Business News

COVID-19 reduces China’s power in the Indo-Pacific, a “significant” risk of war

[ad_1]

© Reuters. People wearing protective masks are walking the streets after new cases of coronavirus disease (COVID-19) in Shanghai, China, on December 1, 2021. REUTERS / Aly Song

MELBOURNE (Reuters) – The Coronavirus pandemic has weakened China’s power in the Indo-Pacific, and growing regional security uncertainty poses a “significant” risk of war, the Lowy Institute said in a report on Sunday.

Key regional allies such as the U.S. and India have never been dependent on the ability and willingness of the United States to maintain a military and strategic counterweight to China’s rise, the Sydney foreign policy think tank said.

At the same time, Beijing has sought to dissuade Southeast Asian countries from joining the U.S. coalition, while improving its military exchanges with Russia and Pakistan and North Korea and creating a huge trio of nuclear-aligned forces aligned with China. region.

“The question is whether the balance of military power in the Indo-Pacific is contributing to deterrence and strategic stability in the Indo-Pacific,” the report said.

“The depth of the wars, the breadth of the US-China competition and the presence of multiple potential points mean that the risk of war is significant.”

The impact of the pandemic has undermined the region’s prosperity, undermining China’s comprehensive power.

“By the end of the decade, Beijing does not have the full power to outperform its peers, which suggests that China’s rise is nothing short of essential in the world,” the report said. “It seems very unlikely that China will ever be as dominant as the United States.”

The thought was that Australia, as its relations with China have deteriorated significantly in recent years, is facing China’s growing strength than most of its U.S. partners, but it is growing in Washington.

In 2018, Australia banned China’s Huawei Technologies Co 5G from its telecommunications network. Relations deteriorated last year when Canberra called for an independent investigation into the origin of the coronavirus, which sparked some trade retaliation from China.

Note: Fusion Media Please note that the data contained on this website may not be real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges, but by creative markets, so they may not be accurate and different from actual market prices, which are indicative prices and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any commercial losses you may suffer as a result of your use of this data.

Fusion Media or anyone involved with Fusion Media will not be held liable for any loss or damage as a result of relying on the information contained in the data, estimates, charts and buy / sell signals contained in this website. Please be informed that one of the most risky forms of investment possible is the full information on the risks and costs associated with trading in the financial markets.

[ad_2]

Source link

Related Articles

Back to top button