China has extended its influence in Southeast Asia over the United States in the past five years, according to a new measure by an Australian think-tank. The US has continued to lose influence to China across four power measures – economic relationships, defence networks, diplomatic influence and cultura
China has extended its influence in Southeast Asia over the United States in the past five years, according to a new measure by an Australian think-tank.
The US’ biggest loss in influence since 2018 was in Malaysia, by seven points, followed by Brunei and Indonesia at five points each. The trading relationships between Laos and Cambodia and Beijing, and the Belt and Road Initiative projects in these countries, grew China’s influence although slower infrastructure projects had dampened some of that influence, Lowy said.. The same could be said for Indonesia.
But in trade, the US’ relationship with the Philippines had weakened, for example, the US had become less important as a destination for Philippine exports.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shopee: Enabling digital resilience and inclusion in a post-pandemic worldThe e-commerce platform wants to use technology as a force for good to strengthen Southeast Asia’s communities and digital economy.
Read more »
Heineken sees Europe resilience offseting Asia slowdown riskBRUSSELS :Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the Asia-Pacific region offset by greater resilience among beer drinkers in Europe.The world's second-largest brewer expects its operating profit this year to increase by a mid- to high- single-digi
Read more »
True Crimes Of Asia: Follow new ST podcast series on popular audio appsA 6-part series by The Straits Times in Singapore, exploring recent real crimes that gripped, horrified and laid bare the issues that afflicted societies in Asia. Read more at straitstimes.com.
Read more »
'Hotter and hotter': Swathes of Asia sweat in heatwaveBANGKOK: Sweltering under a blistering sun, people across South and Southeast Asia have been taking cover beneath any shelter they can find as they pray for cooling rains with record temperatures hitting the region. Bangladesh saw its highest temperature for almost 60 years in the past week, while in
Read more »
HSBC rejects Ping An's fresh Asia spin-off proposalLONDON : HSBC has rejected its largest shareholder Ping An's latest proposal to restructure the bank and separate its Asia business into a Hong Kong-listed entity, saying it would result in a material loss of value for shareholders.Europe's largest bank said in a statement published on Wednesday that it h
Read more »
HSBC hits back at Ping An's fresh Asia spin-off proposalLONDON :HSBC has hit back at its largest shareholder Ping An's latest proposal to restructure the bank and separate its Asia business into a Hong Kong-listed entity, saying it would result in a material loss of value for shareholders.Europe's largest bank said in a statement published on Wednesday that it had
Read more »