2018 Second-Quarter Forecast

Asia-Pacific

The Asia-Pacific is home to more people than any other region. Centered on the western rim of the Pacific Ocean, this region includes the easternmost countries of continental Asia as well as the archipelagos that punctuate the coast. Several of these countries, most notably China, experienced rapid economic growth in the second half of the 20th century, giving the region a new sense of global economic relevance that continues today. That relevance, however, depends largely on China, a power in transition whose rise is testing the network of U.S. alliances that have long dominated the region. How effectively Beijing manages its transition will shape the regional balance of power in the decades to come.

Mar 8, 2018 | 20:57 GMT
Centered on the western rim of the Pacific Ocean, the Asia-Pacific region includes the easternmost countries of continental Asia as well as the archipelagos that punctuate the coast.

Centered on the western rim of the Pacific Ocean, the Asia-Pacific region includes the easternmost countries of continental Asia as well as the archipelagos that punctuate the coast.

(Thoyod Pisanu/Shutterstock.com)
section Highlights
  • As the United States imposes new trade restrictions on China, Beijing will respond in kind, engaging in a tit for tat that could delay China's plans for economic reform.
  • At home Chinese President Xi Jinping will focus on solidifying control over local governments to ensure that they comply with his attempts to overhaul the economy and redistribute national resources.
  • South Korea will struggle to balance between neighbor and ally as tension mounts between North Korea and the United States.
  • Intent on halting China's rise, the United States will forge deeper diplomatic and defense ties with Taiwan -- pushing China and Russia even closer together in the process.
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