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: The Print
The Chinese economy has slipped into deflation, partly due to the growing mistrust of foreign investors and the government's strategy of over-management and micromanagement. In an episode of Forbes India’s ToThePoint, Amit Bhandari, Senior Fellow, Energy, Connectivity and Investment, Gateway House discusses the impact of this slowdown on the global economy, while highlighting key takeaways for India, which aims to be a manufacturing hub.
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.
Courtesy: Deutsche Welle (DW)
On July 13, the German cabinet approved its Strategy on China after nearly two years of internal discussions. The new strategy simultaneously views China as a “partner, competitor, and systemic rival”, calling for de-risking German economic dependence on China, while also expanding cooperation with other countries in the Indo-Pacific region.
Courtesy: The Dahrendorf Forum
The Russia-Ukraine conflict has led to the resurgence of interest in Central Asian as an alternate trade corridor between Europe and Asia. Timely investment in connectivity projects like the Middle Corridor and the INSTC by regional stakeholders, as well as by the EU, China and India, must now build on this interest to create new regional, international, and cross-continental transport corridors.
Courtesy: India Shipping News
India’s Northeast is developing and getting close to its goal of being part of the Indian mainstream in connectivity and business – which is also critical for the success of India’s Act East Policy. For both goals, Bangladesh and Japan are invaluable partners and friends. The troika’s collaboration can be a model in the region.
Courtesy: Twitter / Hindustan Times
The first Global Buddhist Summit is being held in New Delhi this week, a continuation of India's strategic and diplomatic outreach to Buddhist countries in Asia. The Summit offers India an opportunity to deepen the dialogue on its shared, millennia-old transnational Buddhist legacy with these countries, and arrive at contemporary solutions for global conflicts using the lens of Buddha Dhamma.
Courtesy: Gateway House
The combined effects of the pandemic and recent geopolitical tensions have resulted in some of the world’s leading tech companies facing crises on multiple fronts. A fall in market capitalisation, along with a sharp decline in equity has resulted in shrinking market shares for many of these giants.