A paradigm shift has occurred in geopolitics, notably throughout the Indo-Pacific with the re-emergence of the Quad safety partnership and the AUKUS deal solid between Australia, the UK, and the USA.
This can be a main challenge for Southeast Asia the place politics is already sophisticated by a dramatic rise in Chinese language debt, which is threatening the area’s economic system and has introduced the glory days of its Belt and Highway Initiative to an finish.
The main focus stays on Evergrande and the property developer’s debt load of greater than $300 million.
Bradley Murg, distinguished senior analysis fellow on the Cambodian Institute for Cooperation and Peace, talks with The Diplomat’s Luke Hunt about these points as Phnom Penh prepares to take over as chair of ASEAN in 2022, a yr which incorporates the potential for superpower confrontation over Taiwan and the South China Sea.
After which there are the good pretenders – France and Russia – and their bold bids for affect in a area the place safety remains to be dominated by the USA and its long-time allies.