What does their trade deal tell us about US–China relations?

US President Donald Trump holds a bilateral meeting with China's President Xi Jinping at Trump's Mar-a-Lago estate in Palm Beach, Florida, US, 7 April 2017. (Photo: Reuters, Carlos Barria)

Author: Dong Dong Zhang, ANU

The US–China trade deal announced on 12 May is another clear sign of warming official relations between the United States and China. The deal is an early harvest of the 100 day plan that Xi proposed to Trump to help the United States expand its exports to China. Read more…

Saving the global economic system

Roberto Azevedo, Director-General of the World Trade Organization (WTO) during his speech at the WTO annual Public Forum (Photo: Reuters/Pierre Albouy).

Author: Editors, East Asia Forum

International trade and investment lifts living standards. The evidence for this is irrefutable. And modern economic development is not possible without opening up to international markets, competition and capital.

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Reenergising the multilateral trading system

A migrant worker sleeps in front of the World Trade Centre building in the financial district of Beijing (Photo: Reuters/David Gray).

Author: Roberto Azevêdo, WTO

Trade has long proven to be an engine for growth and development, and in recent decades the countries of East Asia and the Pacific have been major beneficiaries of this phenomenon. However, many are arguing that this engine of growth and development is in need of repair. Global trade is facing challenging times. In 2016, world trade grew at 1.3 per cent, the slowest pace since the financial crisis. Read more…

The Belt and Road Initiative should learn from paths already travelled

Chinese President Xi Jinping and other leaders arrive for a family photo during the Belt and Road Forum at meeting's venue on Yanqi Lake just outside Beijing, China, 15 May 2017. (Photo: Reuters/Damir Sagolj).

Author: Sourabh Gupta, ICAS

Chinese President Xi Jinping has not been shy to employ assertive diplomacy in support of an ambitious, long-term and strategic foreign policy agenda. No single political project personifies this lack of reticence more than the Belt and Road Initiative (BRI) Read more…

How to respond to China’s Belt and Road Initiative

Chinese President Xi Jinping makes a toast during a welcome banquet for the Belt and Road Forum in Beijing (Photo: Reuters/Wu Hong).

Author: Editors, East Asia Forum

In Beijing yesterday, Chinese President Xi Jinping hosted a global summit on his Belt and Road Initiative under the aegis of the National Development Reform Commission’s (NDRC) China Center for International Economic Exchanges (CCIEE), NDRC’s top think tank. This is part of a massive exercise in international diplomatic communication.

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Will Australia follow the Belt and Road?

Chinese Vice Premier Zhang Gaoli delivers a speech at the Belt and Road Forum in Beijing (Photo: Reuters/Kenzaburo Fukuhara).

Author: James Laurenceson, ACRI

Australia’s reluctance to participate in China’s Belt and Road Initiative (BRI) harks back to its slow entry into the Asian Infrastructure Investment Bank (AIIB). But this time it may be Australian state governments that push the federal government over the line, rather than decisions made by other countries.

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Can the Belt and Road Initiative resurrect a liberal international order?

People take pictures in front of a ‘Golden Bridge on Silk Road’ installation, set up ahead of the Belt and Road Forum, outside the National Convention Centre in Beijing, China 11 May 2017 (Photo: Reuters/Stringer).

Author: David Vines, Oxford University

China’s Belt and Road Initiative (BRI) offers a huge opportunity. It is true that there are risks. But it is clear what we should do. We should welcome the initiative with open arms and engage with it. Read more…