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China’s Industrial Evolution: A Scorecard for “Made in China 2025”

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Key Takeaways: • China’s Made in China 2025 (MIC25) initiative is a strategic blueprint designed to transform the country’s economy from the world’s top factory for low-cost goods into a leader in high-tech and innovative manufacturing. • Since its initial release in 2015, China has frequently rebranded MIC25 to match its industrial policy objectives, while […]

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Retaliation and Negotiation, Asia Responds to Tariff Implementation

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Key Takeaways Retaliation: China stands unique among Indo-Pacific countries with the highest tariff rate of 145 percent while others have been paused at 10 percent for 90 days. China is also the only country in the region that has chosen to economically retaliate against U.S. tariffs, escalating the tensions into a trade war. Negotiation: Most other Indo-Pacific

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Asia Reacts to Trump’s Historic Tariffs

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Trump’s Liberation Day Tariffs:   On April 2, U.S. President Donald Trump imposed 10 percent duties on all trading partners, effective April 5, plus higher market-by-market tariffs on many Asian nations, effective April 9, targeting partners that have the largest trade surpluses with the United States. President Trump is calling these tariffs “reciprocal,” although the

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The 119th Congress and China: Widespread Interest but Doubtful Legislative Outcomes

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Key Takeaways Much Talk, Less Action: Bipartisan interest in China on Capitol Hill is wide but not deep. In 2024, Congress held nearly 40 China-focused hearings – a slight drop from 50 in 2023 – and debated over 800 China-related resolutions, bills, and amendments. But aside from a piece of nearly unanimous legislation to force ByteDance

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India’s Union Budget 2025-26

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On February 1, 2025, India’s Minister of Finance Nirmala Sitharaman delivered the Union Budget Presentation. This year’s Budget comes as the Narendra Modi government contends with narrower economic growth projections driven by fluctuating global economic conditions, with Minister Sitharaman estimating India’s GDP growth at 6.3-6.8 percent for FY 2025-2026. Accordingly, the Budget showcases the Indian government’s efforts to drive consumption-led

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Updated U.S. Export Controls on Advanced Chips Seek to Close Loopholes and Push Allied Alignment

Commentary /

The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced on December 2 updates to export controls that limit China’s access to advanced semiconductors and semiconductor manufacturing equipment in order to slow China’s military modernization and use of advanced technologies that enable human rights abuses. These rules are the Biden administration’s third major update in three years and are expected to serve as the final update before a change of administration.

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