https://www.scmp.com/rss/508557/feed Daryl Guppy is an international financial technical analysis expert. He has provided weekly Shanghai Index analysis for mainland Chinese media for more than a decade. He appears regularly on CNBC Asia and is known as "The Chart Man". He is a former national board member of the Australia China Business Council. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Daryl Guppy Daryl Guppy Chinese media outlets were keen to accentuate the positives of Australian Prime Minister Anthony Albanese’s visit to China. However, sections of the Australian media played up the idea that China was attempting to drive a wedge between Australia and the United States and members of the Australian opposition criticised the visit, calling some of Albanese’s stops “indulgent”. The visit achieved much in some areas, but otherwise made little progress. Despite reported efforts by Elbridge Colby, US... https://www.scmp.com/opinion/world-opinion/article/3318707/australia-should-not-sabotage-its-own-efforts-boost-ties-china?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3318707/australia-should-not-sabotage-its-own-efforts-boost-ties-china?utm_source=rss_feed Sun, 20 Jul 2025 21:30:08 +0000 Ukrainians have changed the face of modern warfare with inexpensive Chinese drones equipped with cameras. These provide both battlefield intelligence and a platform for delivering destructive weapons. The paradigm of warfare has shifted, and yet the Colonel Blimps in Australia, as represented by Defence Minister Richard Marles, are still committed to fighting the last war, this time with China identified as the adversary. Australia’s recently released National Defence Strategy focuses on... https://www.scmp.com/opinion/china-opinion/article/3260048/submarines-wont-prepare-australia-what-china-could-do-it-war?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3260048/submarines-wont-prepare-australia-what-china-could-do-it-war?utm_source=rss_feed Wed, 24 Apr 2024 21:30:23 +0000 Australia has found a new best friend in Southeast Asia. Prime Minister Anthony Albanese has embraced Philippine President Ferdinand Marcos Jnr, calling their countries “great friends” and agreeing to upgrade ties to a strategic partnership. But the intensification of defence cooperation between Australia and the Philippines – both staunch US military allies – sounds a discordant note in Canberra’s relationship with the region, especially after Foreign Minister Penny Wong’s efforts at peaceful... https://www.scmp.com/comment/opinion/article/3234376/dangerous-tilt-australias-defence-hawks-are-moving-foreign-policy-away-diplomacy?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3234376/dangerous-tilt-australias-defence-hawks-are-moving-foreign-policy-away-diplomacy?utm_source=rss_feed Thu, 14 Sep 2023 21:00:17 +0000 The Australia–US Ministerial Consultations (AUSMIN) have effectively confirmed Australia’s status as a client state of the United States. This is a significant change from its previous status of a friend and ally, because it hands a large slice of Australian sovereignty to a foreign power. The degree of military integration agreed on by US Secretary of Defence Lloyd Austin and Australia’s Defence Minister Richard Marles suggests that future decisions around conflicts in the region are likely to... https://www.scmp.com/comment/opinion/article/3229959/death-knell-sounds-australian-diplomacy-region-after-us-ministerial-talks?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3229959/death-knell-sounds-australian-diplomacy-region-after-us-ministerial-talks?utm_source=rss_feed Sat, 05 Aug 2023 23:30:08 +0000 US Treasury Secretary Janet Yellen’s trip to Beijing is part of the Biden administration’s push to reinstate lines of communication with its Chinese counterpart. A senior Treasury official told reporters that the intent of the trip is to “deepen and increase the frequency of communication” between the two countries, “stabilise the relationship, avoid miscommunication and expand collaboration where possible”. The intent, if genuine, is welcome. However, that intent is undermined by the persistent... https://www.scmp.com/comment/opinion/article/3226746/janet-yellens-beijing-visit-suggests-us-china-economic-reality-may-be-starting-bite?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3226746/janet-yellens-beijing-visit-suggests-us-china-economic-reality-may-be-starting-bite?utm_source=rss_feed Thu, 06 Jul 2023 08:45:12 +0000 Shangri-La is a mythical place of peace and tranquillity. Its namesake, the Shangri-La Dialogue in Singapore, does not quite live up to this mythical reputation. At the conference this year, the keynote address by Australian Prime Minister Anthony Albanese made it clear that, in his opinion, only the US-endorsed version of peace and prosperity is acceptable. Apparently, peace and stability, complete with “guardrails”, could be achieved by working to support US objectives. Albanese said that “if... https://www.scmp.com/comment/opinion/article/3223005/australias-albanese-sounded-wrong-note-his-us-friendly-tone-shangri-la-dialogue?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3223005/australias-albanese-sounded-wrong-note-his-us-friendly-tone-shangri-la-dialogue?utm_source=rss_feed Tue, 06 Jun 2023 08:15:14 +0000 In the wake of “balloongate”, it appears the United States has expended more than a million dollars using US$439,000 missiles to shoot down three unidentified objects, including what may have been a US$12 hobbyist’s balloon. Apart from the farcical aspect of this incident, it highlights the worrying development of a gunslinger approach to foreign policy. The gunslinger holds a unique and treasured place in American cowboy mythology, dispensing instant justice often before all the facts are... https://www.scmp.com/comment/opinion/united-states/article/3210943/balloongate-showcased-us-gunslinger-approach-foreign-policy?utm_source=rss_feed https://www.scmp.com/comment/opinion/united-states/article/3210943/balloongate-showcased-us-gunslinger-approach-foreign-policy?utm_source=rss_feed Thu, 23 Feb 2023 01:37:51 +0000 The idea that globalisation has ended is growing in popularity with some economic analysts. Parallel to this is the idea that China is no longer a player in globalisation as near-shoring replaces the offshoring of supply chains. Certainly, the United States with its increasing protectionism seems to be removing itself from globalisation. Its policies accelerate the deconstruction of globalisation, replacing it with protectionist sovereign economics. This is ultimately a self-defeating approach... https://www.scmp.com/comment/opinion/article/3208757/far-dying-new-globalisation-emerging-driven-china-and-digital-economy?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3208757/far-dying-new-globalisation-emerging-driven-china-and-digital-economy?utm_source=rss_feed Sat, 04 Feb 2023 17:00:11 +0000 A bomber has only one function. It is a weapon of attack. The proposed placement by the United States of up to six B-52 bombers at Tindal air force base in Northern Australia is clearly an offensive step endorsed by the Australian government. It is a provocative move experts say is aimed squarely at China. It could put Australia’s neighbours in Southeast Asia on edge, particularly as it follows Australia’s purchase of nuclear-powered submarines as part of the Aukus pact. These countries have... https://www.scmp.com/comment/opinion/article/3198103/b-52-bomber-deal-us-hijacks-australias-foreign-policy-independence?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3198103/b-52-bomber-deal-us-hijacks-australias-foreign-policy-independence?utm_source=rss_feed Sat, 05 Nov 2022 12:00:10 +0000 A year ago, the Aukus agreement was announced. The security partnership between Australia, the United Kingdom and the United States came as a surprise to Australians and is viewed as an unpleasant development by Association of Southeast Asian Nations members. It reflected Australia’s desire to see imperial re-engagement with the region. It supported the dreams of empire favoured by then UK prime minister Boris Johnson. It slotted comfortably into US President Joe Biden’s hegemonic narrative... https://www.scmp.com/comment/opinion/article/3192976/aukus-real-threat-asean-not-nuclear-powered-submarines-dreams?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3192976/aukus-real-threat-asean-not-nuclear-powered-submarines-dreams?utm_source=rss_feed Tue, 20 Sep 2022 01:15:09 +0000 The sight of Soviet Sukhoi Su-30MKI jet fighters over Darwin during Australia’s 2018 Pitch Black exercise was unexpected. The Su-30s, part of the Indian Air Force, were practising cooperation with US and Australian air forces. It would be easy to dismiss India’s Soviet-supplied fighters as a legacy of times prior to the recent tie-up between Australia, Japan and the US in the Quadrilateral Security Dialogue. However, this friendship with the former Soviet Union continues. India’s defence and... https://www.scmp.com/comment/opinion/article/3157308/indias-us-russia-balancing-act-makes-uneasy-quad-alliance?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3157308/indias-us-russia-balancing-act-makes-uneasy-quad-alliance?utm_source=rss_feed Fri, 26 Nov 2021 01:15:13 +0000 Many a joke-telling session starts with: “Have you heard the one about…?” The latest in Asean is “the one about Aukus”. The punch line is: “2040”, because that’s when it’s estimated Australia will actually acquire the proposed nuclear-powered submarines with help from either the United States or Britain, under the new security alliance announced between the three nations. In other words, the strategic impact will be greatly diminished by the timeline. However, jokes and the lengthy delays aside,... https://www.scmp.com/comment/opinion/article/3152743/aukus-submarine-deal-shows-worrying-shift-australias-foreign-policy?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3152743/aukus-submarine-deal-shows-worrying-shift-australias-foreign-policy?utm_source=rss_feed Tue, 19 Oct 2021 01:15:08 +0000 Australia makes much of its values-driven approach to diplomacy and foreign policy decisions. It plays an active part in alliances such as the Quadrilateral Security Dialogue and other international groupings that promote liberal values. At the recent G7 talks, Australian Prime Minister Morrison held up the torch of liberal values. But when put to the test, Australia’s adherence to these values seems rather variable. The plight of those in Afghanistan who supported Australian troops and NGOs is... https://www.scmp.com/comment/opinion/article/3141127/where-are-australias-liberal-values-when-it-comes-afghanistan?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3141127/where-are-australias-liberal-values-when-it-comes-afghanistan?utm_source=rss_feed Fri, 16 Jul 2021 20:00:11 +0000 “Will no one rid me of this troublesome priest?” King Henry II is said to have mused. A man of shallow moral character, Henry knew exactly what he was doing. Sure enough, four knights took it upon themselves to murder the Archbishop of Canterbury. Visiting Darwin in Australia’s Northern Territory last week, Prime Minister Scott Morrison took a leaf from King Henry’s book. He said he would act if national security concerns were raised about the Darwin port lease by Chinese company Landbridge. A... https://www.scmp.com/comment/opinion/article/3132203/three-ways-australias-darwin-port-decision-could-threaten-future?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3132203/three-ways-australias-darwin-port-decision-could-threaten-future?utm_source=rss_feed Thu, 06 May 2021 01:15:08 +0000 US President Joe Biden’s opening moves in China diplomacy risk repeating his predecessor Donald Trump’s errors because the misunderstanding of China’s situation remains similar. China shares 14 land borders with other countries, and none can be characterised as China’s allies. To the east is the unstable regime of North Korea, which presents a management problem for the rest of the world, not just China. Although often characterised as a friend of China, North Korea is treated with concern and... https://www.scmp.com/comment/opinion/article/3123686/why-bidens-china-policy-team-should-look-tang-dynasty-not-european?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3123686/why-bidens-china-policy-team-should-look-tang-dynasty-not-european?utm_source=rss_feed Tue, 02 Mar 2021 19:30:09 +0000 It was September 20 when a new variant of Covid-19 was first identified in the English county of Kent. Yet public acknowledgement of this highly transmissible new strain did not come from Britain’s health secretary, Matt Hancock, until December 14. Had this happened in China, Western media outlets would have been quick to allege a “cover-up” – but in the event, the UK’s almost three-month delay in notifying the world went largely unremarked upon by much of the West, including Australia. This... https://www.scmp.com/week-asia/opinion/article/3117563/coronavirus-has-exposed-australias-double-standards-quasi?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/3117563/coronavirus-has-exposed-australias-double-standards-quasi?utm_source=rss_feed Wed, 13 Jan 2021 21:00:16 +0000