While much of the upcoming economic policies of president-elect Donald Trump are still clouded, many expect a golden opportunity for China in the Asia Pacific. But we should not be surprised when China is not that much interested, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® in the South China Morning Post.
The South China Morning Post:
Observers said the uncertainty brought by Trump’s election gave China the chance to win greater support from its neighbours.
Gavekal Dragonomics economist Arthur Kroeber said Trump’s lack of interest in regional trade pacts such as the TPP “gives China an opportunity to execute geopolitical influences and sort of write the rules of regional integration in the Asia-Pacific region”.
Kroeber said China’s economic growth now depended much more on domestic spending rather than exports to the US, so Beijing would be less concerned about “poaching influence from the US”.
“The Chinese can have a stronger position to exert greater political and economic influence in the region, which the government has been interested in for a while and they don’t face any significant economic costs,” he said.
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