The United States should con-tinue to take the lead in setting global rules and maintaining the rules-based multilateral international order, Finance Minister Heng Swee Keat said in Washington on Monday.. Read more at straitstimes.com.
The United States should con-tinue to take the lead in setting global rules and maintaining the rules-based multilateral international order, Finance Minister Heng Swee Keat said in Washington on Monday.
Any dispute between the US and China should be resolved in accordance with international norms and through existing multilateral frameworks instead, he said.To keep their competition healthy and constructive, both sides need a better understanding of each other - no small task as they have"very different DNA" and very different, complex systems, he said later during a question-and-answer session.
Mr Heng, a former principal private secretary of the late prime minister Lee Kuan Yew, recalled how the Suzhou Industrial Park faced competition from a local rival, which Chinese local officials had promoted despite Suzhou's backing from Singapore and the Chinese central government. In his speech, he made the case that America's presence in Asia remains vital to the region's peace and prosperity, as he encouraged the US to continue investing and engaging in Asia.
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