trade protectionism: As Asian geopolitics alter, the economic shifts are particularly significant, according to Global Times China. The rise of trade protectionism in the US appears to be diminishing its standing among its Asian partners. Following Malaysian Prime Minister Najib Razak jab at the West, saying that former colonial powers should not lecture nations they once exploited, the Southeast Asian nation is seen as the next country in the region, following the Philippines, to snub the West and potentially embrace China. Meanwhile, programs initiated by China to promote regional economic integration are making the country an important player in regional affairs. This would help tackle power shortages that impact industrial development in a number of Asian countries. In the latest example, at a summit in Shanghai, State Grid, China biggest State-owned power utility, demonstrated a transmission network that would connect China with India and Southeast Asian countries.
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Tagged under trade protectionism, asian countries topics.