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South China Morning Post
34 minutes ago
- South China Morning Post
With US-China rivalry ‘putting the squeeze' on Asian markets, is taking sides an option?
Caught in the undertow of swirling power plays between China and the United States, Asia has become like a piece of driftwood battered by the pounding of opposing tides. With key tariff deadlines approaching in July, and in light of lingering trade tensions between the world's two biggest economies, many countries in the region are facing a delicate, pragmatic choice: bow to Washington's growing pressure to crack down on supply chains and enforcement – or preserve the economic ambiguity that underpins their deep ties with Beijing? Asian countries have entwined their supply chains, technology, markets and investment with Beijing – accounting for one-third of China's total trade volume, or US$1.89 trillion last year. Meanwhile, some of them may need security assurances from the US amid the growing Chinese influence in the region, analysts said. China remains the top trading partner for 18 countries across the region and has been the largest trading partner of the Association of Southeast Asian Nations (Asean) for 15 consecutive years. Meanwhile, economic asymmetry and military advantage have often translated into Beijing's leverage in market power while, for many in the region, Washington represents security, diversification and strategic rebalancing, with its military presence, investment and advanced technology, analysts said. That leaves many Asian economies walking a tightrope – benefiting from China's vast market while remaining wary of the risks of over-dependence. For much of Asia, maintaining ties with both while caught in between has become a survival strategy.
South China Morning Post
an hour ago
- South China Morning Post
Trump and South Korea's new leader talk tariffs, golf and assassinations in first call
US President Donald Trump and South Korea's new president, Lee Jae-myung, agreed to work toward a swift tariff deal in their first phone call since Lee was elected this week, Lee's office said on Friday. Advertisement Trump has imposed tariffs on South Korea, a long-time ally with which it has a bilateral free trade deal, and pressed it to pay more for the 28,500 US troops stationed there. Separately, Trump allies have aired concerns about Lee's more conciliatory stance towards China, Washington's main geopolitical rival. Lee, a liberal, was elected on June 3 after former conservative leader, Yoon Suk-yeol, was impeached and ousted. The future of South Korea's export-oriented economy may hinge on what kind of deal Lee can strike with Trump, with all of his country's key sectors from chips to cars and shipbuilding heavily exposed to global trade. His term began on Wednesday. Advertisement 'The two presidents agreed to make an effort to reach a satisfactory agreement on tariff consultations as soon as possible that both countries can be satisfied with,' Lee's office said in a statement. 'To this end, they decided to encourage working-level negotiations to yield tangible results.'
South China Morning Post
an hour ago
- South China Morning Post
Beijing academy unveils open-source ‘RoboBrain' AI model for China's humanoid robots
The Beijing Academy of Artificial Intelligence (BAAI), a non-profit research laboratory in China, launched on Friday a series of new open-source artificial intelligence (AI) models designed to be the 'brain' of robots, as the country rushes to build smarter machines. Advertisement The use of powerful AI models in China's booming robotics industry could accelerate the development and adoption of humanoids, as the sector addresses challenges such as limited model capabilities and a lack of training data, according to BAAI head Wang Zhongyuan during the institute's annual conference in Beijing. Wang described BAAI's RoboBrain 2.0 as the world's most powerful open-source AI model designed to improve various types of robots, including humanoids. The launch of this general-purpose AI model coincides with the Chinese robotics industry's rapid growth, positioning BAAI as a potential major player in the local sector. Beijing Academy of Artificial Intelligence director Wang Zhongyuan speaks at the institute's annual conference on Friday. Photo: Handout 'We sincerely hope that various stakeholders in the embodied intelligence industry will collaborate with the Zhiyuan Institute,' Wang said, referring to the local name for BAAI. Advertisement 'Currently, we are partnering with over 20 leading companies in the sector and are looking for additional collaborators to drive growth.'
