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Asian Century on a Knife-edge

Asian Century on a Knife-edge

by John West [Courtesy Asia Century Institute].China and other Asian countries will dominate global politics and the world economy in the 21st century. Right? That's the usual refrain. After all, Asia has stunned the world with decades of stellar growth, and by some measures, China has already become the world's biggest economy. And while China's economy has slowed sharply, it is still growing at the respectable rate of 6-7%. The rise of Donald Trump to the presidency of the United States has only accelerated the global shift towards Asia. Trump's America has relinquished global leadership, notably through its withdrawal from the Paris Climate Agreement, and the Trans Pacific Partnership, along with burgeoning protectionism, while China is positioning itself as a defender of the liberal international order. Indeed, China is demonstrating remarkable global leadership through initiatives like the Asian Infrastructure Investment Bank, and the Belt and Road Initiative. Today, China is increasing appearing to be a much safer and steadier global leader as Trump competes with North Korea's Kim Jong-un in the global hysteria stakes, and the White House and Washington have descended into turmoil, which is paralysing the capacity of the Trump administration to get things done. Washington's allies in East Asia and even Australia are now questioning the reliability of the US.

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