China’s precarious balancing act

Christine Shield asks if China's economic miracle can survive the shifting political backdrop?

Photo by Li Yang on Unsplash

China’s global economic and political clout has soared in the past four decades or so. But in 2021, new political signals emerged that had previously been seen just as worst case fears. In particular, Beijing’s militaristic behavior in the South China Sea and over Taiwan have sounded alarm bells both within Asia and in the West. But also its covert strategy of creating resource security by investing in key countries is becoming more worrying, with recipients beginning to question China’s motives.

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