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US deploys three subs in Asia

Three Ohio-class nuclear submarines — heavily armed with Tomahawk cruise missiles — are now making a show of US military power closer than usual to China.

US defense analysts, speaking on the condition of anonymity, said the vessels were in place to demonstrate US commitment to nervous allies in the region.

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US rules out Taiwan free-trade agreement

The US has ruled out a free-trade agreement (FTA) with Taiwan amid a dispute over beef imports, days after the nation signed a sweeping accord with China.

President Ma Ying-jeou (馬英九) has tried to sell the landmark accord with China to voters in part by arguing that Taiwan would now be able to pursue FTAs with more countries, as Beijing would no longer object.

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Newsflash

China’s efforts to gain a greater stake in Australia’s resource industry suffered a new setback yesterday when a Chinese miner dropped a US$400 million bid for a controlling stake in an Australian rare earths miner.

Earlier yesterday, the Australian defense department rejected a separate Chinese investment in an outback mining venture, saying it threatened national security.