U.S. admiral urges dialogue in dealing with China's military presence in Asia

Article Abstract:

US Pacific Command Commander-in-Chief Adm. Richard Macke believes that the US and its allies should not be excessively alarmed over China's growing military strength. Macke stated that a military buildup would only be counter-productive and that dialogue would yield better results than isolation or confrontation. The admiral went as far as to advise Philippine Pres. Fidel Ramos, who recently accused China of encroaching on Philippine territory, to seek a diplomatic solution to the dispute. However, Macke also agreed that China's decision to build new structures in a part of the Spratly Islands located within the Philippines' exclusive economic zone was a matter of serious concern.

International aspects, Chinese foreign relations, Military policy, Philippines, Philippine foreign relations, Spratly Islands, Macke, Richard

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Singapore urges U.S. help in South China Sea security

Article Abstract:

Singapore is seeking US assistance to ensure that China will not extend its territorial waters in the South China Sea. Singaporean Deputy PM and Defense Minister Tony Tan met with Defense Sec. William Perry to express ASEAN's concerns over the territorial boundaries of the Parcels, a group of islands claimed by China, Vietnam and Taiwan and its effect on the Spratlys. Tan urged Perry to ensure that demarcation efforts over the Spratlys will be conducted peacefully and according to international laws.

Singapore, Political aspects, International relations, Territorial waters, South China Sea

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World Bank urges China to reform capital markets

Article Abstract:

A recent World Bank study has recommended that China reform its capital markets to make them more attractive to foreign investors. The report stated that China's cautious and experimental approach to its capital markets could make it more difficult for the country to address its financial difficulties. Western bankers have long been critical of the policies cited in the report but Chinese officials have taken little heed of their complaints.

Reports, Economic policy, Capital market, Capital markets, World Bank

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