Australia will not be deputy sheriff in US-China tensions, Morrison declares

By Rob Harris and Anthony Galloway

November 23, 2020 — 8.00pm

Prime Minister Scott Morrison says Australia’s pursuit of its national interests on the world stage has been wrongly interpreted as siding with the United States over China, declaring his government will not make a “binary choice” between the superpowers.

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Trump’s US investment ban aims to cement tough-on-China legacy

The Guardian

Move is latest chapter in deteriorating relationship with Beijing and improvement under Joe Biden is unlikely

Donald Trump

Foreign policy analysts believe Trump wants to leave a tough-on-China legacy while simultaneously conducting a ‘scorched earth’ policy on his way out of the White House. Photograph: Saul Loeb/AFP/Getty Images

Helen Davidson in Taipei @heldavidson Mon 23 Nov 2020 10.52 GMT

Donald Trump has banned US investment in a further 89 Chinese companies, and reportedly sent a navy admiral to Taiwan, as he seeks to secure a tough-on-China foreign policy legacy.

Multiple media outlets have reported plans by the Trump administration for a series of confrontations with China before Biden’s inauguration on 20 January, and the moves were largely expected. Foreign policy and political analysts believe Trump wants to leave a legacy of being tough on China, while simultaneously conducting a “scorched earth” policy on his way out of the White House.

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USS Barry returns to the South China Sea

By: Lt.j.g. Samuel Hardgrove, USS Barry, cpf.navy.mil

Posted November 21, 2020

USS Barry (DDG 52) transits waters of the Taiwan Strait, Nov. 20. (U.S. Navy/MCSN Molly Crawford)

SOUTH CHINA SEA – After conducting its fourth routine transit through the Taiwan Strait this year, Arleigh Burke-class guided-missile destroyer USS Barry (DDG 52) returned to South China Sea, Nov. 21, to conduct maritime security operations and promote peace and stability in the region.

“A continued presence in the South China Sea is vital in maintaining a free and open Indo-Pacific,” said Cmdr. Chris Gahl, Barry’s commanding officer. “The freedom of all nations to navigate in international waters is critically important. Barry’s transit of the Taiwan Strait yesterday ensured the right and instills the confidence of all nations to trade and communicate in the South China Sea.”

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In Singapore, one single person may be counted as a crowd

Singapore activist in court over one-man ‘smiley face’ protest

Jolovan Wham is facing charges under Public Order Act after posing for a photo with his placard in March.

Jolovan Wham is being charged for an offence under the Public Order Act for holding a placard with a smiley face outside a police station on March 28 [Jolovan Wham/Handout via Reuters]
Jolovan Wham is being charged for an offence under the Public Order Act for holding a placard with a smiley face outside a police station on March 28 [Jolovan Wham/Handout via Reuters]

23 Nov 2020 Al Jazeera

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Vietnam premier, US national security adviser talk bilateral ties

Sunday, November 22, 2020, 14:51 GMT+7 tuoitrenews

Vietnam premier, US national security adviser talk bilateral ties
Vietnamese Prime Minister Nguyen Xuan Phuc (R) and United States National Security Adviser Robert O’Brien are pictured at their meeting in Hanoi on November 21, 2020. Photo: Vietnam Government Portal

Vietnamese Prime Minister Nguyen Xuan Phuc and United States National Security Adviser Robert O’Brien discussed the two countries’ bilateral relationship in Hanoi on Saturday.

The meeting was convened within the framework of O’Brien’s visit to Vietnam on November 20-22, which is conducted on the occasion of the two nations’ 25th anniversary of diplomatic ties.

The relationship has seen comprehensive and practical development, which significantly contributes to regional and global security, peace, cooperation and development, PM Phuc said at the talk.

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What does the ‘rescue’ of Vietnam Airlines reveal?

22/11/2020    15:07 GMT+7 vietnamnet

The national airline of Vietnam finally saw “the light at the end of the tunnel” when the National Assembly agreed with the Government’s proposal for solutions to help Vietnam Airlines overcome difficulties caused by the Covid-19 pandemic.

In the resolution of the 10th session, the 14th National Assembly approved two options. Firstly, the State Bank of Vietnam refinances and extends no more than two times for credit institutions (excluding those under special control) to allow Vietnam Airlines to borrow additional capital to serve production and business activities.

Thấy gì qua cuộc ‘giải cứu’ Vietnam Airlines
A Vietnam Airlines flight from Alaska brought Vietnamese citizens back to their home country in May. Photo: Ted Stevens Anchorage Airport, Alaska

At the same time, Vietnam Airlines is allowed to offer additional shares to existing shareholders to increase its charter capital. The Government will assign the State Capital Investment Corporation (SCIC) to buy shares in Vietnam Airlines on behalf of the Government under the right to buy shares of state shareholders in the mode of transfer of rights to buy. This investment is rated in Group A projects.

Tiếp tục đọc “What does the ‘rescue’ of Vietnam Airlines reveal?”

Vietnam has most adult gamers globally: report

TĐH: The question is “why?”

By Phan Anh   November 22, 2020 | 01:37 pm GMT+7Vietnam has most adult gamers globally: reportA Vietnamese man plays game on a mobile phone. Photo by Shutterstock/Tuan Hung.Vietnam has the highest number of adult gamers in the world in 2020, according to a recently released global consumer survey by German data portal Statista.

Ninety four percent of Vietnamese said they gamed at least occasionally while nearly 20 percent said they were frequent gamers, according to the Statista Global Consumer Survey.

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Faithful dog guards his master’s grave for 3 years

22/11/2020    09:50 GMT+7

A black dog in the southern province of Long An has become famous after a heartbreaking story was recently shared on social networks.

Ms. Nguyen Thi Ut, 58, from Hamlet 1, Tan Thanh commune, Tan Thanh district, Long An province, said her family began raising a black dog named Muc (Black) when her grandchild named Kiet was 2 years old.

Tiếp tục đọc “Faithful dog guards his master’s grave for 3 years”

US, Taiwan step up economic cooperation in new dialogue

Taiwan US China Arms Sales
In this file photo released by Taiwan’s Military News Agency, Taiwan war planes are parked on a highway during an exercise to simulate a response to a Chinese attack on its airfields in Changhua in southern Taiwan. Taiwan said Tuesday, Oct 27, 2020, that recent proposed of U.S. sales of missiles and other arms systems will boost the island’s ability to credibly defend itself, amid rising threats from China. (Military News Agency via AP, File)

21 Nov 2020 02:09PM CNA

image.png

TAIPEI:  The US and Taiwan are stepping up cooperation in a newly created economic dialogue, in another move from the outgoing Trump administration to increase official exchanges with the self-ruled island.

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China turns inward in new five-year plan due foreign conflicts

China’s new five-year blueprint to be No 1.

 Finbarr Bermingham, Production Editor, Political Economy
21 November 2020

Hello again Global Impact readers,
I’m getting some help this week with the newsletter. Finbarr Bermingham, my colleague on the Political Economy desk here at the South China Morning Post, will write it and I’m sure you’ll enjoy it.This week, we explain China’s new five-year plan and its implications for Asia and the world.
Best,
John

New five-year blueprint shows central planning is alive and well in China

On November 3, as Americans headed to the ballot box, China’s political elite were laying out their vision for the country’s trajectory over the next five years. China’s 14th Five-Year Plan generated less buzz and was carried by fewer television networks around the world, but it may shape the global future just as much as US voters’ decision to elect Joe Biden as their next president. It enshrines many of the policies pursued under the tightening grip of Xi Jinping over recent years, around economic self-sufficiency and stability, technological independence, military strength and poverty alleviation, and was developed alongside a longer-term blueprint for governance up to 2035. Tiếp tục đọc “China turns inward in new five-year plan due foreign conflicts”

Asia Pacific leaders make joint appeal for free and fair trade

By Reuters   November 21, 2020 | 09:08 am GMT+7 vnexpressAsia Pacific leaders make joint appeal for free and fair tradeA view show virtual APEC Economic Leaders Meeting 2020, in Kuala Lumpur, Malaysia November 20, 2020. Photo by Reuters/Lim Huey Teng.Asia Pacific leaders set aside differences on Friday with their first joint communique in three years, calling for free and predictable trade amid the coronavirus pandemic.

Leaders of the 21-nation Asia-Pacific Economic Cooperation (APEC), who included Vietnam’s Prime Minister Nguyen Xuan Phuc, U.S. President Donald Trump, China’s President Xi Jinping, also said they would not resort to protectionist policies.

Their joint statement, after a virtual summit hosted by Malaysia, is set against a backdrop of ongoing trade tensions between the world’s two largest economies.

“The impact of (the U.S.-China) trade war has been eclipsed by the COVID-19 pandemic,” Malaysian Prime Minister Muhyiddin Yassin told reporters after the meeting.

“APEC has also pledged to refrain from backtracking and resorting to protectionist measures to keep markets and borders open,” he said.

In the communique, the leaders said they recognized “the importance of a free, open, fair, non-discriminatory, transparent and predictable trade and investment environment” to drive growth during the crisis.

APEC countries failed to reach agreement in 2018, after talks were stymied by discord over trade and investment between the United States and China, and last year’s gathering in Chile was canceled due to violent street protests.

Subdued performance

Trump, who has yet to concede defeat in the Nov. 3 U.S. election and begin a transfer of government to President-elect Joe Biden, largely focused on domestic issues in his remarks at the meeting and spoke of the successes of his time in office, a source who heard his address said.

It was an unusually subdued performance by Trump, who has often attacked China over Covid-19, declared it a strategic rival and imposed tariffs on billions of dollars in Chinese goods.

A White House statement said Trump had “reaffirmed the commitment of the United States to building on our unprecedented economic recovery from Covid-19, as well as promoting peace and prosperity in the Indo-Pacific region through strong economic growth”.

It said Trump and APEC leaders had endorsed the APEC Putrajaya Vision 2040 “that will make free and fair trade the focus of the APEC agenda for the next two decades”.

Although Trump’s administration declared the Asia-Pacific and competition with China to be foreign policy priorities, he has been criticised for limited personal engagement in Asia.

The only other time he has joined an APEC summit was in 2017. He also missed a summit of the Association of Southeast Asian Nations (ASEAN) last weekend, when 15 nations formed the world’s largest free-trade bloc, the Regional Comprehensive Partnership Agreement (RCEP), cementing China’s dominant role in regional trade.

In his remarks on Friday, Xi called for free and open trade and investment, and support for multilateralism.

He said China would “actively consider” signing up for a regional free-trade pact, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

When he took office, Trump pulled out of the Trans-Pacific Partnership trade pact, the predecessor to CPTPP.

Biggest challenge

Before the meeting, several APEC leaders warned against protectionism and expressed hope that a Biden administration will engage more and support multilateral trade.

“As we confront this generation’s biggest economic challenge, we must not repeat the mistakes of history by retreating into protectionism,” New Zealand Prime Minister Jacinda Ardern said on Friday at the APEC CEO Dialogues.

“APEC must continue to commit to keeping markets open and trade flowing.”

Singapore Prime Minister Lee Hsien Loong said on Thursday that U.S. trade policies under Trump had caused “very slow” progress in APEC in recent years, adding that he expected “more multilateralists” in the Biden administration.

U.S. Senator Chris Coons, seen as a contender for secretary of state under Biden, told Reuters he expected the new administration to make an analysis with Congress on “where we are and where we’re going in the U.S.-China bilateral relationship before making any decisions about either carrots or sticks” on trade and Chinese actions related to the coronavirus.Related News:

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IMF ranked Vietnam’s GDP growth among highest worldwide

Jasmine LeJasmine Le vietnamtimes.org

lehang1997hanu@gmail.com

 November 19, 2020 | 16:22 

The International Monetary Fund has revised upward its forecast for Vietnam’s 2020 GDP growth by 0.8 percentage points to 2.4 percent.

Natural disasters possibly slash 1.5% off Vietnam’s annual GDP
Singaporean outlet: Vietnam’s economy recovers faster than other countries’ in region
Vietnam emerges as FDI hub in Asia: the Eurasian Times
Workers make fillets of catfish at a factory in the southern city of Can Tho. (Photo: Kham)
Workers make fillets of catfish at a factory in the southern city of Can Tho. (Photo: Kham)

Thanks to the successful COVID-19 containment, Vietnam’s growth would be among the highest in the world”, Era Dabla Norris, mission chief to Vietnam and division chief in the IMF’s Asia and Pacific department, was quoted as saying at the end of the team’s virtual mission to Vietnam from October 15 to November 13.

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