Tag: Southeast Asia

Why What We Thought About the Global Economy Is No Longer True

Media Library

When the world’s business and political leaders gathered in 2018 at the annual economic forum in Davos, the mood was jubilant. Growth in every major country was on an upswing. The global economy, declared Christine Lagarde, then the managing director of the International Monetary Fund, “is in a very sweet spot.” Five years later, the outlook has decidedly soured. “Nearly all the economic forces that powered progress and prosperity over the last three decades are fading,” the World Bank warned in a recent analysis. “The result could be a lost…

U.S. and Philippines Have a Complex Military Alliance: What to Know

Chin@Strategy

The United States and the Philippines announced a deal on Thursday that will give U.S. forces access to four more military sites in the Southeast Asian country, creating the largest American military presence there in decades. The deal, an apparent sign of warming ties between the countries after a six-year rough patch, would have strategic implications if a conflict were ever to break out in Taiwan or the South China Sea. Here is a brief history of the U.S. military alliance with the Philippines and its complex historical legacy. How…

At G20 Summit, Xi and Biden Offer Rival Visions for Solving Global Issues

Chin@Strategy

BALI, Indonesia — While President Biden and his Chinese counterpart, Xi Jinping, have eased tensions between their countries, they are vying for influence in Asia and beyond, offering competing stances on how to address poverty and the war in Ukraine. Mr. Xi has cast China as a steadfast partner to the region, rejecting what he described as the United States’ “Cold War mentality” of forming security alliances. At the Group of 20 summit on Tuesday, he spoke loftily about China’s “global initiatives” to fight poverty and strife, while remaining publicly…

Your Tuesday Briefing: A Marcos Victory?

Chin@Strategy

Good morning. We’re covering the Philippines presidential election, the resignation of Sri Lanka’s prime minister and a pandemic pivot in Taiwan. Another Marcos for president? With more than 90 percent of election returns counted in a preliminary tally, Ferdinand Marcos Jr. appeared sure to win the country’s presidential election early Tuesday morning. He has a huge lead over Leni Robredo in the Philippines’ most consequential vote in recent history. Here are live updates. Marcos, the son of the former dictator who was ousted 36 years ago, appealed to a public…

Collateral Damage of China’s Virus Policy: Fruit

Chin@Strategy

HANOI, Vietnam — At Pham Thanh Hong’s dragon fruit orchard in Vietnam, most of the lights are turned off. All is silent except for the periodic thud of the ripe pink fruit falling to the ground. Mr. Pham, 46, is not bothering to harvest them. The farmer watched dragon fruit prices plummet by 25 percent in the last week of December to near zero, pushed down by what several officials in Vietnam say is China’s “zero-Covid” policy. “I’m too disheartened to use my strength to pick them up, then throw…

Blinken, in Indonesia, Stresses Soft Power to Counter China

Chin@Strategy

JAKARTA, Indonesia — Downplaying direct confrontation between the United States and China, Secretary of State Antony J. Blinken on Tuesday pledged to strengthen relations with Indo-Pacific nations through billions of dollars in American investment and aid and, in doing so, counter Beijing’s regional pull. That soft-power pitch was delivered at Universitas Indonesia in Jakarta, the country’s capital, and continued with a series of agreements on maritime cooperation and education and Peace Corps exchanges. The university was also the site of a speech nearly 60 years ago by Robert F. Kennedy,…

China’s Vaccine Diplomacy Stumbles in Southeast Asia

Chin@Strategy

China, eager to build good will, stepped in, promising to provide more than 255 million doses, according to Bridge Consulting, a Beijing-based research company. Half a year in, however, that campaign has lost some of its luster. Officials in several countries have raised doubts about the efficacy of Chinese vaccines, especially against the more transmissible Delta variant. Indonesia, which was early to accept Chinese shots, was recently the epicenter of the virus. Others have complained about the conditions that accompanied Chinese donations or sales. The setback to China’s vaccine campaign…