Economic Affairs: The uncertain road to a multipolar Asia

While the forces driving this trend look potent, economic reality is subject to known risks, hidden realities and unknown unknowns

New: Gift this subscriber-only story to your friends and family

After the Soviet Union imploded in the early 1990s, the United States became the sole superpower, elevated to the status of a "hyperpower".

But then came China, which after decades of torrid economic growth has become the second-largest economy in the world, on track to overtake the US by 2030 by some estimates, and is already a formidable technological power.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on May 01, 2019, with the headline Economic Affairs: The uncertain road to a multipolar Asia. Subscribe