Who fill up the gap in the world economic party without China?

20 lug 2023

China's functional role in the past 20 years' globalisation game is definitely declining amid the disruptive geopolitical situation. Who would be able to undertake China's great role? It might not be viable to assume any single country can make it after all China is a very large, highly diversified economy entity. I think Japan, India, Taiwan, South Korea and ASEAN region would jointly take up the formidable task. From the world factory, high tech research and development, supply chain system, export and import trading, consumer market and etc, those countries would collaborate with each other more closely in order to fill up the gap in the world economic party without China.

If so, Japan's economy might revive aftermath her 30 years lost time. India might grasp the chance to copy China's past successful development model.