Biden turns to island leaders in China face-off

TL;DR Breakdown

  • Biden hosts a three-day summit with Pacific Island leaders to reinforce U.S. influence and counteract China’s increasing presence in the region.
  • The summit focuses on strengthening diplomatic ties, with the U.S. recognizing the Cook Islands and Niue, while also pledging over $810 million in aid, though funds await Congress approval.
  • Mixed reactions from Pacific nations, with some leaders skipping the summit and others skeptical about becoming pawns in a U.S.-China geopolitical tug of war.

Description

Pacific Island nations, pivotal players in geopolitical jockeying, have captured Biden’s attention, as the US aims to reinforce its influence in a region where China has made significant inroads. The three-day summit, initiated by Biden, showcases America’s commitment to these island nations and sends an indirect message to China: the Pacific is not for sale. … Read more

Pacific Island nations, pivotal players in geopolitical jockeying, have captured Biden’s attention, as the US aims to reinforce its influence in a region where China has made significant inroads.

The three-day summit, initiated by Biden, showcases America’s commitment to these island nations and sends an indirect message to China: the Pacific is not for sale.

Strengthening Ties with Symbolic Gestures

Reaffirming diplomatic ties, Biden’s administration will acknowledge the Cook Islands and Niue during the gathering. This strategic move not only highlights the strengthening of relationships but sends a clear message regarding America’s vision for the region: a bastion where democracy thrives, unaffected by external pressures.

Moreover, as a gesture of camaraderie and shared interests, Pacific leaders will grace an NFL game, a nod to the many NFL players of Pacific Islander descent.

This isn’t Biden’s first rodeo with the Pacific leaders. Last year, he hosted 14 Pacific Island nations, collectively solidifying their stance against China’s “economic coercion”.

This year, the focus, as revealed by the White House, ranges from tackling climate change and ensuring sustainable development to public health and curbing illegal fishing.

Infrastructure and Aid: Promises Waiting Fulfillment

In a world where money talks, promises of infrastructure development and improved internet connectivity via undersea cables seem to be Biden’s ace card. An official promise of over $810 million in support for the Pacific islands was floated in 2022.

However, Meg Keen from Australia’s Lowy Institute highlights a critical issue: Congress hasn’t given the green light for the funds yet. Keen critically observed that while Pacific nations appreciate the U.S.’s re-engagement, they don’t want to be pawns in a larger geopolitical tug of war, leading to increased militarization.

It’s worth noting, the Solomon Islands’ Prime Minister, Manasseh Sogavare, has decided to sit this one out. A critic might say, after his recent alignment with China – including signing security and policing agreements – Sogavare’s absence speaks volumes. Biden’s camp didn’t hide their disappointment at his decision.

In contrast, Vanuatu’s newly elected Prime Minister Sato Kilman won’t be attending either, even after his predecessor inked a security pact with the U.S. ally, Australia.

As it stands, despite China being Vanuatu’s most prominent external creditor, the US is still in discussions to inaugurate an embassy there, hoping to seal the deal by next year.

Complex Dynamics in the Pacific Chessboard

Fiji, another crucial player in the region, seems to have a positive outlook towards the U.S., viewing its heightened involvement as a means of ensuring a more secure Pacific. On the flip side, Kiribati has plans to renovate a former World War Two airstrip, with a little help from their Chinese friends.

The intricacies of these alliances reflect a complicated web of relationships, loyalties, and interests. The Marshall Islands, for instance, is still awaiting a renewed pact with the U.S., seeking additional funds to address the impacts of past U.S. nuclear tests. It’s a sensitive topic, with the Biden administration expressing confidence in reaching an agreement.

In essence, the summit is more than just a meeting. It’s a testament to Biden’s approach to handle the Pacific island nations, interwoven with China’s growing footprint in the region.

The chessboard is vast, and the game is intricate. Only time will reveal if Biden’s charm offensive will checkmate China in this Pacific showdown.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Biden turns to island leaders in China face-off

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月26日 00:31
Next 2023年9月26日 03:59

Related articles

  • Spain becomes the most dynamic market for Sam Altman’s Worldcoin

    TL;DR Breakdown Sam Altman’s Worldcoin significantly impacts the European market, particularly in Spain. Worldcoin’s World ID system safeguards users’ anonymity, solidifying its market presence. Spain aims to be the EU’s AI capital, leveraging Worldcoin’s technology. Description Sam Altman’s Worldcoin has significantly impacted the European market, with its latest launch in Spain catapulting it to the forefront. Spain has become the largest operating market for Worldcoin in Europe, thanks to the introduction of World ID, a revolutionary Proof of Personhood mechanism designed to safeguard users’ anonymity. Partnering with renowned organizations such as … Read more Sam Altman’s Worldcoin has significantly impacted the European market, with its latest launch in Spain catapulting it to the forefront. Spain has become the largest operating market for Worldcoin in Europe, thanks to the introduction of World ID, a revolutionary Proof of Personhood mechanism designed to safeguard users’ anonymity. Partnering with renowned organizations such as IT Barcelona and Adigital, Tools For Humanity (TFH) has solidified Worldcoin’s presence in Spain. The strategic collaboration has further amplified the country’s interest in artificial intelligence (AI) since 2020, propelling it…

    Article 2023年7月11日
  • A closer look at the Arnaults’ succession: Will LVMH be under pro-crypto leadership?

    TL;DR Breakdown A crypto and fashion shift is coming to LVMH, run by Bernard Arnault, as he considers which of his children will run the conglomerate that controls 75 top brands such as Louis Vuitton, TAG Heuer, and Dior. The succession decision could be pivotal in the crypto industry and would promote the future of blockchain technology and digital assets. Arnault’s sons Alexandre and Frederic have played a huge role in convincing the 74-year-old tycoon to adopt the emerging digital markets.  Description The second richest man on Earth, Bernard Arnault, the CEO of the LVMH conglomerate controlling 75 top brands such as Louis Vuitton, TAG Heuer, and Dior, is currently contemplating on which of his children will take over the $400 billion business empire. The 74-year-old CEO has recently raised the business retirement age to 80 years, … Read more The second richest man on Earth, Bernard Arnault, the CEO of the LVMH conglomerate controlling 75 top brands such as Louis Vuitton, TAG Heuer, and Dior, is currently contemplating on which of his children will take over the $400 billion…

    Article 2023年9月17日
  • Inferno Drainer: The new crypto and NFT nightmare – What or who is it?

    TL;DR Breakdown Scam Sniffer has found that some phishing attacks are linked to Inferno Drainer, a multi-chain scam vendor that charges 20% of the stolen assets.  So far, $5.9 million has been taken by analyzing data from different chains, with about 4,888 victims. Scams posing as services have become an increasing problem in the crypto community. In the ever-evolving landscape of cybercrime, a new threat has emerged, leaving individuals and businesses vulnerable to financial losses and privacy breaches – Inferno Drainer. The Inferno Drainer phishing scam, aptly named for its ability to drain victims’ resources, has recently come to the forefront of crypto evolution. This sophisticated “scam-as-a-service” operation has already pilfered an astonishing $5.9 million since March, underscoring the urgent need for increased vigilance and robust security measures. Inferno Drainer’s sophisticated phishing scam leaves millions vulnerable Operating behind a veil of anonymity, the Inferno Drainer has quickly gained notoriety within the dark web. The group behind this scam-as-a-service operation remains shrouded in mystery, employing advanced techniques to evade detection by law enforcement agencies and cybersecurity experts. According to the Web3…

    Article 2023年5月23日
  • U.S. Fed’s rate hike cycle over? Morgan Stanley’s Chief Economist weighs in

    TL;DR Breakdown Morgan Stanley’s Chief U.S. Economist, Ellen Zentner, believes the Federal Reserve has concluded its current cycle of interest rate hikes and predicts steady rates until potential cuts in 2024. Zentner’s views add to the ongoing debate on U.S. monetary policy, especially in light of a potential Republican-led government shutdown that could impact the Fed’s decisions. Description Ellen Zentner, Morgan Stanley’s Chief US Economist, recently made headlines by stating her belief that the Federal Reserve has concluded its current cycle of interest rate hikes. In a recent episode of the What Goes Up podcast, Zentner shared her insights on the Fed’s decision to maintain the benchmark federal interest rate. Moreover, she predicts … Read more Ellen Zentner, Morgan Stanley’s Chief US Economist, recently made headlines by stating her belief that the Federal Reserve has concluded its current cycle of interest rate hikes. In a recent episode of the What Goes Up podcast, Zentner shared her insights on the Fed’s decision to maintain the benchmark federal interest rate. Moreover, she predicts that the Fed will keep rates steady until it…

    Article 2023年9月25日
  • PancakeSwap price analysis: CAKE fails to recover after dropping below $1.5

    TL;DR Breakdown . PancakeSwap price dropped another 6 percent today . Price failed to recover after falling below $1.5 support . Technical indicators continue to show bearish trend in place PancakeSwap price analysis continues to show a declining trend in place for the token, as price dipped further below its previous support zone at $1.5 over the past 24 hours. CAKE dropped as low as $1.31 today, recording a further 6 percent decrement from yesterday’s price. The token has continued to decline since June 5, when price was at $1.73, and remains bearish. However, trading volume for PancakeSwap continues to pick up, showing both buyer interest and large-scale sell offs. Trading volume picked up more than 131 percent over the past 24 hours, with market cap falling down to $995,780,852. The larger cryptocurrency market also continued to stay bearish, with Bitcoin dropping below the $26,000 mark with a 1 percent decline, whereas Ethereum dropped 2 percent to $1,700. Among leading Altcoins, Ripple incurred a minor decrement to move down to $0.52, while Cardano dropped to $0.27. Meanwhile, Dogecoin dipped 2…

    Article 2023年6月15日
TOP