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ASEAN meetings provide crucial neutral ground amid rising tensions: scholar

China

ASEAN meetings provide crucial neutral ground amid rising tensions: scholar
China

China

ASEAN meetings provide crucial neutral ground amid rising tensions: scholar

2025-07-08 19:54 Last Updated At:20:17

⁠⁠⁠⁠⁠⁠⁠The ongoing ASEAN Foreign Ministers' Meeting and related summits in Malaysia's capital offer a vital neutral platform for major powers to engage in constructive dialog, said a Malaysian scholar, as foreign ministers from China, the United States, Russia and other nations gather amid growing regional tensions.

Chinese Foreign Minister Wang Yi, U.S. Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov are among the high-profile attendees at the week-long meetings at the Kuala Lumpur Convention Center, which include all ASEAN members except Myanmar.

University Malaysia Sabah associate professor Lai Yew Meng emphasized the unique value of the East Asia Summit format.

Lai noted that "unlike other forums that risk being dominated by great power agendas, this ASEAN-convened platform maintains balanced space for genuine dialog." 

The scholar's comments come as the meetings address multiple challenges including pending U.S. tariffs affecting several ASEAN economies, Myanmar's ongoing civil conflict, and broader geopolitical tensions from Ukraine to the Middle East.

ASEAN meetings provide crucial neutral ground amid rising tensions: scholar

ASEAN meetings provide crucial neutral ground amid rising tensions: scholar

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 7.0108 against USD Monday

Chinese yuan strengthens to 7.0108 against USD Monday

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