In the event of hostilities in the Taiwan Strait, Southeast Asian countries will face a difficult dilemma. Their latitude for manoeuvre will be limited, particularly as the Philippines, a key ASEAN member and a US treaty ally, prepares to provide base access to the US in such a contingency.
ASEAN
Economy
Caixin sat down for an exclusive interview with Malaysia’s new Minister of International Trade and Industry Tengku Zafrul Aziz on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, in January. He spoke about Malaysia's and ASEAN's relations with China, and his thoughts on regional and global trade.
Politics
For years after the Cold War, given its military dominance, the US saw itself as instrumental to maintaining an “Asian peace”. With that mindset, the more it perceives China as a threat to its Asian primacy, the more it will be on the defensive. In truth, Asian peace was achieved through various efforts, and Asia-Pacific countries all have a stake in seeing it maintained.
Politics
Zaobao’s associate editor Han Yong Hong notes that amid the US’s strong response to the recent incident of a Chinese balloon intruding into US airspace, there are other more pressing issues at hand, whereby the US and China need to communicate and cooperate. Both sides will need to keep their focus and work out their priorities.
Politics
If ASEAN can’t tango with China or the US, who else? Pragmatic as always, ASEAN’s favourite choices for hedging partners remain the EU and Japan but attention appears to have also fallen on India as its third choice this year.
Economy
The RMB is now one of the most actively traded currencies in the world and is set to gain further traction globally this year, as the People’s Bank of China implements the government’s strategy to boost the currency’s use overseas, challenging the dominance of the US dollar in the long term.
Politics
South Korea’s new Indo-Pacific strategy underscores the country’s ambitions to be a “global pivotal state”. Seoul seeks to effect a careful balance: inclining towards the US-led grouping advocating a “free and open Indo-Pacific”, while at the same time engaging China.
Politics
Researcher Peng Nian notes that China’s efforts to strengthen its relations with ASEAN through building a “community with a shared future for mankind” could ramp up as its borders reopen. While it may take time for the ASEAN member states to open their arms again to China, progress is far from being at a standstill.
Politics
Delivering the keynote address of the ISEAS-Yusof Ishak Institute’s Regional Outlook Forum 2023, Singapore’s former Foreign Minister George Yeo spoke about the ways that ASEAN’s weakness is also a strength in the transition to a multipolar world.