The economic dynamics in Southeast Asia are influenced by the ongoing competition between the US and China, while ASEAN member countries like Thailand and the Philippines play crucial roles in shaping the regional economy.

Over the past five years, Beijing has adopted a much more assertive military and diplomatic approach in Southeast Asia. While one could reasonably expect this to negatively affect China’s standing in the region, the opposite is the case. China’s influence in Southeast Asia has soared, largely at the expense of the United States.