NATO Must Focus More On Challenge Of Rising China - Report

BRUSSELS/BERLIN, Nov 30 (Reuters) - NATO must think harder about how to handle China and its military rise, though Russia will remain its main adversary during this decade, according to a report to be published on Tuesday on reforming the Atlantic alliance.

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China does not share our values ... and tries to intimidate other countries," he told a news conference, urging allies to come together on the issue. "China is investing massively in new weapons. It is coming closer to us, from the Arctic to Africa.

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However, Eastern European allies, fearful of Russia since Moscow's 2014 annexation of Crimea from Ukraine, are concerned about shifting too many resources away from NATO's core task of defending Europe.

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It is the rising power of our century and NATO must adapt," said one NATO diplomat who has seen the report, pointing to Chinese activity in the Arctic and Africa and to its heavy investments in European infrastructure. "China is no longer the benign trading partner that the West had hoped for.

The report "NATO 2030", prepared by a group of so-called 'wise persons' and containing 138 proposals, comes amid growing doubts about the purpose and relevance of an alliance branded last year by French President Emmanuel Macron as "brain dead".

BRUSSELS/BERLIN, Nov 30 (Reuters) - NATO must think harder about how to handle China and its military rise, though Russia will remain its main adversary during this decade, according to a report to be published on Tuesday on reforming the Atlantic alliance.

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Treasury prices were lower. Stocks on Wall Street were trading higher as the formal go-ahead for Biden's transition to the White House ended weeks of political uncertainty. The dollar fell against a basket of currencies.
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From anger over Turkey's decision to buy a Russian weapons system to U.S.
doubts over Europe's commitment to its own defence, NATO - founded in 1949 to contain a military threat from the Soviet Union - has also faced calls from Trump to do more in the Middle East.

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(Reporting by Julie Ingwersen; Editing by Caroline Stauffer and Marguerita Choy)

NEW YORK, Nov 30 (Reuters) - A Ukraine-born businessman who once helped Donald Trump's personal lawyer Rudy Giuliani gather information about U.S.
President-elect Joe Biden pleaded not guilty to cheating investors in a fraud insurance company, even after his former partner in the venture pleaded guilty.

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