Can China's economic diplomacy translate into leadership?
Syed Munir Khasru says the exercise of its soft power has yet to pass test
As the dust settles on the recent summitry in the Asia-Pacific, pundits are still dissecting the outcome of the Apec, East Asia and G20 summits. However, one thing is clear: China, led by President Xi Jinping , has consolidated its position as the emerging leader in the region.
With negotiations continuing over the Asean-centric 16-member Regional Comprehensive Economic Partnership, Xi has cleverly commandeered the moral high ground by eliciting wide support for the more inclusive regional framework, the Free Trade Area of the Asia-Pacific, while being open to the US-backed Trans-Pacific Partnership. The latter, which excludes China, has been derided as an elitist club whose negotiation procedure is shrouded in secrecy.
While US President Barack Obama bagged a string of successes in his hectic tour to the region - reaching a landmark climate deal with China, reasserting the US position as a key player in the Asia-Pacific and reinforcing ties with stalwart allies like Japan and Australia - scratching the surface reveals that many challenges remain unresolved, including US-Japan relations over the stalled Trans-Pacific Partnership. By contrast, Xi's admittedly lukewarm handshake with Japanese Prime Minister Shinzo Abe still signalled a willingness to go down the path of cooperation.
China's two-pronged Silk Road initiative, including overland and maritime linkages, has won accolades from leaders across Asia. Many Asian nations are lining up behind the plan for an Asian Infrastructure Investment Bank and China is leading climate change mitigation efforts by announcing the establishment of a South-South cooperation fund to help developing countries move to a low-carbon economy. China is keener on fostering economic cooperation than building strategic alliances.
Two years into his second term, Obama's foreign policy is mired in hesitation, ambivalence and unexpected reversals. The US has yet to make any meaningful impact on the crises in Syria, Iraq, Ukraine or Nigeria. Inconclusive talks in Vienna on Iran's nuclear ambitions have only added to the growing frustration as the US takes one step forward and two steps back in projecting its presence in West or East Asia.
The sense of unravelling and chaos is filling the air, and the Republican-led Senate further weakens Obama's ability to steer his foreign policy forward.