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US-South Korea missile agreement draws Seoul deeper into Washington-Beijing rivalry, analysts say Park Chan-kyong in Seoul South Korea’s President Moon Jae-in speaks during a meeting with US President Joe Biden at the White House on May 21. Photo: Reuters
The United States has given South Korea free rein to develop missiles that can reach beyond the Korean peninsula, a move analysts say has brought a US frontline ally with fast-developing weapons technology deeper into the mounting rivalry between Washington and Beijing.
Following his Friday summit with US President Joe Biden at the White House, South Korea s President Moon Jae-in said he was pleased to announce the termination of the missile guidelines that had restricted Seoul s development of missiles for decades.
Most Hong Kong consumers are unlikely to go on a shopping spree after the coronavirus pandemic recedes and expect to keep a tight rein on expenses due to the uncertain economic outlook, according to a recent survey. Over 70 per cent of the survey respondents said that they would continue to take a "pragmatic" approach towards consumption in the post-pandemic world, according to a survey of Citibank, the consumer division of US lender Citigroup. No overseas travel and work-from-home restrictions lowered almost half of Hong Kong residents' expenses by 13 per cent last year to HK$10,700 a month, the survey of over 1,202 Hong Kong residents aged 21 to 60 who earned over HK$12,000 per month showed. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The survey results dash the