Sunday, May 26, 2019

Tag: ASEAN

China, Malaysia pledge to narrow differences on South China Sea

Kuala Lumpur also agrees to buy four Chinese naval vessels as part of Najib Razak’s visit to Beijing. China and Malaysia vowed to deepen cooperation on the ­disputed South China Sea on Tuesday as Malaysian Prime Minister Najib Razak met Premier Li ­Keqiang in Beijing. Li called on Malaysia and China...

India Acts East

Washington’s pivot to Asia gets all the attention, but India's pivot east will redefine regional politics. Washington’s Asia rebalance, first articulated by President Barack Obama in a 2011 speech to Australia’s parliament, has received ample attention. India’s envisioned pivot to Asia has garnered far less. Nonetheless, India’s planned pivot is freighted with significance for the country’s economic prospects,...

China Trade Balance Plunges To 11-Month Lows As Exports Crash Over 25%

Worse than expected is an understatement. Things are not getting better in China as Exports crashed 25.4% YoY (the 3rd largest drop in history), almost double the 14.5% expectation and Imports tumbled 13.8%, the 16th month of YoY decline - the longest ever. Altogether this sent the trade surplus down...

Services Trade in Focus as TISA, TTIP, RCEP Aim for 2016 Conclusion

Services trade governance could see some significant developments in the coming year, as various major trade initiatives confirmed separately last month that they hope to reach conclusion in 2016. In recent weeks, negotiators for three major pacts – the Trade in Services Agreement (TISA), the Transatlantic Trade and Investment Partnership...

The IMF Changes its Rules to Isolate China and Russia

The nightmare scenario of U.S. geopolitical strategists seems to be coming true: foreign economic independence from U.S. control. Instead of privatizing and neoliberalizing the world under U.S.-centered financial planning and ownership, the Russian and Chinese governments are investing in neighboring economies on terms that cement Eurasian economic integration on...

Building the New Silk Road

Introduction More than two thousand years ago, China's Han Dynasty launched the Silk Road, a sprawling network of commerce that linked South and Central Asia with the Middle East and Europe. Today, the idea of a "New Silk Road," an intertwined set of economic integration initiatives seeking to link East...

China’s Belt and Road Initiative benefit foreign companies

BEIJING — Trade and cooperation projects surged between China and countries along the route of Belt and Road Initiative during the first quarter as more foreign companies get involved. Trade with countries along the new commerce routes amounted to $236 billion in the first quarter of 2015, according to the...

Australia Caught in Middle of US-China Power Tussle

Canberra could struggle to balance its interests as tensions rise over the AIIB and TPP. Tensions between the United States and China over the Chinese-led Asian Infrastructure Investment Bank (AIIB) are the next embodiment of a hard and soft power battle for economic and political dominance in the Asia-Pacific, and...

Thailand, International Oil, and the Future of Energy

The Southeast Asian nation of Thailand is currently wrestling with a particularly contentious issue involving international oil concessions. In essence, foreign oil monopolies, particularly Western corporations including Exxon, Chevron, and British Petroleum (BP) have been given access to Thailand’s oil and natural gas supplies, to explore, develop, and exploit...

Vision and Actions on Jointly Building Silk Road Economic Belt and 21st-Century Maritime Silk...

Issued by the National Development and Reform Commission, Ministry of Foreign Affairs, and Ministry of Commerce of the People's Republic of China, with State Council authorization March 2015 First Edition 2015 Contents Preface I. Background II. Principles III. Framework IV. Cooperation Priorities Policy coordination Facilities connectivity Unimpeded trade Financial integration People-to-people bond V. Cooperation Mechanisms VI. China Regions in Pursuing Opening-Up VII. China in Action VIII. Embracing a Brighter Future Together Preface More...

China starts work on $50 bln Asian Infrastructure Investment Bank

China has begun preparations to set up a multilateral bank to fund infrastructure projects in Asia, the finance ministry said on Friday, looking to tap into demand for infrastructure growth as regional economies develop. In a statement, the ministry said the planned Asian Infrastructure Investment Bank would have a capital...

Revising U.S. Grand Strategy Toward China

"China represents and will remain the most significant competitor to the United States for decades to come. As such, the need for a more coherent U.S. response to increasing Chinese power is long overdue," write CFR Senior Fellow Robert D. Blackwill and Carnegie Endowment for International Peace Senior Associate...

India’s new Asia-Pacific strategy: Act East

It has been a busy year for India in the Asia Pacific. From multilateral summits to bilateral diplomacy, the Modi Government has deliberately moved to step up engagement with its East and Southeast Asian partners. At this year's India-ASEAN Summit, Prime Minister Modi announced his intention to upgrade India's long-standing...

What the new bank of BRICS is all about

As World Cup fever recedes, this week in Fortaleza heads of state from Brazil, Russia, India, China, and South Africa (the so-called BRICS countries) agreed to establish a New Development Bank (NDB) at their summit meeting. They will have a president (an Indian for the first six years), a...

Understanding ASEAN: Seven things you need to know

Southeast Asia is one of the world’s fastest-growing markets—and one of the least well known. China remains the Goliath of emerging markets, with every fluctuation in its GDP making headlines around the globe. But investors and multinationals are increasingly turning their gaze southward to the ten dynamic markets that make...

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