US-China talks a step in right direction, despite tough rhetoric: DPM Heng

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SINGAPORE: Last week’s high-level talks between the United States and China are a step in the right direction, showing recognition from both sides ...

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SINGAPORE: Last week’s high-level talks between the United States and China are a step in the right direction, showing recognition from both sides on the need for dialogue and cooperation, said Deputy Prime Minister Heng Swee Keat on Monday .

“Fair, healthy competition can be positive, if it spurs innovation to achieve better solutions for the many complex challenges that the world faces.”Mr Heng was delivering a keynote address at the virtual Credit Suisse Asian Investment Conference on the topic of “Asia: Emerging stronger in a post-COVID world”.Mr Heng also said it was critical for the US and China to remain constructively engaged in Southeast Asia.

“ASEAN is an important partner for the US, not just in terms of tackling existing and emerging global challenges, but also to put regional engagement efforts into concrete action.” “Should US-China tensions escalate, our region must firmly remain anchored on ASEAN’s own interest, and to keep ourselves open and relevant through practical steps. This will enable us to emerge stronger from this crisis.”While the speed of COVID-19 vaccine development is encouraging, recovery is unlikely to be uneven across economies and sectors while vaccination is underway, said Mr Heng.

READ: Singaporeans say bridging digital divide 'key issue' in forging post-COVID-19 future – DPM Heng

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