Top executives from South Korean battery maker SK On and its two suppliers — EcoPro and GEM of China — must have thought the future was rosy when they signed a memorandum of understanding (MOU) in March to launch a joint venture.
On the sidelines of the Asia Pacific Economic Cooperation (APEC) Leader’s Meeting in San Francisco last month, Chinese leader Xi Jinping told U.S. President Joe Biden that Taiwan is the “biggest” and “most dangerous issue” between the United States and China.
Power tensions between the United States and China in the Pacific will continue to be “tense and dynamic” even as Australia and Papua New Guinea forge deeper relations through a newly signed historic security pact, according to analysts.
David Panuelo, the former president of the Federated States of Micronesia, came to Washington last week to warn that, without U.S. support, his country is becoming increasingly vulnerable to Beijing’s influence efforts.