While attending the recent Shangri-La Dialogue on Security in Singapore, Japan’s Prime Minister Kishida Fumio stressed the need to oppose unilateral changes to the status quo by force, no matter where they occur. “I myself have a strong sense that Ukraine today may be East Asia tomorrow,” he warned. Needless to say, Kishida was referring to the possibility of a Chinese invasion of Taiwan.
The U.S. sought to bolster its support in Asia by reassuring nations they do not need to join a coalition against China, drawing a stark contrast with Beijing’s threats to defend its interests with military force, said Bloomberg.
The Bloomberg report — US Makes Asia Inroads by Playing Down Need to Oppose China — said on June 13:
From the very onset, the China Pakistan Economic Corridor (CPEC) has not only become a buzzword on the domestic political scene but sharply divided the domestic political spectrum of Pakistan. The debate surrounding CPEC can be broadly categorized into three types. The CPEC supporters see it as a panacea for most of Pakistan’s problems which is plausible, given its transformative potential.
The UN’s Food and Agriculture Organization (FAO) welcomed an unprecedented $150 million contribution from the World Bank to provide critical livelihood and life-saving assistance to the most vulnerable rural populations in Afghanistan.
The United Nations Deputy High Commissioner for Refugees, Kelly T. Clements and an accompanying delegation met with Afghanistan’s acting Deputy Foreign Minister, Mohammad Abbas Stanekzai, in Kabul where they discussed the return of refugees and resettlement of IDPs.
The study of economic growth is mandatory for those who pay attention to the economy, and that is precisely what we at ANBOUND are doing. As early as 2013, we conducted a study on China’s economic growth through information analysis methods. The conclusion is that China’s economic growth cannot continue to grow at a high speed, but will decline in stages. In an ideal scenario, roughly every 10 years, the average level of economic growth will drop by one percentage point. After three decades, its growth will reach 5%, thus forming a consumption-oriented society. The final result is a pyramid-shaped growth trend, therefore this conclusion is christened the “pyramid model”.
The war in Ukraine has become a turning point for developing countries, many of whom could give up the gains made in economic growth and reduction in poverty over the past three decades.
A growing number of developing nations are vulnerable to political instability caused by debt crises, as is shown by Sri Lanka’s current plight. US and Western leadership in reforming the international financial system is needed to avoid the developing world becoming more dependent on China.
How Beijing’s Economic Missteps and Support for Russia Soured European Leaders
In April and May, as Russia’s war in Ukraine entered its third month, China sent a special envoy to meet with officials in eight central and eastern European countries. The timing was not coincidental: in the two months since Russia had launched its invasion, China’s standing in Europe had sunk to new lows.
The war in Ukraine has become a turning point for developing countries, many of whom could give up the gains made in economic growth and reduction in poverty over the past three decades.
A growing number of developing nations are vulnerable to political instability caused by debt crises, as is shown by Sri Lanka’s current plight. US and Western leadership in reforming the international financial system is needed to avoid the developing world becoming more dependent on China.
Ukraine’s successes in resisting and even turning back an invasion by a numerically superior Russian force has raised expectations in East Asia that smaller nations in the region could conceivably fend off an attack from a large military like China’s. Taiwan, of course, has long struggled with executing such a defense strategy, but since its strategic considerations are in many ways unique, other countries nominally threatened by China may not be able to draw as many lessons from Taipei’s experience. Ukraine’s performance in its war against Russia, on the other hand, may look to them like a more relevant model—for better or worse.