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China has just announced a grand stimulus for its economy. An analysis of the outcome of the Third Party Plenum held in July, where many of these measures take birth, shows that despite the optimistic planning, China is readjusting its ambitions for future stability.
Courtesy: South China Morning Post
The recently-concluded National People’s Congress or Two Sessions in Beijing didn’t surprise much. But a thorough analysis reveals departures from the past – not holding a press interaction after the meeting, and further consolidation of domestic power by the Communist Party of China. Of note to India is the delinking of China’s defence budget from the country’s rate of growth – meaning freedom to enhance its military’s capability.
Courtesy: CGTN
China’s hostile actions in the East and South China Seas have led to a deepening of naval partnerships within the Indo-Pacific such as the U.S., Japan, Philippines, Australia and South Korea. As crises in West Asia escalate and the strategic contest between the U.S. and China hardens in the Pacific Ocean, India – placed strategically in the Indo-Pacific – can’t neglect either the west nor east.
Courtesy: The Hindu
Long treated by Pakistan as a colony, Balochistan has seen several high-profile attacks by locals against Chinese interests. The growing unrest in the region reflects Islamabad’s failure to address key development issues. With less than 10% of this year’s federal budget earmarked for development, it appears that the only means of quelling the violence is more repression.
Courtesy: Global Times
China’s world vision has entered its next phase. After the Belt and Road Initiative (BRI), come the Global Initiative on Data Security (GIDS) so Chinese tech standards can lead, Global Development Initiative (GDI) so China leads the development dialogue, and Global Security Initiative (GSI), so China’s security is ‘indivisible’ from other countries – all in time for China’s 2049 goal of becoming a global power.
Courtesy: Mint
The G20 summit in India and developments on its sidelines like the announcement of the IMEC, multiple bilateral meetings held by Prime Minister Modi, will all have long term geoeconomic and geopolitical impact. These, along with the summit deliberations and outcome are key to assess the future prospects of great power relations.
Courtesy: ANI
The recent ASEAN Summit and East Asia Summits stressed the region's centrality and unity while also revealing its principal challenge: managing strategic contestation between the U.S. and China. The outcomes of both summits are reflective of ASEAN's diplomatic and strategic dilemmas in Southeast Asia and the Indo-Pacific.
Courtesy: Fox News
The decision to invite six countries — Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE — to join BRICS as full members has opened the grouping to a new geopolitical era. India can now play a seminal but challenging role in this evolved dynamic, given its growing cooperation with the West on the one hand and its active pursuit of the interests of the Global South on the other.
Courtesy: Nikkei Asia
China-centric global supply chains are being disrupted by rising geopolitical tensions between the U.S. and China and multiple global shocks, forcing multinational companies to rethink are global sourcing strategies. India can leverage this moment to become a complementary manufacturing hub in Asia by reaping gains from technology transfers and creating value-adding jobs.
Courtesy: Kuwait Times
The 56th ASEAN Foreign Ministers Meeting in Jakarta reflected the grouping’s resilience amidst transformative geopolitical changes in the Indo-Pacific. Striving for unity and centrality, ASEAN tackled challenges posed by COVID-19, economic slowdown, climate change, and U.S.-China competition. However, internal differences on sensitive issues like Myanmar have tested its credibility.