China’s broadening national-security commitments, including a warning of defensive measures against foreign aircraft in its new East China Sea air zone, risk straining a military still catching up with its rivals.
China’s overlap of its new air zone with that of South Korea in the East China Sea has complicated its efforts to forge closer ties with President Park Geun Hye and gives her an incentive to further strengthen relations with the U.S.
U.S. Vice President Joseph Biden called on China as a rising economic power to act responsibly and said its escalation of a territorial spat with Japan had caused significant apprehension throughout Asia.
China offered Japan talks on the safety of aircraft in overlapping air defense zones after U.S. Vice President Joseph Biden urged Asia’s top two economies to set up channels for resolving their disputes.
China’s escalation in its challenge to Japan’s administration of islands near Taiwan reflects an effort to gain greater command of the air and seas in the western Pacific as it builds itself into a maritime power.
One-month yuan forwards touched the strongest level in at least 15 years as China’s central bank raised the currency’s reference rate to a record before U.S. Vice President Joseph Biden visits Beijing.
Vice President Joseph Biden arrives in Japan today on a trip to demonstrate the American commitment to the Asia-Pacific and defuse tensions over a Chinese air defense zone that drew criticism from the U.S. and its allies.