As the relevance of anti-China groupings such as the Quad and Aukus fades, Beijing and its neighbours have more room for dialogue.

Countries like India can’t afford to let ties with China be defined by a grouping focused on reacting to one power and lacking a broader positive vision.

The grouping is unlikely to harden into an “Asian NATO.” For Beijing, the more consequential contest is over supply chains, technology standards, and the rules of the Indo-Pacific…