Qommodity’s Qaa Token Available on Bitmart Starting August 4

Qommodity will launch its QAA token on the crypto trading platform Bitmart, on the 4th of August. This is the third centralized crypto exchange that will trade the QAA token, alongside Latoken and LBank. The QAA token acts as a voucher that gives buyers the possibility to swap it for the QAAA Security Token at the market value price at the moment of exchange, when the QAAA launch is imminent.

Featured Image for Qommodity QAA Ltd.

Featured Image for Qommodity QAA Ltd.

DUBAI, Arab Emirates, Aug. 01, 2022 (GLOBE NEWSWIRE) — Crypto enthusiasts will be able to purchase Qommodity’s QAA token on an additional crypto exchange platform starting August 4. Founded in 2017, BitMart has since grown into a large cryptocurrency trading platform, with over 5 million customers in more than 180 countries. According to CoinGecko, the company ranks in the top 20 exchanges in the world.

The QAA token is a special token in the sense that it will be interchangeable with the revolutionary asset-backed QAAA, once the latter is launched.

QAAA is a one-of-a-kind security token that will build the bridge between the traditional financial system and digital currency. The assets that stand behind it are unexploited natural resources.

Qommodity’s exploration licenses now cover a total area of 354.5 sq. km in Sierra Leone, valuing the in-ground resources through the certification standard NI43-101.

Through this, the company aims to trigger the largest transition of wealth in the history of mankind since these untapped resources will be made suitable for monetization within the monetary system.

Besides creating an absolutely unique hybrid cryptocurrency, Qommodity also plans to change the lives of millions of people who are now facing extreme poverty. By leaving the precious resources in the ground, the project aims to increase the value of the land, which will bring financial benefits and business opportunities to local communities.

Qommodity’s project will also help provide solutions to basic human needs, such as clean water, and access to quality medicine and education.

The system behind the QAA token is backed with sophisticated customer support to make sure that everyone is able to purchase the token without any experience in finance or cryptocurrencies.

Starting August 4, Qommodity’s QAA token will be available for purchase on Bitmart. The QAA is already available on Latoken, LBank, and Qommodity’s website:

BitMart: https://www.bitmart.com
LBank: https://www.lbank.info
Latoken: https://latoken.com
www.qommodity.io

Read more about Qommodity’s values and mission on their website. Follow the company on social media to keep up with the project development and discover the next platform they’ll be listed on:

Facebook: https://www.facebook.com/Qommodity.io 
Instagram: https://www.instagram.com/qommodity.io
Twitter: https://twitter.com/qommodityio 
Telegram Channel: https://t.me/qommodityglobal 
Telegram Group: https://t.me/Qommodityio 
Tiktok: https://www.tiktok.com/@qommodity.io
Youtube: https://www.youtube.com/c/Qommodityio 
Discord: https://discord.gg/XZ3NNUvPrH
Medium: https://medium.com/@qommodityio 

www.qommodity.io
marketing@qommodity.io

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Qommodity’s Qaa Token Available on Bitmart Starting August 4

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Azerbaijani currency rates for August 2

BAKU, Azerbaijan, August 2. The official exchange rate of the US dollar and euro against Azerbaijani manat as of August 2, 2022 is set at 1.7 and 1.7465 manat, respectively, Trend reports via Central Bank of Azerbaijan (CBA).

According to CBA the manat rate to other currencies on August 2 is as follows:

Currencies Official exchange rate

1 US dollar USD 1.7

1 Euro EUR 1.7465

1 Australian dollar AUD 1.1857

1 Argentine peso ARS 0.0129

1 Belarus ruble BYN 0.6734

1 Brazil real BRL 0.3278

1 UAE dirham AED 0.4628

1 South African rand ZAR 0.1027

100 South Korean won KRW 0.1301

1 Czech koruna CZK 0.0709

1 Chilean peso CLP 0.1906

1 Chinese yuan CNY 0.2511

1 Danish krone DKK 0.2346

1 Georgian lari GEL 0.6219

1 Hong Kong dollar HKD 0.2166

1 Indian rupee INR 0.0216

1 British pound GBP 2.0828

100 Indonesian rupiah IDR 0.0114

100 Iranian rials IRR 0.004

1 Swedish krona SEK 0.1679

1 Swiss franc CHF 1.7899

1 Israeli shekel ILS 0.5048

1 Canadian dollar CAD 1.3224

1 Kuwaiti dinar KWD 5.5483

1 Kazakh tenge KZT 0.0036

1 Kyrgyz som KGS 0.0205

100 Lebanese pound LBP 0.1125

1 Malaysian ringgit MYR 0.3814

1 Mexican peso MXN 0.0831

1 Moldovan leu MDL 0.0883

1 Egyptian pound EGP 0.0897

1 Norwegian krone NOK 0.1762

100 Uzbek soum UZS 0.0156

1 Polish zloty PLN 0.37

1 Russian ruble RUB 0.0274

1 Singapore dollar SGD 1.2337

1 Saudi riyal SAR 0.4526

1 SDR (Special Drawing Rights of IMF) XDR 2.2521

1 Turkish lira TRY 0.095

1 Taiwan dollar TWD 0.0566

1 Tajik somoni TJS 0.1655

1 New Turkmen manat TMT 0.4857

1 Ukrainian hryvna UAH 0.0465

100 Japanese yen JPY 1.3012

1 New Zealand dollar NZD 1.0738

Source: TREND News Agency

Zero possibility of India going into recession, says Sitharaman in Lok Sabha on price rise

Highlighting India’s robust economic health despite the COVID pandemic and geo-political situation, Union Finance Minister Nirmala Sitharaman on Monday said there is no question of India getting into stagflation or recession like other major economies of the world, Trend reports citing ThePrint.

In her reply to the debate on price rise at the Lok Sabha, Sitharaman said, “We have never seen a pandemic of this kind. All of us were trying to make sure that people in our constituencies are given extra help. I recognise that everybody -MPs and state governments have played their role. Otherwise, India would not be where it is compared to the rest of the world.”

“So, I fully credit the people of India for this. Even against adversity, we are able to stand up and be recognised as the fastest growing economy,” she said.

The Finance Minister emphasized that due to the measures taken by the government, India is in a much better position than most countries.

“Repeatedly in the assessment of global agencies, India remains the fastest growing economy in the assessment of global agencies. This House irrespective of the party should feel proud of the country and its people. State governments have helped,” she stated in the Lok Sabha.

Referring to a survey, Sitharaman said there is zero possibility of India getting into recession.

Sitharaman said the Gross Domestic Product (GDP) of the US fell 0.9 per cent in the second quarter following a 1.6 per cent decline in the first quarter. “They start it calling an unofficial recession. There is no question of India getting into recession or stagflation,” said the Minister.

“In spite of that, we have held inflation well within 7 per cent or below. That has to be recognised,” she told Lok Sabha.

She further said, “. In India, the gross NPAs (Non-Performing Assets) of scheduled commercial banks is at a 5-years low of 5.9 per cent in 2022. So our NPAs are improving. The government debt to GDP Ratio of many countries is in triple digits including Japan, Greece, Bhutan, Singapore, the US, Portugal, Spain, France, Sri Lanka and Canada. But the central government very consciously controlled its debt and it is at 56.29 per cent of the GDP at the end of 2021-22 compared to the 59.9 per cent revised estimate that year.”

According to IMF data, Sitharaman said the general debt to GDP ratio is 86.9 per cent including the Centre and the state.

In July 2022, the Minister said the country has garnered the second highest level ever since the introduction of the GST which is 1.49 lakh crore. “In April 2022, it was 1.67 lakh crore which was the highest we reached. This is the fifth consecutive month that collections have been above Rs 1.4 Lakh crores,” she said.

Quoting former Reserve Bank of India (RBI) Governor Raghuram Rajan, she said, “On Saturday, Raghuram Rajan said that ‘RBI has done a good job in increasing foreign exchange reserve in India, insulating India from problems being faced by neighbouring countries.

“Differentiating India from its vulnerable neighbours, Raghuram Rajan further added that ‘New Delhi is less indebted’, calling it a good sign, the Minister said.

Amid Sitharaman’s reply to the debate on price rise, Congress members walk out from Lok Sabha.

Source: TREND News Agency

America’s Biggest Warehouse Running Out of Room; It’s About to Get Worse

America’s largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing, electronics, furniture and other goods that have packed the distribution centers east of Los Angeles.

The merchandise keeps flooding in from across the Pacific, and for one of the busiest U.S. warehouse complexes, things are about to get worse.

Experts have warned the U.S. supply chain would get hit by the “bullwhip effect” if companies panic-ordered goods to keep shelves full and got caught out by a downturn in demand while shipments were still arriving from Asia.

In the largest U.S. warehouse and distribution market — stretching east from Los Angeles to the area known as the “Inland Empire” — that moment appears to have arrived.

“We’re feeling the sting of the bullwhip,” said Alan Amling, a supply-chain professor at the University of Tennessee.

The sprawl of Inland Empire warehouses centered in Riverside and San Bernardino counties grew quickly in recent years to handle surging demand and goods imported from Asia.

That booming area, visible from space, anchors an industrial corridor encompassing 1.6 billion square feet of storage space that extends from the busiest U.S. seaport in Los Angeles to near the Arizona and Nevada borders. That much storage space is nearly 44 times larger than New York City’s Central Park and 160 times bigger than Tesla Inc’s TSLA.O new Gigafactory in Texas.

But a consumer spending pullback now threatens to swamp warehouses here and around the country with more goods than they can handle — worsening supply — chain snarls that have stoked inflation. Retailers left holding unwanted goods are faced with the choice of paying more money to store them or denting profits by selling them at discount.

Inland Empire warehouse vacancies are among the lowest in the nation, running at a record 0.6% versus the national average of 3.1%, according to real estate services firm Cushman & Wakefield.

The market is poised to get even tighter as shoppers at Walmart WMT.N, Best Buy BBY.N and other retailers retreat from early COVID-era spending binges.

Binge to backlog

While U.S. consumer spending remains above pre-pandemic levels, retailers and suppliers are raising alarms about backlogs in categories that have fallen out of fashion as consumers catch up on travel and struggle with the highest inflation in 40 years.

Last week, Walmart said surging food and fuel prices left its lower-income customers with less cash to spend on goods, and Best Buy said shoppers were curbing spending on discretionary products like computers and televisions. Those cautionary signals followed Target Corp’s TGT.N alert that it was saddled with too many TVs, kitchen appliances, furniture and clothes.

Suppliers — ranging from barbecue grill maker Weber Inc WEBR.N to Helen of Troy Ltd HELE.O, a consumer brands conglomerate that includes OXO kitchen tools — also have warned of slowing demand and an urgent need to clear inventories.

While the U.S. economy was downshifting, goods kept pouring in at near-record levels.

Imports to U.S. container ports that process retail goods from China and other countries jumped more than 26% in the first half of 2022 from pre-pandemic levels, according to Descartes Datamyne. Christmas shipments and the reopening of major Chinese factory hubs could goose volumes further.

Meanwhile, cargo keeps flooding in to the busiest U.S. seaport complex at Los Angeles/Long Beach. During the first half of this year, dockworkers there handled about 550,000 more 40-foot containers than before the pandemic started, according to port data.

Christmas toys and winter holiday decor landed on those docks in July, along with some patio furniture for Walmart and stretch pants, jeans and shoes for Target, said Steve Ferreira, CEO of Ocean Audit, which scrutinizes marine shipping invoices.

Retailers ordered most of those goods months ago and many are destined for the Inland Empire’s already jam-packed warehouses.

“It’s a domino effect. Now the inventory is going to really build up,” said Scott Weiss, a vice president at Performance Team, a Maersk MAERSKb.CO company with 22 warehouses in greater Los Angeles.

Demand for space in the Inland Empire is so intense that when 100,000 to 200,000 square feet of space frees up, it “gets gobbled up in a second,” said Weiss.

Sears and parking lots

Investors have almost 40 million square feet under construction in the Inland Empire — including Amazon.com Inc’s AMZN.O biggest-ever warehouse — and at least 38% is spoken for, said Dain Fedora, vice president of research for Southern California at Newmark, a commercial real estate advisory firm.

While Amazon’s 4.1 million square-foot facility rises on former dairy land in the city of Ontario, the online retailer has been shelving construction plans in other parts of the country.

Amazon is the biggest warehouse tenant in the Inland Empire and the nation. Its decision to scale back on building, coupled with rising interest rates and the slowing economy, is sidelining other would-be Inland Empire warehouse builders, area real estate brokers and economists told Reuters.

Meanwhile, the scramble for space continues.

Trucking company yards and spare lots around the region have already been converted to makeshift container storage, so entrepreneurs are marketing vacant stores as last-resort warehouses in waiting.

Brad Wright is CEO of Chunker, which bills itself as an AirBNB for warehouses, and works with everyone from state officials to the owners of vacated big-box stores to find new places to stash goods.

During a recent tour at the former Sears anchor store in San Bernardino’s Inland Center mall, Wright and a potential tenant strolled past collapsed ceiling tiles, sagging wall panels and idled escalators while working out how forklifts would navigate the abandoned space. Wright sees the empty stores as one answer to easing the log jams.

“There’s a lot of them sitting around, and they’re in good locations,” he said.

Source: Voice of America

India Reports First Death Due to Monkeypox

India is accelerating action against the monkeypox virus after reporting its first death due to monkeypox in the southern state of Kerala, that of a 22-year-old man who had recently returned from the United Arab Emirates.

The death of the young man is the first due to monkeypox in Asia, where several countries have reported outbreaks of the viral infection that has been declared a global public health emergency by the World Health Organization.

Kerala health authorities announced the death on Monday after it was confirmed that the man had monkeypox. He had died in a hospital on Saturday, about a week after returning from the UAE, where his family said he had tested positive for the infection. By the time doctors were informed, he was already critical.

Samples from the man that were tested in India also detected the virus, according to Kerala Health Minister, Veena George.

This is the fourth monkeypox death reported globally outside Africa. So far there have been two monkeypox related fatalities in Spain and one in Brazil.

Kerala health authorities said that about 20 persons, who had been in contact with the 22-year-old, are being monitored. Passengers who were on the flight with him from UAE to Kerala have also been contacted and authorities have urged people with symptoms to inform doctors.

After the death was reported in Kerala, the federal government said it is setting up a task force to monitor the outbreak in the country.

Fifteen laboratories have been designated to diagnose monkeypox while some states, including the capital, New Delhi, have set up isolation wards.

India has so far detected six cases of the viral disease – four in Kerala and two in New Delhi.

Meanwhile the government has invited domestic vaccine makers to consider making shots against monkeypox after the country reported some cases of infection.

The Indian Council of Medical Research, the federal medical research organization, said last week that it is willing to share the monkeypox virus strain it has isolated to aid the process of developing a vaccine. India is a major vaccine producer.

Vaccines already exist for monkeypox, including those used to eradicate smallpox. Experts have said that unlike COVID 19, mass vaccinations against monkey pox will not be necessary.

Monkeypox, which was first discovered in a monkey, is related to the smallpox virus, which was eradicated in 1980, but is far less severe.

The disease has been found in more than 70 countries where it is not endemic. According to The U.S. Centers for Disease Control and Prevention more than 23,000 monkeypox cases have been detected since January in these countries.

In a statement last week, the World Health Organization’s regional director in South East Asia, Poonam K. Singh, said the risk of a monkeypox outbreak in the region was “moderate but the potential of its further international spread is real.” She said that “We need to stay alert and be prepared to roll out an intense response to curtail the spread of monkeypox.”

Source: Voice of America

Pelosi’s visit to Taiwan in no way contradicts longstanding US policy – statement

BAKU, Azerbaijan, August 2. Speaker Nancy Pelosi’s visit to Taiwan in no way contradicts longstanding United States policy, Trend reports citing her statement.

Speaker Nancy Pelosi and Members of a Congressional Delegation issued this statement upon arrival in Taiwan. This visit is the first official visit to Taiwan by a Speaker of the United States House of Representatives in 25 years.

According to her, the US Congressional delegation’s visit to Taiwan honors America’s unwavering commitment to supporting Taiwan’s vibrant Democracy.

“Our visit is part of our broader trip to the Indo-Pacific, including Singapore, Malaysia, South Korea and Japan — focused on mutual security, economic partnership and democratic governance. Our discussions with Taiwan leadership will focus on reaffirming our support for our partner and on promoting our shared interests, including advancing a free and open Indo-Pacific region. America’s solidarity with the 23 million people of Taiwan is more important today than ever, as the world faces a choice between autocracy and democracy,” the speaker noted.

“Our visit is one of several Congressional delegations to Taiwan – and it in no way contradicts longstanding United States policy, guided by the Taiwan Relations Act of 1979, U.S.-China Joint Communiques and the Six Assurances. The United States continues to oppose unilateral efforts to change the status quo,” said the statement.

Source: TREND News Agency

Transcript of Minister for Foreign Affairs Dr Vivian Balakrishnan’s Remarks at the Official Opening Ceremony of Cambodia-Singapore Cooperation Centre on 2 August 2022

His Excellency, Prak Sokhonn, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of the Kingdom of Cambodia.

Distinguished guests, Ladies and Gentlemen.

Thank you all for joining us this morning for the official opening of the Cambodia-Singapore Cooperation Centre (CSCC).

I am delighted to be back in Phnom Penh. It is incredible how six months have just flown by – it just shows you how busy we have been. Cambodia is one of Singapore’s oldest friends. In fact, Singapore’s founding Prime Minister Mr Lee Kuan Yew and the late King-Father Norodom Sihanouk laid very strong foundations for our relations even before Singapore’s independence, and therefore, even before Cambodia’s travails. Today, our countries both enjoy growing trade and investment and people-to-people links, as well as very close cooperation on human resource development.

This year marks the 30th anniversary of the Singapore Cooperation Programme (SCP). It also marks 20 years of Singapore’s technical cooperation with Cambodia under the Initiative for ASEAN Integration (IAI). We established the Cambodia-Singapore Training Centre in 2002, after ASEAN leaders launched the IAI in 2000 in order to support capacity building in the newer ASEAN member (states), including Cambodia. Since then, we have welcomed more than 10,700 Cambodian government officials to our IAI courses and more than 16,600 have participated in courses under the Singapore Cooperation Programme. I believe there a few alumni members here today and they have just put a human face to these numbers that I have just cited.

In 2018, Singapore pledged to enhance the IAI Training Centres to Singapore Cooperation Centres, or the SCCs. These centres serve as an integrated platform for Singapore to deliver capacity building programmes more holistically.

The CSCC was the first Centre to begin operations in July 2018. It has since conducted 76 runs of IAI training courses covering a wide range of topics, including using innovation and technology to promote food security and safety, increasing digital adoption by Micro Small and Medium Enterprises and healthcare sectors to accelerate business recovery, enhance resilience of public health systems, as well as the sharing of best practices on innovation in public policy and governance. The CSCC brings Singapore entities and ASEAN Dialogue Partners together, including our foreign development assistance agencies in order to provide more relevant and up to date capacity building programmes in Cambodia.

For example, the CSCC partnered with Civil Service College Singapore, Temasek Foundation, and the Cambodian Ministry of Civil Service and the Royal School of Administration to organise a “Leadership Development Programme” for senior Cambodian officials in February 2020. The CSCC is also working with the German Agency for International Cooperation on providing English Language training as part of the “Investment Promotion and Private Sector Development Fellowship Programme” for provincial officials from areas like Banteay Meanchey, Battambang, and Siem Reap. We welcome collaboration opportunities with potential partners to provide more targeted joint-training programmes for Cambodian government agencies.

The last few years have been very challenging for the whole world, and of course for Cambodia and Singapore too. But I am heartened, and I am sure DPM Prak Sokhonn will agree with me that Singapore and Cambodia have come through this crisis together, stronger and even more confident of our mutual support for one another. I recall that when we met here six months ago, we had agreed to expand bilateral cooperation, especially in new areas such as connectivity, infrastructure development, fintech and digital economy. I am here to say that we remain committed to supporting Cambodia.

As we emerge from the pandemic, we look forward to having even more Cambodian officials back in the CSCC in-person for the IAI courses and other CSCC programmes. We also look forward to working with the Ministry of Foreign Affairs and International Cooperation (MFAIC) of the Kingdom of Cambodia to further expand our technical cooperation through the CSCC.

My good friend, DPM Prak Sokhonn. As Cambodia matures, develops and becomes even more advanced – as I was flying in (I noticed) you have a spectacular city – it is so obvious that much has happened here. I would also say that our relations have reached new heights. The reason why we called it cooperation and mutual exchange is because that is exactly what we mean. We learn from you, you learn from us. Together, we are even better and more effective. Thank you again for being here in person. I know that you are going to be very busy for the next three, four days, but you have made time for us today.

Thank you so much, my dear friend.

Source: Ministry of Foreign Affairs, Government of Singapore

Explainer: Why Pelosi Went to Taiwan, and Why China’s Angry

When House Speaker Nancy Pelosi flew into Taiwan on an Air Force passenger jet Tuesday, she became the highest-ranking American official in 25 years to visit the self-ruled island. China announced military maneuvers in retaliation, even as Taiwanese officials welcomed her and she headed to her hotel.

The reason her visit ratcheted up tension between China and the United States: China claims Taiwan as part of its territory, and it views visits by foreign government officials as them recognizing the island’s sovereignty.

President Joe Biden has sought to calm that complaint, insisting there’s no change in America’s longstanding “one-China policy,” which recognizes Beijing but allows informal relations and defense ties with Taipei.

Pelosi portrays her high-profile trip as part of a U.S. obligation to stand with democracies against autocratic countries, and with democratic Taiwan against China.

A look at some of the issues at play:

Why did Pelosi go to Taiwan?

Pelosi has made a mission over decades of showing support for embattled democracy movements. Those include a trip in 1991 to Tiananmen Square, where she and other lawmakers unrolled a small banner supporting democracy, as frowning Chinese security officers tried to shut them down. Chinese forces had crushed a homegrown democracy movement at the same spot two years earlier.

The speaker is framing her Taiwan trip as part of a broader mission at a time when “the world faces a choice between autocracy and democracy.” She led a congressional delegation to the Ukrainian capital of Kyiv in the spring, and her latest effort serves as a capstone to her years of promoting democracy abroad.

“We must stand by Taiwan,” she said in an opinion piece published by The Washington Post on her arrival in Taiwan. She cited the commitment that the U.S. made to a democratic Taiwan under a 1979 law.

“It is essential that America and our allies make clear that we never give in to autocrats,” she wrote.

What is the U.S. stand on Taiwan?

The Biden administration, and Pelosi, say the United States remains committed to its “one-China policy.”

Taiwan and mainland China split during a civil war in 1949. But China claims the island as its own territory and has not ruled out using military force to take it.

China has been increasing both diplomatic and military pressure in recent years. It cut off all contact with Taiwan’s government in 2016 after President Tsai Ing-wen refused to endorse its claim that the island and mainland together make up a single Chinese nation, with Communist Beijing the sole legitimate government.

Beijing sees official American contact with Taiwan as encouragement to make the island’s decades-old de facto independence permanent, a step U.S. leaders say they don’t support.

How is the Chinese military handling the tension-raising trip?

Soon after Pelosi’s arrival, China announced a series of military operations and drills, which followed its promises of “resolute and strong measures” if Pelosi went through with her visit.

China’s People’s Liberation Army said the maneuvers would take place in the waters and skies near Taiwan and include the firing of long-range ammunition in the Taiwan Strait.

China’s official Xinhua News said the army planned to conduct live-fire drills from Thursday to Sunday across multiple locations. An image released by the news agency indicated that the drills were to take place in six different areas in the waters surrounding Taiwan.

Taiwan’s Defense Ministry said early Wednesday that China had sent 21 planes flying toward Taiwan, 18 of them fighter jets. The rest included an early warning plane and an electronic warfare plane.

How has the United States responded?

While Biden has expressed some wariness about Pelosi’s trip, the administration has not openly opposed it and said it is up to Pelosi to decide whether to go.

Ahead of Pelosi’s visit, the American military increased its movements in the Indo-Pacific region. The aircraft carrier USS Ronald Reagan and its strike group were in the Philippine Sea on Monday, according to officials who spoke on condition of anonymity to discuss military operations.

The Reagan, the cruiser USS Antietam and the destroyer USS Higgins left Singapore after a port visit and moved north toward their home port in Japan. The carrier has an array of aircraft, including F/A-18 fighter jets and helicopters, as well as sophisticated radar systems and other weapons.

Is armed conflict a risk?

Chinese President Xi Jinping and Biden both have made clear they don’t want that. In a call with Biden last week, Xi echoed a theme of Biden’s — their countries should cooperate on areas where they can.

The biggest risk is likely an accident if China tries the kind of provocative maneuver it’s increasingly been executing with other militaries around the South China Sea. Those include close fly-bys of other aircraft or confronting vessels at sea.

However, when it comes to the United States, with the world’s strongest military, “despite a chorus of nationalistic rhetoric, China will be careful not to stumble into a conflict with colossal damages on all fronts,” said Yu Lie, a senior research fellow at the Chatham House think tank.

For China, the best approach is patience and time, Jie said — building toward the day when its economy and military could be too big for the U.S. to challenge.

Source: Voice of America