Political commentator Jin Jian Guo observes that China economic policy has always been ruled by politics, and while it seems that the pendulum is swinging back in favour of private firms after a period of bashing and stifling, this is not a given as the politics of the day still rules.
The US’s recent release of its new National Security Strategy (NSS) represents its vow to outcompete its rivals, especially China, on the international stage. Political commentator Jin Jian Guo says that the ideological tussle between China and the US is becoming a new Cold War and for the NSS to be released during the period of China’s 20th Party Congress, the starter’s pistol has been fired in a strategic competition where there can only be one winner.
China has great motivation to achieve its China Dream of catching up with and surpassing the US. Not only would this wipe away its century of humiliation but also prove the superiority of socialism. However, its actions could make achieving its dream that much harder.
The US’s “strategic ambiguity” on the Taiwan Strait issue comes to question as China-US relations deteriorate. Political commentator Jin Jian Guo notes that the US has said on multiple occasions that it is ready to militarily defend Taiwan, while China has spoken against any intervention from the West. Will the US change its “one China” policy and move towards strategic clarity?
The Russia-Ukraine war has turned into a stage for the US and Russian militaries to flex their muscles, and so too in the case of the Taiwan Strait for the People’s Liberation Army and the US military. Against this backdrop, says political commentator Jin Jian Guo, the arms race in East Asia is quickening its pace, with Japan seeking to revise its constitution, Taiwan aiming to raise military spending next year, and North Korea holding firm to its nuclear programme. How will these developments affect geopolitics and security in the region?
Political commentator Jin Jian Guo believes that the semiconductor Great Leap Forward pushed by the Chinese authorities could have the same devastating effects as the Great Leap Forward of the past. In an industry that is globally interconnected, persisting with the impossible endeavour of becoming fully self-reliant would only result in further instances of failing to learn from history.