Connect with us

News

Mired in home issues, ‘hard for Sunak to present systematic China policy’

FI

Published

on

Global Times:- Right after he took office, Britain’s new Prime Minister Rishi Sunak and the US President Joe Biden talked on the phone on Tuesday. Both sides agreed to work together to support Ukraine; and Sunak emphasized on US-UK cooperation in the Indo-Pacific region to counter “China’s malign influence.”

However, Chinese observers said as both two leaders are crippled by deep-rooted domestic woes and have little political capital to solve them, it is questionable how much weight the special relationship carries now.

Yet experts also said that Biden, who faces dark outlook of the looming midterm election, surging inflation and other domestic issues, may not be happy to see a fragile ally, thus how rock solid their relationship is also depend on Sunak’s capacity of addressing the UK’s problems.

Chinese experts predict that as Sunak is embattled with economic gloom at home, it is impossible for him to present a complete China policy in at least half a year, nor will he continue his predecessor Liz Truss’ hard line approach, such as the attempt to label China as a “threat,” since further frayed Beijing-London tie will only add fuel to the fire to current plight the UK is facing. They urged Sunak, who has technocratic style of governing, to continue pragmatism when he reviews relations with China and regard Beijing as cooperation partner, rather than views China as an enemy just to please the US.

Chinese Premier Li Keqiang on Wednesday sent a congratulatory message to UK’s new prime minister Rishi Sunak for taking office. Li said China is willing to push forward bilateral ties for a healthy and stable development.

Sunak talked to Biden earlier. According to a read-out of the call released by Downing Street, the two discussed about the extent of UK-US cooperation, “in regions such as the Indo-Pacific where the AUKUS pact forms part of our efforts to enhance stability and counter China’s malign influence.”

In response, Wang Wenbin, spokesperson of China’s Ministry of Foreign Affairs, said at Wednesday’s briefing that China is a partner of every country’s development, not challenge and threat. He also urged the US to discard zero sum mentality, instead of spreading cliché “China threat” theory, it should contribute more to world development and peace.

This is the first time Sunak publicly revealed his stance on China since taking office. Although when challenging his predecessor Liz Truss, who survived in the office for merely 45 days, Sunak promised to ban China’s Confucius Institutes in the UK and label the country the “biggest long-term threat to Britain.” During campaign, Truss also intended to redesignate China as a “threat.”

Election campaign language should not be trusted as candidates would be competing who speaks louder and harsher to please the audiences, Cui Hongjian, director of the Department of European Studies at the China Institute of International Studies, told the Global Times.

Experts said that as long as London is determined to serve as a vassal of Washington on curtailing China’s development, the UK is likely to continue a tough policy on China no matter who occupies 10 Downing Street.

It is impossible for Sunak to hand out a comprehensive China-policy in the short term, said Cui, explaining that it’s because the new UK prime minister, who inherited massive problems, including an economy mired in crisis, will have his hands tied to solve domestic problems during the first months of his reign.

Sunak had used his first speech as prime minister on Tuesday to warn that the UK is in the grip of an economic crisis as he vowed to fix “mistakes” made by Truss and win back voters’ trust.

He warned there would be “difficult decisions to come” in an attempt to regain economic stability and avoid borrowing mounting up.

Before Truss stepped down, the Guardian reported that she was mulling to formally designate China as a “threat” to the UK, as a rewrite of former prime minister Boris Johnson’s defense and foreign policy.

The new prime minister is likely to walk back some hard line rhetoric of Truss not only because he needs to be fully devoted in clearing the domestic mess, “if Sunak proves to be a rational politician, he will not risk fraying the already strained China-UK ties, when the UK economy is in deep trouble now,” said Li Guanjie, a research fellow from the Shanghai Academy of Global Governance and Area Studies, under the Shanghai International Studies University, noting a tougher stance on China will risk upending economic and trade cooperation between Beijing and London.

He also noted that the read-out published by both the White House and Downing Street did not refer to China as a “threat” which means Sunak is not likely to repeat Truss’s tough stance, at least not for now.

China is now the largest source of imports for the UK worth 63.6 billion pounds ($611 billion) or 13.3 percent of all goods imports, according to statistics from the UK Office for National Statistics. There are about 144,000 Chinese students studying in Britain according to 2022 statistics from the Higher Education Statistics Authority, a number that is up 50 percent in just five years, BBC reported in March.

When serving as Chancellor of the Exchequer, Sunak continued to advocate for a “mature and balanced” relationship with China and sought to improve trade links with the country, by resurrecting the China-UK Economic and Financial Dialogue, the Financial Times reported.

After taking office, Sunak will review relationship with China from an all-round perspective, from diplomacy, military to security, not solely from the standpoint of economic cooperation, said Cui, urging Sunak, who possesses technocratic style of government, to inherit the pragmatism of financial minister, and regard China as a partner in cooperation, rather than a threat.

Pragmatism needed

Chinese observers said that Sunak is likely to continue the overall diplomatic policies made by Boris Johnson, pragmatic on trade ties with China while tough on political issues, as Sunak’s only seven-year career in national politics, and the swift, truncated nature of his election has not fully prepared him.

One of the characteristics of the Johnson policy is aligning close with Washington on ideology and security, and such close ties will be maintained by Sunak, said experts.

When Sunak prevailed in the race for Conservative leader, US President Joe Biden, reacted to the UK’s first Indian-origin prime minister, said it was “pretty astounding” and a “ground-breaking milestone.”

In their call on Tuesday, Biden also said that “the UK remains America’s closest ally, and the prime minister agreed on the huge strength of the relationship,” according to the read out released by Downing Street.

Yet experts also said that Biden, who faces dark outlook of the looming midterm election, surging inflation and other domestic issues, may not be happy to see a fragile ally, thus how rock solid their relationship is also depend on Sunak’s capacity of addressing the UK’s problems.

When Truss was in office, Biden’s economic team had also clashed with her team privately over its proposal to cut taxes for high earners. Treasury Secretary Janet L. Yellen joined several other finance ministers from the Group of 7 nations this month in criticizing their British counterpart over the plans, The New York Times reported last week.

In fact, the UK is still marred in post-Brexit chaos rippled with political turmoil, yet the country is needed in discussion of a slew of international issues such as G20 and climate change. If the new prime minister falls short of solving domestic problems, how could he lead the nation to better engage in international cooperation, said Wang Yiwei, director of the Institute of International Affairs at the Renmin University of China.

Source(s): Global Times

World

Macron warns Europe could die of three challenges

FI

Published

on

By

PARIS, April 25 (Xinhua) — Europe could die of three challenges it faces in security, economy and culture, French President Emmanuel Macron said Thursday in a speech on Europe at Sorbonne University in Paris.

Europe is in a situation of encirclement, pushed by many powers at its borders and sometimes within it, while some “uninhibited, regional powers” are showing their capabilities, he warned in a local live broadcast.

Macron also said that the European economic model as conceived today is no longer sustainable facing competition with the United States and China.

“In our Europe, our values, our culture are threatened,” he added, because Europe is experiencing “the cultural battle, the battle of the imaginary, of narratives, of values, which is increasingly delicate.”

This speech came seven years after his first speech on Europe at the university.

Source(s): Xinhua

Continue Reading

News

Government to reform SOEs and Aasandha system

FI

Published

on

By

Minister of Finance Dr. Mohamed Shafeeq has announced plans to initiate a specialised corporate reform programme in response to concerns about the mismanagement of state-owned enterprises (SOEs).

Dr. Shafeeq emphasised the need for responsible governance within SOEs, noting that many are struggling to balance their expenditures with revenues.

Additionally, Minister Shafeeq highlighted the importance of strengthening SOEs, as only a few are generating substantial revenue for the state or serving the public effectively. He underscored the necessity for significant changes in the subsidy system and emphasised the importance of prudent spending and reducing overall expenditure. As part of this initiative, he emphasised the reform of the Aasandha system to ensure sustainability.

Furthermore, Minister Shafeeq expressed determination to implement reforms promptly, contrasting previous governments’ reluctance with President Dr. Mohamed Muizzu’s proactive stance. He affirmed the President’s commitment to reforming companies and finance without delay.

Earlier this year, President Dr. Muizzu unveiled policies aimed at transforming SOEs into profitable entities independent of state funding. The government aims to enhance corporate management and establish clear criteria for subsidies and capital allocation.

Source(s): PsmNews

Continue Reading

News

India should realize that the Maldives is not ‘taking sides,’ it’s choosing independence

FI

Published

on

By

According to reports, the People’s National Congress party led by Maldives President Mohamed Muizzu won a landslide victory in Sunday’s parliamentary elections, securing 71 out of 93 seats. However, the result has made India feel nervous about the Maldives tilting away from it. Chinese analysts point out that the result of the Maldivian parliamentary elections reflects the will of the people. They assert that the Maldivian people are not choosing to lean toward China but rather they are supporting the government’s independent foreign policy.

Undoubtedly, the Maldives parliamentary elections are an internal matter for the Maldives, and China fully respects the choice made by the Maldivian people. However, some forces have malicious intentions regarding these elections.

Some Western media outlets took the opportunity to sensationalize the elections, claiming that the elections were a result of the so-called China-India geopolitical rivalry.

Furthermore, although China has never viewed the Maldives parliamentary elections as a geopolitical competition between China and other countries, some in India are worried about the Muizzu administration’s so-called pro-China and anti-India stance, viewing the Maldives elections as a zero-sum game between China and India. Some Indian media outlet even claimed that the Maldives is “tilting toward China and away from regional powerhouse and traditional benefactor India.”

India’s self-proclaimed attitude as a “benefactor” fully shows that it views South Asia as its “backyard.” Adopting a mind-set of exclusion rather than cooperation, India has always been skeptical of South Asian countries developing comprehensive cooperation with other powers. Some Indians view China’s normal cooperation with the Maldives with a cold war mentality, which is unhealthy.

The Maldives’ choice to break free from India’s control and become a truly independent country has dealt a heavy blow to India’s South Asian hegemonic mind-set. In fact, Muizzu won the Maldives presidential elections last year partially because New Delhi’s long-term pressure and interference in the Maldives’ internal affairs had sparked strong anti-India sentiment among the Maldivian people.

Liu Zongyi, secretary-general of the Research Center for China-South Asia Cooperation at the Shanghai Institutes for International Studies, told the Global Times that the result of the Maldives parliamentary elections not only demonstrates that the Maldivian people are no longer willing to follow India’s orders and have chosen an independent foreign policy, but also that they have chosen to prioritize rapid economic and social development.

In recent years, China’s economic cooperation with the Maldives has brought significant development to the Maldives in various aspects. For example, the China-Maldives Friendship Bridge, a flagship project of China’s infrastructure boom in the Maldives, is a symbol of the deep friendship between the two countries and has helped the Maldivian people realize their century-old dream.

India claims that its “Neighborhood First policy” is its core foreign policy. However, India’s aggressive behavior has turned “neighborhood first” into “India first.” The more the Indian government seeks to consolidate its hegemony in South Asia, the more discontent neighboring South Asian countries will grow with India.

India has long maintained a condescending attitude toward other South Asian countries, which is why India is increasingly unpopular in the region, said Qian Feng, director of the research department at the National Strategy Institute at Tsinghua University. India has not realized that the emergence of “anti-India” sentiment in these countries is not because they are “pro-China,” but because they are eager for independence.

The leaders of China and India have reached an important consensus that China and India are partners rather than rivals and are not threats to each other but opportunities for each other’s development. However, India has said one thing and done another in the process of implementing this consensus, according to Qian. On many issues, India demands and pressures its South Asian neighbors to take sides between it and China. This not only violates the sovereignty of these countries, potentially causing instability in the entire region, but it also distorts the China-India relationship.

The independent choices of other South Asian countries are not a “betrayal” to India but a fact that needs to be fully respected. Cooperation with China is not exclusive and does not affect relations with India. As an important country in the South Asia, India needs to adopt a more open attitude toward cooperation between regional countries and China.

Source(s): globaltimes.cn

The author is a reporter with the Global Times. opinion@globaltimes.com.cn

Continue Reading

Trending