China's President Xi Jinping meets then-US vice president Joe Biden in Beijing. AP
China's President Xi Jinping meets then-US vice president Joe Biden in Beijing. AP
China's President Xi Jinping meets then-US vice president Joe Biden in Beijing. AP
China's President Xi Jinping meets then-US vice president Joe Biden in Beijing. AP

US and China on collision course, says Singapore leader Lee Hsien Loong


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The US and China are on course for a major clash if both countries refuse to back down from uncompromising positions, Singapore Prime Minister Lee Hsien Loong said on Friday.

Mr Lee told the World Economic Forum that China “will not collapse like the Soviet Union” and the US should not view the country as a threat.

He urged China to show “greater responsibility” on the world stage so it could be viewed as a legitimate power in the eyes of its detractors.

Earlier, China warned Taiwan that seeking independence "means war". China recently stepped up military activities with warplanes flying near the island.

Three days after US President Joe Biden’s inauguration, Chinese military aircraft reportedly simulated missile attacks on a nearby US aircraft carrier during an incursion into Taiwan’s air defence zone.

Mr Lee named deteriorating US-Chinese relations as the most worrying trend on the world stage.

“Both powers have adapted more assertive, uncompromising postures,” he said. “The US now sees China as a strategic rival and challenger to its pre-eminent position. And China is vigorously asserting what it sees as its rightful place in the world.”

But, he said, it was not too late to change course.

“Given the enormous stakes, as difficult as it will be, it cannot possibly be too late for the US and China to reset the tone of their interactions and avert a clash between them, which will become a generational twilight struggle,” Mr Lee said.

“The new US administration has an opportunity to steer the relationship to safer waters. Americans are seeing China as a challenger, almost as a threat. If you see China as a threat, that will be a problem. China is not going to collapse like the Soviet Union did.”

Mr Lee warned certain countries against hijacking vaccine supplies during the global race to immunise people against Covid-19.

Singapore's Prime Minister Lee Hsien Loong addresses the World Economic Forum in Davos. EPA
Singapore's Prime Minister Lee Hsien Loong addresses the World Economic Forum in Davos. EPA

The European Union plans to block exports of vaccines that are not legitimate after the bloc's inoculation campaign was thrown into disarray by AstraZeneca's decision to reduce deliveries.

Mr Lee likened the global vaccine struggle to the early days of the pandemic when countries scrambled for PPE supplies.

“It was every man for himself,” he said. “I think we will see the same with vaccines because supplies are short. But if the virus is brewing in other continents, soon enough it will reach your shores by land, air or sea.”

Mubadala World Tennis Championship 2018 schedule

Thursday December 27

Men's quarter-finals

Kevin Anderson v Hyeon Chung 4pm

Dominic Thiem v Karen Khachanov 6pm

Women's exhibition

Serena Williams v Venus Williams 8pm

Friday December 28

5th place play-off 3pm

Men's semi-finals

Rafael Nadal v Anderson/Chung 5pm

Novak Djokovic v Thiem/Khachanov 7pm

Saturday December 29

3rd place play-off 5pm

Men's final 7pm

RESULTS
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Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

RACECARD
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The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

if you go

The flights
Flydubai offers three daily direct flights to Sarajevo and, from June, a daily flight from Thessaloniki from Dubai. A return flight costs from Dhs1,905 including taxes.
The trip 
The Travel Scientists are the organisers of the Balkan Ride and several other rallies around the world. The 2018 running of this particular adventure will take place from August 3-11, once again starting in Sarajevo and ending a week later in Thessaloniki. If you’re driving your own vehicle, then entry start from €880 (Dhs 3,900) per person including all accommodation along the route. Contact the Travel Scientists if you wish to hire one of their vehicles. 

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.