Xi's Asian charm offensive is all about the US
Business Standard
|April 19, 2025
At first glance, Chinese President Xi Jinping's Southeast Asian tour focuses on trade deals, regional cooperation and friendship. In reality, he's capitalising on America's leadership vacuum in the Indo-Pacific. Beijing wants a less US-centric Asia. President Donald Trump's trade war is only accelerating that.
Washington's influence in this strategically vital region is at stake. Previous administrations have been clear about its importance, but under Mr Trump there doesn't appear to be a coherent plan. This has allowed Beijing to position itself as a champion of solidarity, in sharp contrast to the US president's economic bullying.
This isn't just a goodwill visit. It's about soft and hard power projection. Mr Xi's trip to Cambodia, Vietnam and Malaysia was planned before tariffs were imposed, but these visits have taken on more importance given Mr Trump's attempt to isolate China. Some major banks predict the Chinese economy will expand by 3-4 per cent this year as US duties choke exports. Many economists doubt the Communist Party will be able to achieve the official target of around 5 per cent growth slated for 2025, despite reporting a 5.4 per cent growth in the first quarter.
These dire projections make Mr Xi's Southeast Asia tour all the more important. It's a chance to mend both political and economic ties. Mr Trump has criticised the meetings, accusing his Chinese counterpart and Vietnamese leader To Lam of conspiring against Washington. He's also called on China to reach out to him in order to kick off negotiations.
Diese Geschichte stammt aus der April 19, 2025-Ausgabe von Business Standard.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business Standard
Business Standard
Avoid over-allocation and chasing recent performance
In calendar year (CY) 2025, sectoral funds tracking the Nifty PSU Bank (26 per cent), Nifty Auto (20 per cent) and Nifty Metal (24 per cent) emerged as top performers.
2 mins
January 02, 2026
Business Standard
Moving with the times and tides
From open outcry trading and paper share certificates to demat accounts, the BSE has come a long way
1 min
January 02, 2026
Business Standard
From herstoric win to space glory, all that shaped the India story
Rediffusion's 'Hits & Misses' survey on what dominated the country's landscape
2 mins
January 02, 2026
Business Standard
The secret sauce to superior equity returns
Driven by disciplined capital management and macro stability efforts, the Indian stock market has delivered stellar long-term returns, consistently ranking among the best global performers for 40 years
3 mins
January 02, 2026
Business Standard
'India is still at an early stage in passive investing compared with US'
The Sensex’s 40-year milestone comes at a time when passive investing is reshaping India’s capital markets, with indices increasingly forming the backbone of investment products.
2 mins
January 02, 2026
Business Standard
The changing script of India’s most honest storyteller
When the Sensex was first published in 1986, India was still a closed, slow-moving economy trying to find its footing.
3 mins
January 02, 2026
Business Standard
Excise duty on tobacco, health cess on pan masala from Feb 1
Tobacco products and pan masala will attract additional central excise duty and Health Security se National Security Cess, respectively, with effect from February 1, the Ministry of Finance said in a series of notifications issued late on Wednesday.
3 mins
January 02, 2026
Business Standard
Risk-weight rules for NBFC infra loans relaxed
The Reserve Bank of India (RBI) on Thursday eased its proposed risk-weight framework for infrastructure lending by non-banking financial companies (NBFCs) following industry feedback, as it retained key lender protection norms.
1 min
January 02, 2026
Business Standard
BSE Sensex tops other asset classes by a hefty margin in 40 years
It has beaten gold and traditional savings, delivering a consistent winning streak while creating significant wealth for ordinary people who held their investments through decades of economic growth
4 mins
January 02, 2026
Business Standard
Legacy companies make way for modern businesses on the index
Family-owned firms’ predominance in the Sensex is in relative decline over the life of the index.
5 mins
January 02, 2026
Listen
Translate
Change font size

