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In ‘era of zero-sum thinking’ has China’s influence peaked?

It may be time to start aggregating US power with that of Japan, Australia and India

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So much of China’s performance and promise is built around its access to global markets. But this is increasingly threatened, given the state of Sino-US relations.

So much of China’s performance and promise is built around its access to global markets. But this is increasingly threatened, given the state of Sino-US relations.

PHOTO: REUTERS

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Delivering

his Budget speech on Feb 14,

Deputy Prime Minister and Finance Minister Lawrence Wong memorably described our times as an “era of zero-sum thinking”.

Painting a picture of the biggest economies spending muscularly to “reshore, onshore or near shore and onshore” – relocating offices and factories to avoid geopolitical crossfire – he talked of finding a path to continued relevance amid these murky waters.

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