Asia Society

Final call for questions! 🚨 Ask Asia Society's president questions in the comments ⬇ and Dr. Kyung-wha Kang will answer via her next Q&A video. Stay tuned! #AsiaSociety #Asian #Asia #nonprofit

Read on for a sneak peek of this week's 'China 5' newsletter, bringing you the 5 big things you need to know about China each Friday from our experts at the Center for China Analysis ⬇ 1️⃣ If everything goes according to Xi’s Third Plenum plan, by 2029, China will have economically decoupled from all actors who do not align with its policies and will have allied with those that do — Lobsang Tsering, Senior Research Associate 2️⃣ At the Third Plenum, Chinese officials conceded that the country’s economic recovery is “not strong enough” and called for more “proactive” measures to achieve the 5% GDP growth target.  Beijing’s strategy focuses on breaking institutional barriers rather than relying on Western-style expansionary policies — Lizzi C. Lee, Fellow on Chinese Economy 3️⃣ The phrase “garbage time of history,” internet slang used to describe a period where a country’s economic or political situation has severely deteriorated to the point of irreversible failure, has recently gained popularity in China. Ironically, government efforts to denounce the term ended up popularizing it, expanding its reach from a niche circle of dissidents into the mainstream — Shengyu Wang, Research Assistant 4️⃣ Aligning with the policy set forth at March's Two Sessions, the National Development and Reform Commission action plan aims to save energy equivalent to 2.5 million tons of standard coal and to curb carbon dioxide emissions by a total of 6.5 million tons in the aluminum sector over the next two years — Taylah Bland, Fellow on Climate and the Environment 5️⃣ China and the Philippines appeared to reach a temporary agreement on mutual restraint and de-escalation in the ongoing dispute at Second Thomas Shoal in the South China Sea. China’s statement might have undermined the Philippine position, but it reflects Beijing’s long-standing diplomatic approach of balancing a desire to de-escalate disputes while maintaining its reputation domestically — Lyle Morris, Senior Fellow for Foreign Policy and National Security To never miss an update, subscribe to China 5: https://lnkd.in/eteSxi32

Asia Society Policy Institute is recruiting ambitious undergraduates, masters students, and recent graduates for Fall internships in NYC and Washington DC with our international trade team, security & diplomacy team, and Center for China Analysis. Learn more and apply: https://lnkd.in/gRka5eHw

At China’s Third Plenum last week, it became clear that Xi Jinping will stick to his guns. As general secretary of the Chinese Communist Party, he doubled down on his existing agenda, ignoring calls by many economists for market reforms, consumer stimulus, and demand-side growth. But why didn’t Xi seize the opportunity to make bolder changes? In the latest article from the Asia Society Policy Institute’s Center for China Analysis (CCA), Why Did Xi Jinping Stick to His Guns at China’s Third Plenum?, CCA Fellow Neil Thomas looks at three things that help explain Beijing’s current economic strategy: 1️⃣ Xi believes his approach is the correct one. 2️⃣ Xi thinks his main problem is poor execution. 3️⃣ Xi increasingly discourages internal policy discussion. Read the article: https://bit.ly/3A4m7Qq #AsiaSocietyPolicyInstitute #CenterforChinaAnalysis #China #Policy #ThirdPlenum

“Leadership in an interdependent world means building in ways that insist upon integrating the overlooked and underestimated. And that is not easy, and it’s getting harder. Climate change is making it not only harder, but more imperative.” - Jacqueline Novogratz Watch a powerful conversation on entrepreneurship at the intersection of climate and poverty at Asia Society New York featuring Jacqueline Novogratz, Founder and CEO of Acumen, Shaiza Rizavi, co-CEO at Gilder Gagnon Howe & Co. LLC, and Steph Speirs, Founder and former CEO of Solstice. https://lnkd.in/gzRTHCJ2 #AsiaSociety #climate #entrepreneurship #business #leadership

How can countries build resilient economies and resist economic coercion? Asia Society Policy Institute's Director of Asian Economic Affairs Shay Wester's latest article summarizes key learnings from an international conference in Lithuania. Read it here: https://lnkd.in/ePsQxTce ✖ Current challenge #1: Economic coercion is a growing challenge to the rules-based trading system, driven by the rise of geopolitical tensions and the weaponization of interdependence by major powers. ✖ Current challenge #2: Balancing economic openness and security in an era of geo-economic competition is a critical challenge, with tensions between the desire for multilateral responses and the difficulties of reform given current geopolitical realities.  ✔ Recommendation #1: Countering economic intimidation effectively requires a strategy spanning national, mini-lateral, and multilateral levels. This includes reducing strategic vulnerabilities, diversifying trade ties, strengthening partnerships, and updating trade rules.  ✔ Recommendation #2: Multilateral institutions, including the G7 and OECD, play crucial roles in norm setting, trust building, and practical coordination. ✔ Recommendation #3: The private sector is a vital partner in the fight against economic coercion and should be better represented in future conferences on this subject. Creating incentives for developing alternative sourcing strategies and de-risking are necessary.

Asia is undergoing transformative changes in its power dynamics and strategic alliances. The Asia Society Policy Institute and The Express Tribune brought together experts, Rorry Daniels, managing director at ASPI; Senator Mushahid Hussain Sayed, former federal minister of Information and Media Development in #Pakistan; and Kamran Yousaf, journalist and host of The Review on Express News to explore the key trends in Asian geopolitics and what do they mean for Pakistan and overall regional stability. Farwa Aamer, director of South Asia Initiatives at ASPI, moderated the discussion. Catch the webinar recording here: https://lnkd.in/eZMP8DDe Read The Express Tribune's write up on the conversation: https://lnkd.in/ewTJYWUd

The Asia Society Policy Institute is organizing an intensive one-week program in the U.S. this December for talented young female professionals from #ASEAN. This program aims to develop expertise on critical trade and economic issues, hone negotiating skills, and build valuable networks with U.S. and ASEAN peers. ASPI will cover all costs for participants. Don't miss this chance to advance your career! For more details and to apply, visit: https://lnkd.in/eQGU3YuN. Applications close on September 5.

The Asia Society Policy Institute (ASPI) is organizing an intensive one-week program in the U.S. this December for talented young female professionals from ASEAN. This program aims to develop expertise on critical trade and economic issues, hone negotiating skills, and build valuable networks with U.S. and ASEAN peers. ASPI will cover all costs for participants. Don't miss this chance to advance your career! For more details and to apply, visit https://lnkd.in/eQGU3YuN. Applications close on September 5.