32.2 C
Bangkok
Monday, April 29, 2024

Obstacles and opportunities in China’s pursuit of economic openness

China is undoubtedly facing dramatic changes in the global arena. The United States is increasingly mobilising resources and alliances in the Indo-Pacific region and strengthening strategic competition to combat what it sees as a ‘rising China threat’. The Biden administration has deviated from or abandoned almost all of its predecessor’s policies, except for its China policy.

Author: Xu Mingqi, CCIEE

Trump-era tariffs and export controls on Chinese imports continue and the legacy of Trump’s Indo-Pacific strategy endures through the elevation of the Quad and the formation of the AUKUS security arrangement to combat China’s influence. Chinese policymakers recognise these measures as challenges in China’s external environment, stability in which is of utmost importance to the development of the Chinese economy.

However, China remains optimistic and believes in the prevailing…

Read more…

Latest Articles