Uncertainty ahead for Xi’s China

Despite spectacular bounce-back growth in the first half of the year, China’s economy had slowed dramatically by year’s end. Worries centred on the property market, a perennial concern for over a decade due to fears of overheating. 

How China and the U.S might find a way to collaborate

A retreat from the Chinese economy means a retreat from complex regional supply chains that would cause severe economic and political damage to Asia and the global economy.

Australia must learn to navigate the economic realities of China relations

Australia’s export of 12 disrupted goods to China slumped by a combined US$12.6 billion in 2021 compared to the same period in 2019. China’s total import values increased for seven of the 12 goods, with many other countries picking up the lost Australian sales.

Middle power conundrum amid US–China rivalry

The United States and other developed countries are abandoning offshoring to China to cut costs and instead are reshoring, nearshoring or ally-shoring them. The trend of shifting value chains away from China is based on the judgement that leadership in advanced technology is the only means to maintain strategic hegemony.

Kishida unlikely to change course on China and Taiwan

Japan will probably choose to align with the United States and other like-minded countries to enhance its deterrence against China. In this context, Japan will continue to stress the importance of ‘peace and stability across the Taiwan Strait’ and may further promote cooperation with Taiwan for this purpose.

Biden must build stronger trade ties with ASEAN

The United States had not met with ASEAN at the presidential level since former president Donald Trump attended a meeting in Manila in 2017. Biden’s attendance and remarks at the summit signal that Southeast Asia is a higher priority for the current administration.