That China is an export powerhouse is well established. Less remarked upon is the rise of its newest export: capital. During his speech at the World Economic Forum this week—the first by a Chinese president—President Xi Jinping touted China’s efforts in facilitating global trade and economic development.
As Donald Trump prepares to assume the presidency of the United States, the contest with China for influence in Asia continues apace. The region’s ambiguous response to President Barack Obama’s rebalance or “pivot” owes less to any U.S. shortcoming than to the potency of its competitor, China.
Up until the recent bad press about its policies toward asylum-seekers, Australia, an immigrant nation par excellence, has looked like a secure bastion of liberal multiculturalism. But Australia’s immigration policies are changing, with implications for migration patterns and social cohesion.