U.S. Vice President Joe Biden said China should expand press freedoms and ease policies that punish U.S. news organizations for critical coverage of Beijing, citing a “profound” disagreement between the U.S. and the world’s second-largest economy over its approach.
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.
Asian stocks fell after the yen strengthened overnight and valuations on the regional equities gauge climbed to a six-month high, with investors awaiting U.S. jobs data this week that may provide further evidence as to when the Federal Reserve will reduce stimulus.
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.