Is Trump the president who lost Asia to China?

and Israel’s war on Iran has left developing countries using Chinese tech and trade, like solar panels and EVs, better able to weather fallout than those relying on American-backed supply chains
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For at least a decade, developing countries across Asia and Africa have worried about growing dependent on China
They’re concerned about debt traps, coercive policies and hidden costs that might push their economies toward crisis.Crisis has come and that logic has been turned on its head
and Israel’s war on Iran and its ensuing counterattacks, it is the countries that bet on Chinese supply chains that are faring better than the ones that trusted Pax Americana.Consider Pakistan
By now it should have been in the middle of yet another economic and social implosion
It has always been vulnerable to energy price shocks, given that it imports almost all of its energy, much of it through the Strait of Hormuz
The country has $130 billion in external debt and a persistent current account deficit, and so the slightest nudge should have tipped it over into a familiar spiral: Emergency requests to the International Monetary Fund, 18-hour power blackouts, unrest on the streets.

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