Sat, Jun 09, 2018 - Page 9 News List

Asia sees China and US as threats to rules-based order

Faith in US Secretary of Defense James Mattis’ reassurances is increasingly not enough in the face of trade tariffs

By Marc Champion  /  Bloomberg

China’s Belt and Road Initiative involves spending as much as US$1.3 trillion by 2027 on railways, roads, ports and power grids, Morgan Stanley estimates.

“We will not, should not, try to match China dollar for dollar, but we do need to come up with more creative solutions to help these countries develop, in non-predatory ways,” said US Representative Mac Thornberry, a Republican lawmaker who also attended the Singapore conference.

Still, the Texas congressman thought events were starting to tip in favor of the US and its allies, as concerns over Chinese behavior rise.

On a visit to the Philippines, he said that he had found people extremely concerned about China, although cautious about speaking out.

“I don’t know specifically where it will lead, but more and more nations who believe in freedom of the seas are coming together and are alarmed at where this is headed,” Thornberry said.

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