China

Those funds have been hidden in the state banks, and largely escaped scrutiny, Brad W. Setser, the Deputy Assistant Secretary for International Economic Analysis in the US Department of the Treasury, wrote in The China Project. Institutions that report to China’s central government probably have closer to $6 trillion in foreign assets than the $3.12 trillion reported in December 2022.

But the legal system concerning foreign affairs still has some shortcomings, said an official of the Legislative Affairs Commission, adding that in particular, gaps exist in laws concerning safeguarding national sovereignty, security and development interests. "Speeding up the building of the legal system concerning foreign affairs will help China more effectively deal with risks and challenges," the official said.

The law, coming into force from July 1, comes as China’s authoritarian government pushes back against what it sees as American efforts to suppress its development, following US export controls on some high-tech goods and efforts to reduce reliance on Chinese suppliers in the sensitive sectors, CNN reported.

A South Asia expert at the Hudson Institute describes US-India as a boon to President Biden to declare to the world that the US has got India as ally on his side. The US considers China the most serious long-term challenger to the United States, despite renewed efforts to manage tensions.

Japan has confirmed balloons have flown over its territory and said it's prepared to shoot them down in future, BBC reported. US-China relations were thrown into turmoil earlier this year, when an alleged Chinese spy balloon was shot down off the US coast.

John Kirby, the spokesperson, went on to call India an "exporter of security" increasingly and, he added on Friday that the US welcomes that and that would explain to an extent a lot of the deliverables announced by the two sides.

In an interview, she said that Pakistan no longer has the appetite to pick a side between the world's two largest superpowers, highlighting that Islamabad values its relations and wants to maintain a neutral balance with both the nations. Khar's interview was recorded before US President Joe Biden called his Chinese counterpart Xi Jinping a dictator during a political event in California.

The US ranks seventh among nations considered as friendly, compared to China, which ranked second in the Arab Youth Survey conducted by Dubai-based public relations firm ASDA'A BCW, reports CNN. The findings show that support for China has gradually risen over the years as Beijing expands its footprint in the region. But they also reveal that as much as Arabs want the US to play a smaller role in the Middle East, many believe the superpower will continue to be the most influential actor, CNN reported.

The request was put forward following a meeting between Bangladeshi Prime Minister Sheikh Hasina and South African President Cyril Ramaphosa in Geneva last Wednesday, Bangladeshi newspaper Dhaka Tribune reported on Monday.

Instead, Khar told a news outlet that Islamabad is apprehensive about the fallout of an all-out rupture between the US and China, The News reported. In such an instance, Pakistan would face an unfavourable strategic choice. "We are highly threatened by this notion of splitting the world into two blocs," Khar said, The News reported.