As global trade tensions intensify in 2025, Asian economies are stepping up as unlikely heroes in the fight against protectionism. With soaring tariffs and geopolitical standoffs threatening supply chains, countries like China are doubling down on open-market strategies — but can they revive the spirit of international cooperation? 🙌
Globalization’s Rocky Road
Trade barriers and economic sanctions have triggered a domino effect worldwide, shrinking growth opportunities and complicating climate initiatives. The Boao Forum’s latest Asia Economic Outlook reveals a silver lining: the region now leads in green tech, AI innovation, and energy transitions ⚡ — key drivers for resilient global growth.
China’s Counterplay
While navigating U.S. tariff pressures, China has slashed taxes for SMEs and lifted import fees for 40+ developing nations 🇺🇳. This two-pronged effort aims to diversify trade ties while fostering South-South collaboration — a strategy gaining traction among ASEAN partners.
The Bigger Picture
Experts argue that Asia’s push for inclusive multilateralism could redefine 21st-century globalization. As the Boao Report notes, “Economic integration isn’t optional — it’s survival.” With digital economies booming and youth-led startups proliferating 🚀, the region might just craft a new playbook for global stability.
Reference(s):
The outlook for multilateralism under the shadow of protectionism
cgtn.com