Australia has weathered “sustained trade sanctions” from its top trading partner, China, to become more resilient, but has lost ground when it comes to diplomatic influence in the region, according to the latest rankings of power in Asia.
Australia’s response to trade actions from China helped it to improve its score on its capacity to deter real or potential threats to state stability – one of the factors in the Lowy Institute’s fourth annual Asia Power indexlaunched on Sunday night.
Australia remained ranked sixth in the overall rankings of comprehensive power in the region, after the US, China, Japan, India and Russia, but narrowly ahead of South Korea.
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