trade and Industry Tengku Zafrul Aziz on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, in January. He spoke about Malaysia's and ASEAN's relations with China, and his thoughts on regional and global trade.

For years after the Cold War, given its military dominance, the US saw itself as instrumental to maintaining an “Asian peace”. With that mindset, the more it perceives China as a threat to its Asian primacy, the more it will be on the defensive. In truth, Asian peace was achieved through various efforts, and Asia-Pacific countries all have a stake in seeing it maintained.

Zaobao’s associate editor Han Yong Hong notes that amid the US’s strong response to the recent incident of a Chinese balloon intruding into US airspace, there are other more pressing issues at hand, whereby the US and China need to communicate and cooperate. Both sides will need to keep their focus and work out their priorities.

If ASEAN can’t tango with China or the US, who else? Pragmatic as always, ASEAN’s favourite choices for hedging partners remain the EU and Japan but attention appears to have also fallen on India as its third choice this year.

The RMB is now one of the most actively traded currencies in the world and is set to gain further traction globally this year, as the People’s Bank of China implements the government’s strategy to boost the currency’s use overseas, challenging the dominance of the US dollar in the long term.