Globalisation

His divisive ways had earned President Donald Trump the moniker “Trump who builds our nation” amongst Chinese netizens. When President-elect Biden assumes power, will he be straitjacketed by the radical left in his party and be turned unwittingly into another “Biden who builds our nation” to the Chinese? Will America's troubles translate to opportunities for China?

The Maldives is well aware that it is of a geostrategic importance to powers seeking to dominate the Indian Ocean and what some term the Indo-Pacific. It has responded well to China’s overtures in the past, but with political pushback against China, and other suitors, not least India and the US, calling on its door, how best should it play its cards?

Values underpin multilateral cooperation, asserts economics professor Zhu Ying. The Chinese case is no exception. Their international engagement has been driven by values, whether in the early period of “leaning to one side” and becoming an ally of the Soviet Union, or the present “multilateralism with Chinese characteristics” held up by mechanisms such as the BRI. Question is, what incentive does the international community have to meet them halfway?

EAI academic Yu Hong notes that the RCEP will bring greater regional economic integration by increasing trade in Asia-Pacific and generating new business opportunities for companies in the 15 member countries of ASEAN, China, Japan, South Korea, New Zealand and Australia. China and ASEAN in particular, are well-placed to reap many of the benefits.

In May this year, China’s leaders proposed a new dual circulation strategy featuring both domestic and international circulation, with emphasis on the former. Associate Professor Gu Qingyang of the Lee Kuan Yew School of Public Policy (LKYSPP) notes how this new strategy will complement the current global economic system, and how it will affect the rest of the world.

The passing of US scholar and China expert Ezra Vogel means one less voice among those in the West who have a deep understanding of China and who are able to provide an objective and realistic assessment of the country. Zaobao correspondent Yang Danxu breaks down what this might mean for the world, and for China-US relations in particular.

The liberalist discursive system leaves little room for one to contemplate the possibility that a strong government can also be a good government, much less the positives of the East Asian developmental state or Asian values. In fact, under the East Asian social contract, people are willing to empower the government for greater outcomes for all, and the government works to win the approval of the people as a means to preserve their legitimacy. Now, when the flaws of liberalism are laid bare by Covid-19 and other crises, it may be worth taking a closer look at the merits of the East Asian social contract. 

US-based researcher Wei Da notes that many in China believe the US will soon be in chaos following an unsettled 2020 US presidential election. He says that while the election has indeed highlighted the widening chasm in the US between conservatism and liberalism, and brought forth calls for change in the electoral system, the US remains a leader and pioneer in seeking out new and innovative ways to advance civilised societies.

Zheng Weibin assesses that the future of the US’s leading role in Asia depends on whether it can see itself retreating from the region and letting their allies in Asian exert influence by proxy. If that is the case, Taiwan may no longer be such a key set piece. Moreover, if both the US and China recalibrate their thinking about each other, they might reach a consensus on coexistence.