As part of the Lowy Institute Recast series, we are republishing the best podcasts of 2025. In case you missed them the first time around or if you want revisit these engaging conversations, the Recast series has you covered.

Lowy Institute Senior Fellow Richard McGregor talks with American sinologist Professor David Shambaugh about his latest book, Breaking the Engagement, which charts the rise and fall of Washington’s engagement strategy with China. They discuss the original aims of the strategy, why it failed, and what lessons Australia can draw.