Indonesia clarified that it does not recognize China’s maximalist claims over the South China Sea despite signing a maritime development deal with Beijing acknowledging the “nine-dash line” claim. The joint statement with China on joint development in overlapping claim areas raised concerns among South China Sea claimants and observers, with Indonesia traditionally rejecting such claims and asserting sovereignty over the Natuna Islands EEZ. The move, seen as a historic victory for Beijing, sparked criticism that Indonesia had betrayed its national interest, although the Foreign Ministry maintained that the agreement would not impact its sovereignty in the North Natuna Sea.
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China races to stockpile US chips before Trump ramps up sanctions
China is increasing its efforts to stockpile microchips from the US to prepare for potential sanctions from the incoming administration of president-elect Donald Trump, with purchases reaching US$1.11 billion in October, a 60 per cent increase from last year. China has imported US$9.61 billion of microchips from the US over the first 10 months of the year, focusing on CPU-based processors and controllers, as well as chips for storage and signal amplification, to meet its...
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