In our sixth conversation of this series, stars Switzerland Alumni Chapter President and stars Foundation Board Member Markus HERRMANN, Managing Director at China Macro Group (CMG), will be talking to LI Xin, Managing Editor and Managing Director at Caixin Global and Vice President of Caixin Media, based in Caixin’s outpost in Singapore.
China’s new overarching economic policy framework since 2020, the “Dual Circulation” (双循环) strategy, is often looked at merely through the domestic prism. As part of the “new development pattern” emphasizing high-quality development, the interplay of domestic and international circulation (“国内国际双循环”) also points to the continued importance of integrating China’s economy internationally, and especially in the Asia Pacific region. A key player in the region, ASEAN has been growing closer to China economically over the past 30 years and has since 2020 been the biggest trading partner for Beijing. How are regional trade initiatives like the RCEP intensifying Beijing’s relations with ASEAN’s ten member countries? How does the US-China strategic competition influence these relations? How do Chinese policymakers and businesses view Singapore’s role in China’s regional diplomacy and business ambitions? And what are key trends of Chinese companies “going out”, particularly looking to the ASEAN region?