A window on today's China for Southeast Asia
If not for the escalation of conflict between Russia and Ukraine, ASEAN countries would likely have enjoyed an even bigger boost in economic growth after COVID-19 restrictions eased. Now, they must grapple with extra uncertainty caused by a crisis over 8,000 kilometers away.
Massive internal and external pressure has made stabilizing economic growth a top priority. China has made efforts to strengthen the supply chain and navigated a path towards economic globalization by opening wider to the world
Throughout April as China was involved in an all-out effort to contain Omicron in the financial hub of Shanghai, one of the area’s greatest advantages—a smooth and fast transportation and logistics network—partially devolved into a pain point hindering economic activity.
Over the years, China has achieved top market positions in a wide range of spheres including smartphones, e-commerce, semiconductor equipment, and new-energy vehicles, rendering the appeal of its domestic market a key element of its economic prowess.
A long push for a unified and open market has eventually crystallized into a national strategy. A catchphrase that quickly made the headlines has evolved into an indispensable facet of economic retooling amid the haze of domestic and global perplexity.
The Russia-Ukraine crisis is increasing inflation around the world, exacerbating the rift in globalization, and leaving policymakers with little space to maneuver
China Report ASEAN 