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

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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