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Wang Huiyao

Wang Huiyao

Wang Huiyao is the founder of the Centre for China and Globalisation, a Beijing-based non-governmental think tank.
Wang Huiyao is the founder of the Centre for China and Globalisation, a Beijing-based non-governmental think tank.
Languages Spoken:
English

Opinion | Pacific trade vitality shows multilateralism is alive and well

With the US in retreat, nations committed to economic integration are moving forward through partnerships like the CPTPP.

Despite international tensions, countries still seek cooperation based on shared interests. Institutions must embrace this trend.

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Going global not only defuses the perils of protectionism, it also allows Chinese firms to bring jobs and economic benefits to the world.

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What seems clear from Munich Security Conference talk is an evolution towards a pluralistic world order. We need an effective governance framework.

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By fostering innovation and open markets – particularly in the automotive sector – China and the EU can show how major powers can work together despite differences.

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China can take a lesson from 1980s Japan, which defused bilateral frictions by strategically pivoting towards direct investment in US manufacturing.

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The new US president is likely to negotiate a second-phase trade deal, seek China’s help to end wars, and keep the Taiwan status quo.

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In championing economic inclusivity and strategic autonomy, pioneering financial innovation and promoting peace, Brics is a force for good.

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China’s economic influence, diplomatic connections and commitment to multilateral solutions makes it a potentially transformative force for peace.

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Related Topics
Climate changeChina economyUS-China relationsTaiwanChina-India relationsChina societyBelt and Road InitiativeSingaporeDiplomacyUS-China trade war