News analysis

Protectionism threatens Asia as US-China rivalry heats up

Global marketplace could turn into complex web of conflicting rules, policy frameworks

Intensifying rivalry between the US and China over trade and technology dominance is triggering a domino effect of protectionist measures by other countries.PHOTO: AFP

Intensifying rivalry between the US and China over trade and technology dominance is triggering a domino effect of protectionist measures by other countries.

The discussion among China's policymakers over the "dual circulation" strategy - fostering resilience by emphasising the domestic economy - is being echoed across the region.

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A version of this article appeared in the print edition of The Straits Times on September 28, 2020, with the headline 'Protectionism threatens Asia as US-China rivalry heats up'. Print Edition | Subscribe