Global governance

Southeast Asian countries appear to have unanimously supported China’s Global Development Initiative in the hope that it will contribute towards addressing their development deficits and that China will up its economic game more broadly in the region. But a closer examination shows that other considerations continue to worry them.

At this year’s Davos forum, Chinese Vice-Premier Liu He laid out five points that have led to China’s success so far. However, his session did not see a packed crowd, while China’s claims of sticking to reform and opening up seem less than convincing when taken against its actions. Commentator Jin Jian Guo delves into the importance of staying the course.

While new Chinese Foreign Minister Qin Gang seems to be adopting continuity in Chinese foreign policy, there are subtle nuances that may augur well for China’s diplomacy. As for managing China’s relations with the US, courting US allies would be a good way forward, if China can resist responding with off-putting knee-jerk reactions.

The Group of 7 are relatively aligned in their perceptions of global challenges, particularly when it comes to strategic competitors such as China and Russia, but the same perceptions do not hold true when it comes to the remaining members of the bigger Group of 20.

Amid a world shaken by global events, President Jokowi has done his fair share of shuttle diplomacy in the lead-up to the G20 Summit in Bali later this year. While Indonesia has the potential to play an intermediary role among global powers, it remains circumspect and looks to push forward the G20 agenda in incremental and achievable steps.

Economics professor Zhang Rui identifies the main crises faced by global economies today, their various effects, and how they are interrelated. How will governments handle these challenges and work together to ease the impact of what seems to be a perfect storm of negative factors?

Abe’s major accomplishments are in his diplomacy and security policies, and these are the areas that will be highlighted when history passes judgement on him. PM Fumio Kishida has every reason to pick up where Abe left off, seeking to expand this grand vision of the Indo-Pacific and keep the unreliable US in check, but the biggest obstacle will be establishing a consensus within the ruling party.

Analyst Zheng Weibin notes that the NATO summit in Madrid showed the US’s lack of awareness of what Asian countries really want — namely, not to take sides in the US-China competition. Such lack of judgement will hamper their policy of reinvigorating their relations with Asia. Will they be able to realise the incongruence in their policies and change course?

Hong Kong businessman and political figure Lew Mon-hung notes that China used to have a strong sense of right and wrong, with values of righteousness and morality. However, looking at China’s reaction to the war in Ukraine, it seems that these values have been abandoned. And this can only lead to a shift in the progress that China has made over the past 40 years.