Angered by Washington s moves to limit China s access to technology to manufacture highly-advanced semiconductors, key Chinese leaders are still struggling to figure out how to apply various retaliatory measures without curbing their ambitions in the chip industry.
South Korea s foreign policy under President Yoon Suk Yeol has moved away from the country s previous stance of “strategic ambiguity” under the former Moon Jae-in administration and toward strengthening relations with the United States.
On the face of it, the government of Prime Minister Prayut Chan-o-cha seems to be saying the right things about sustainable and inclusive growth. The prime minister himself has been touting a Bio-Circular-Green (BCG) economic model for Thailand, pitching it as the overarching theme of the recently concluded Asia-Pacific Economic Cooperation leaders' meeting. Yet, the political economy hidden underneath Gen Prayut's lofty rhetoric is becoming more short-term and exclusive, allowing wealth to be concentrated in fewer hands, giving a handful of conglomerates oligarchical control over the market.
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