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Global Impact: What do the US midterms mean for Joe Biden’s already shaky anti-China partnerships?
- Global Impact is a fortnightly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world
- In this edition, we look at the alliances and partnerships US President Joe Biden has been building over the last two years, largely aimed at dealing with threats from China
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Political events in China and America have given rise to new power dynamics, with the 20th Communist Party congress solidifying the policies of President Xi Jinping, and a midterm election further muddying the already chaotic political waters in the United States.
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The austere choreography of Beijing’s twice-a-decade leadership reshuffle contrasted with the bruising political campaigns of the US midterms, which have yet to reveal how much power Republicans will have starting in January and what that will mean for President Joe Biden’s China policy or Indo-Pacific Strategy.
While the world more or less knows what to expect from Beijing, those with a stake in the success or failure of Biden’s effort to build a strategic environment “that makes it tough for China” will be watching closely for indications that the new US political landscape will undermine it.
With that in mind, now might be a good time to take stock of the alliances and partnerships that Biden has built or bolstered during his first two years in office, a network of overlapping groups and policies so sprawling that they sometimes come into conflict with each other.
One of the most recent successes on this front was Canada’s decision to join Biden’s Indo-Pacific Economic Framework (IPEF), an initiative that was initially portrayed by some as a poor substitute for the Comprehensive and Progressive Trans-Pacific Partnership and came under attack for its lack of a market-access component.
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After a more tenuous approach to countering Beijing compared with Washington, Ottawa has taken more pointed steps that align with the Biden administration’s efforts to chip away at China’s dominance in the production of key industrial materials needed to manufacture electric vehicles and other products that are essential to meeting the world’s carbon-reduction targets.
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