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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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MNI China Daily Summary: Thursday, December 12
Shangri La Conference Kicks Off Amid Heightened US-China Tensions
The Shangri La Security Dialogue, one of the most significant events on the international security calendar, kicks off in Singapore today with no sign of a meeting between US Defense Secretary Lloyd Austin and his counterpart Li Shangfu - a significant setback to US ambitions to re-establish military-to-military contact.
- China has stonewalled Washington's requests for a meeting due to opposition to ongoing sanctions imposed on Li by the Trump administration in 2018 for the purchase of sanctioned Russian defence equipment.
- Semafor: "Though Washington and Beijing have maintained some lines of communication — last month, their commerce chiefs met, U.S. business leaders visited China, and senior foreign policy officials held talks — there has been little in the way of security dialogue. [The US has] reiterated calls for Beijing to resume security talks [which may], counterintuitively, make them less likely, driving China to view talks as a bargaining chip to be traded for other concessions.”
- A Pentagon press release says Austin, "will meet with regional counterparts and deliver remarks highlighting a number of major achievements over the last year with like-minded partners to advance a shared vision for the Indo-Pacific region."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.