Strategic capitalism, geoeconomics and Australia’s choices

As market-based economic globalisation gives way to a system of state relations based largely on strategic capitalism, the Australian government seems to be using an outdated operating system. The demise of the multi-lateral, rules-based and open world will pose problems that demand imagination, innovation and deft and agile policy and diplomacy. In this environment Australia has a difficult course to chart.

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Japan and China hold high-level dialogue on East China Sea tensions, trade and Covid-19

The first high-level dialogue between China and Japan since Yoshihide Suga succeeded Shinzo Abe as Japan’s Prime Minister in September have taken place in Tpkyo, with China’s Foreign Minister Wang Yi and his Japanese counterpart, Toshimitsu Motegi discussing maritime tensions over disputed islands in the East China Sea, trade and the Covid-19 pandemic response.

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Biden says US should align with other democracies to set global trade rules to counter China’s influence

On Monday [16 November 2020], US President-elect Joe Biden said that the United States needed to negotiate with allies to set global trading rules to counter China’s growing influence – but declined to say whether the US would join the 15-country Regional Comprehensive Economic Partnership agreement, the new trade pact that includes China, which was signed in Hanoi on Sunday [15 November 2020].

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Australia hopes Asia-Pacific trade deal will improve ties with China

Australia hopes the trade deal about to be signed by 15 Asia-Pacific economies will help improve Australia’s strained relations with China. Australia’s Trade Minister Simon Birmingham said that the trade pact offers a platform that can lead to a positive change in relations. “The ball is very much in China’s court to come to the table for that dialogue,” he is reported to have said.

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