logo
Macron touts ‘positive new' Asia-Europe alliance amid US-China rivalry

Macron touts ‘positive new' Asia-Europe alliance amid US-China rivalry

[SINGAPORE] French President Emmanuel Macron urged Asia and Europe to work together in a new coalition based on common principles to push back against the inevitability of being caught between global superpowers.
Singling out the China-US rivalry as the biggest risk confronting the world, the French leader said he wants to be able to cooperate with the US at the same time as compete with but not confront China –while adopting a 'demanding approach' that puts France's interests first.
In expanding on the French doctrines of 'strategic autonomy' and 'freedom of sovereignty' to a gathering of global leaders at a pre-eminent security forum in the Asia-Pacific, President Macron sketched out a plausible 'third way' for Europe and the rest of Asia amid significant shifts in the world order and a world beset by multiple crises.
'The time for non-alignment has undoubtedly passed, but the time for coalitions of action has come and requires that countries capable of acting together give themselves every means to do so,' Macron said in his keynote address at the 22nd Shangri-La Dialogue on May 30.
'Let's build a positive new alliance between Europe and Asia, based on our common norms, on our common principles.
'Our shared responsibility is to ensure with others that our countries are not collateral victims of the imbalances linked to the choices made by the superpowers,' the leader of Europe's second-largest economy added.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Sign Up
Sign Up
Macron called upon Asian countries, particularly India, and members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership to work together.
'Let's work in an open way, the genuine way,' he said. 'But let's work very closely on defence, security and all the building blocks of our value chains.'
The administration of US President Donald Trump has upended longstanding US commitments to the post-Cold War order and imposed trade tariffs on even its closest allies since returning to office at the turn of 2025.
Washington has also ratcheted up its hawkish efforts to contain China that have left the rest of the world reeling in the wake of its actions and China's responses, fearing a full-fledged trade war that would crimp economic growth globally.
For its part, China has been engaged in dangerous skirmishes with Philippine coast guard and navy vessels in waters in the South China Sea where it has overlapping claims with the Philippines.
'We have a challenge of revisionist countries that want to impose under the name of spheres of influence – in reality, spheres of coercion; countries that want to control areas from the fringe of Europe to the archipelagos in the South China Sea, at the exclusion of regional partners, oblivious to international law,' Macron said, without making overt references to China or Russia.
Macron pointed out that France is an Indo-Pacific nation as seven of its offshore territories sit in the Indian Ocean and the South Pacific, with a million French citizens living in this region.
In 2018, his government released an Indo-Pacific security strategy. He said that the strategy would be updated in the coming weeks.
In the past 12 months, the Russians have engaged the support of North Korean troops in their invasion of Ukraine, now well into its fourth year – sparking fears of a broader conflagration of the war.
'But what's happening with North Korea being present alongside Russia on the European side is a big question for all of us,' Macron said.
On the whole, China and North Korea are ideologically aligned, while Beijing and Moscow have referred to themselves as 'friends of steel'.
'And this is why, if China doesn't want Nato being involved in South-east Asia or in Asia, they should prevent, clearly, DPRK from being engaged on European soil,' the French leader added, referring to the abbreviation of the official name for North Korea.
The North Atlantic Treaty Organisation was a peacetime military alliance established in 1949 to provide collective security against the threat of expansionism posed by the former Soviet Union.
While Russia has often cited the growth of Nato to include several former Soviet states as a reason for its invasion of Ukraine, Beijing has viewed recent talk about a possible Nato office in Tokyo as a threat and part of an attempt to encircle it.
At the same time, the Russian invasion of Ukraine has sparked fears that China could well do the same with Taiwan, a self-governing territory that Beijing claims as its own to be reunified by force if necessary.
'So what is at stake in Ukraine is our common credibility to be sure that we are still able to preserve territorial integrity and sovereignty of people,' Macron said.
The French President also flagged the 'big risk of nuclear proliferation', acknowledging the critical levers the US has with the Iranians at a time when tensions are fraught in the Middle East.
With Russia a nuclear power and North Korea also developing its nuclear arsenal with the assistance of China, Macron warns that any type of nuclear proliferation in Iran will trigger 'all sorts of justification proliferate elsewhere with the domino effect'.
Macron's keynote address marked the end of a week-long swing through South-east Asia.
In his address at the security forum organised by the London-based International Institute for Strategic Studies, the French President said this new Asia-Europe alliance he is proposing 'feels like' Singapore's DNA. He also left the door open for China and the US to join this coalition.
'We must show consistency where others practise a double game.
'And this is exactly my call tonight: Let's build new coalitions of open trade, open dialogue to derisk our models, stabilise environments and new coalitions to stabilise an open and rules-based order,' he said. THE STRAITS TIMES

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Chinese economy stays challenged but some consumer stocks offer potential: BOA
Chinese economy stays challenged but some consumer stocks offer potential: BOA

Business Times

timean hour ago

  • Business Times

Chinese economy stays challenged but some consumer stocks offer potential: BOA

[SINGAPORE] While headwinds persist for the Chinese economy and consumer confidence stays low, a select range of stocks could defy broader market trends and outperform their peers, said the Bank of America (BOA). Despite improved market sentiment, the Chinese economy remains saddled by challenged consumption growth and elevated youth unemployment alongside deflationary pressures, BOA analysts noted in a report last Thursday (May 29). However, stocks related to five themes could benefit from Chinese consumer spending, the BOA analysts said. Specifically, these are stocks that focus on the categories of health and wellness; affordable luxury; pragmatic goods and services; personal experiences and emotional value; as well as intellectual property. These 'new consumption' stocks display 'significant divergence in performance' amid softer market trends and sharply outperformed their peers in earnings growth and share prices, BOA analysts said. With clear value propositions – be it emotional value, functionality or affordability – these stocks are favoured over large-cap premium brands or market proxy players, they added. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Energy drinks, outdoor brands win on post-pandemic health, wellness focus An increased interest in health and wellness among Chinese consumers post Covid-19, has benefitted stocks focusing on these themes, BOA said. In the beverage market, energy drinks and soft drinks that focus on health and anxiety alleviation logged stronger sales growth compared to liquor or beer, the analysts noted. Outdoor brands including Amer Sports enjoyed nearly 40 per cent year-on-year growth compared to the overall domestic sportswear market, which logged sales growth only in the single-digit percentages. Online healthcare experienced 'rapid growth' fuelled by rising demand for proactive and preventive health management, and the increasing penetration of online drug purchasing. Affordable luxury gains amid deflationary environment Consumers tend to be price sensitive in deflationary environments. Within the passenger vehicle market, domestic brands nearly doubled their market share from 33 per cent in 2020 to 65 per cent in the first four months of 2025, thanks to better price-performance than European and Japanese brands, the report said. With improved product offerings, local brands in the smartphone market such as Xiaomi and Huawei have taken market share away from Apple. This trend towards affordability is reflected in travel, where short-haul and domestic trips via railways and budget airlines have been on the rise; and domestic, 'affordable luxury' hotel chains have wrestled market share away from global five-star hotels. Policy stimulus, subsidies boost demand for pragmatic items The analysts also observed an increased focus on the utility and functionality over brand names among consumers. Boosted by policy stimulus, sales for home appliances, furniture and consumer electronics rose by 20 to 25 per cent year-on-year for the first four months of 2025, outpacing overall retail sales growth, they noted. Mass market brands such as Geely, Leapmotor and XPeng are expected to outperform premium/luxury brands including Zeekr, Li Auto and Nio. Consumer willingness to spend on experiences The analysts noted that consumers are willing to invest time and money in experiences. Consumers are travelling more albeit spending less and treating themselves to 'small delights' such as new snacks, online games, cosmetics and pets. Companies such as Tencent and NetEase posted gaming revenue growth for Q1 2025. Meanwhile, Chinese snackmaker Yankershop reported 76 per cent year-on-year growth in 2024, significantly higher than that of the overall snack industry, thanks to its innovative konjac products. Co-branded products get boost from consumer spend on intellectual property BOA analysts highlighted that consumer spending on intellectual property-related goods and services – such as Labubu toys or domestic movies like Ne Zha – drives up sales for co-branded products. For instance, Pop Mart's retail sales rose by 165 to 170 per cent for Q1 of 2025, with China sales up by 95 to 100 per cent. The success of the animated movie Ne Zha 2, which contributed to around 60 per cent of China's Q1 2025 box office, also drove sales of co-branded products such as milk, teas and toys.

Britain to build $2.6b in weapons factories as Starmer calls for war readiness
Britain to build $2.6b in weapons factories as Starmer calls for war readiness

Straits Times

timean hour ago

  • Straits Times

Britain to build $2.6b in weapons factories as Starmer calls for war readiness

British Pirme Minister Keir Starmer's warning came a day before he publishes a major review of Britain's military capabilities. PHOTO: EPA-EFE Britain to build $2.6b in weapons factories as Starmer calls for war readiness LONDON – Britain must be ready to fight and win a war against states with advanced military forces, Prime Minister Keir Starmer said as his government announced a £1.5 billion (S$2.6 billion) plan to build at least six new weapons and explosives factories. Mr Starmer's warning came a day before he publishes a major review of Britain's military capabilities. Britain and countries across Europe are rapidly trying to boost their defence industries after US President Donald Trump said the continent has to take more responsibility for its own security. 'We are being directly threatened by states with advanced military forces, so we must be ready to fight and win,' Mr Starmer wrote in an article for The Sun on Sunday newspaper, citing as examples Russia's invasion of Ukraine and its cooperation with Iran and North Korea. Defence Minister John Healey announced the munitions investment programme in a BBC interview on June 1, describing it as 'a message to Moscow', as well as a way to stimulate Britain's sluggish economy. The Defence Ministry said it would procure up to 7,000 long-range weapons, built in Britain. The extra investment means Britain will spend around £6 billion on munitions in the current Parliament, the ministry said. The Sunday Times reported the government wanted to purchase US-made fighter jets capable of firing tactical nuclear weapons. The Strategic Defence Review, commissioned by Mr Starmer's Labour government shortly after it won power in July 2024, will set out the threats Britain faces and the military equipment and services needed to meet them. Mr Starmer has already committed to raise defence spending to 2.5 per cent of gross domestic product by 2027 and target a 3 per cent level over the longer term. The government has already announced a £1 billion plan to invest in artificial intelligence that can be used to enhance battlefield decision-making, and has separately committed to spend an extra £1.5 billion to tackle the poor state of housing for the country's armed forces. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

China and US must keep talking to better understand each other: Chan Chun Sing
China and US must keep talking to better understand each other: Chan Chun Sing

Straits Times

time2 hours ago

  • Straits Times

China and US must keep talking to better understand each other: Chan Chun Sing

Defence Minister Chan Chun Sing speaking at the close of the Shangri-La Dialogue on June 1. ST PHOTO: JASON QUAH Shangri-La Dialogue 2025 China and US must keep talking to better understand each other: Chan Chun Sing SINGAPORE - Direct dialogue between the United States and China must continue, as both sides would benefit from understanding each other's perspectives more deeply despite their differences, said Defence Minister Chan Chun Sing. Speaking at a media wrap-up on June 1 at the close of the Shangri-La Dialogue, Mr Chan said his private conversations with both delegations indicated that the superpowers do want to understand each other better, but that this would require frank dialogue. 'Even if they don't agree with what the other party says, it is important for them to hear what each other says and, perhaps more importantly, to understand why each party says what they say,' said Mr Chan. His comments followed two days of discussions at the annual security forum in Singapore, which brought together regional and global defence leaders at the Shangri-La Hotel. The press conference, attended by both local and foreign journalists, was dominated by questions about US Defence Secretary Pete Hegseth's speech at the forum's opening plenary, as well as China's lower-level representation at this year's gathering. On May 31, the Pentagon chief had warned that the threat China posed to its neighbours in the Indo-Pacific was 'real', and he called on Asian countries to raise their defence spending. Mr Chan said he had read Mr Hegseth's speech 'very carefully, more than once' and urged others to consider it in full rather than to focus only on certain parts. While the speech did highlight concerns about China's behaviour, he noted that it also contained a 'quite significant' message of US intent. Mr Hegseth had said the US did not seek war, nor to dominate or to strangle China. It also did not aim to encircle, provoke, or seek regime change, nor will it instigate or disrespect a proud and historic culture, he added. 'Yes, he did talk about the China threat,' said Mr Chan. 'But I think, and I may be wrong, it's the first time something like this has been stated so clearly. 'So I leave it to the audience to put the weights on the different parts of the speech.' Mr Chan stressed the importance of not looking at China or the US as monolithic powers, and that both societies have their domestic and external challenges. Understanding their internal dynamics will help countries understand why leaders of both powers do what they do, he added. This is why the two powers have to talk to one another directly, and where the value of the Shangri-La Dialogue lies, said Mr Chan. Replying to a question on how the US' and China's position on issues such as Taiwan and the South China Sea are so far apart that the two powers just talk over each other, Mr Chan said that is precisely why genuine dialogue is needed. Besides the plenary discussions, the forum's value is in allowing for small-group discussions with counterparts from around the world. Mr Chan said he himself had 13 such meetings on May 31, away from the main discussions. 'It's useful to just go into a room, have a cup of coffee, meet one another and exchange notes,' he said. 'And if Singapore can provide the coffee and the table and chairs, we will gladly do it.' Conversely, it is not very useful in defence diplomacy to exchange notes through social media, especially if the intent is to achieve deeper understanding, he added. On the absence of China's defence minister at the forum, Mr Chan reiterated that each country has their own considerations as to who they send, and there should not be an overemphasis on whether a certain personality attends or not. For the first time since 2019, China's defence minister did not attend the dialogue. In his place, the delegation was led by Rear-Admiral (RADM) Hu Gangfeng, the vice-president of the People's Liberation Army National Defence University. Mr Chan said he met with both the US and Chinese delegations, and that his message to both was the same: that military and economic security must reinforce each other, a perspective shared by many countries over the weekend. Reflecting on his first Shangri-La Dialogue as Defence Minister, Mr Chan said some of his counterparts had asked how he had been able to conduct the forum just seven days into assuming the defence portfolio. The event was clearly not put together in seven days, he said, but was the outcome of a year's worth of work by an entire team that included Mindef, the Singapore Armed Forces and other agencies. 'That is the beauty of the Singapore system - that it goes beyond the dependence on a single personality,' he said. He added that a remark made during the ministerial roundtable discussions that resonated with him was the phrase 'freedom is not free'. This was a powerful reminder that freedom requires commitment - both across political cycles, and in investments into people and capabilities, he said. Besides budgetary resources, freedom also requires public support for defence, and rising to meet new troubles and challenges, he added. 'If we have the commitment to seek peace (and) to work on building those relationships and trust, then I'm more confident, that we can overcome the challenges by finding solutions.' - Hariz Baharudin is a correspondent at The Straits Times covering politics. Join ST's WhatsApp Channel and get the latest news and must-reads.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store