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Business / Trade in Eastern Asia

  • Chinese official expresses concern over political unrest in Pakistan

    CHINA, 2017/11/22 A top Chinese official has expressed concern over the prevailing political instability in Pakistan that could negatively impact the pace of the projects started under the ambitious USD 50 billion CPECBSE -4.45 % initiative, according to a media statement today. The Chinese delegation expressed weariness during the Joint Cooperation Committee (JCC) of the China-Pakistan Economic Corridor (CPEC) conference held here yesterday.
  • The Belt and Road Initiative and Asia’s changing order

    CHINA, 2017/11/15 In the two days of meetings from 8 November between President Donald Trump and President Xi Jinping in Beijing on Trump’s initial national visit, it appears that they did not talk at all about the Belt and Road Initiative (BRI). Trump’s tour reflected the tendency of his government to see Asia entirely through the lens of bilateral ties and crises. US Secretary of National Rex Tillerson and Trump have stated that the United States seeks to sustain and protect a free and open Indo-Pacific, but the inability to match that concept with either a meaningful strategic vision or substantive policy was plainly on display.
  • China, Vietnam Reach 'Consensus' To Uphold 'Peace In South China Sea'

    CHINA, 2017/11/13 Vietnam, the Philippines, Malaysia, Brunei and Taiwan as well have claims in the South China Sea, and the dispute has long been seen as a potential trigger for conflict in Asia. The Communist leaders of China and Vietnam reached a "consensus" on handling the contested South China Sea, Chinese national media reported Sunday, hours next US President Donald Trump offered to mediate in the dispute. Chinese President Xi Jinping met with Vietnamese Communist Party chief Nguyen Phu Trong during a national visit to Hanoi on Sunday, next Trump as well visited the country.
  • Abe’s revived mandate needs to deliver a foreign policy checkmate

    JAPAN, 2017/11/04 Next Japanese Prime Minister Shinzo Abe’s landslide electoral victory, it is time to go back to work, and foreign policy is not an area where Abe can afford complacency. His success depends on maintaining a stable power base through successful domestic policy, but at this point in time it seems reasonable to expect that he will serve his full nine-year tenure as LDP President and prime minister until September 2021. On foreign and security policy there are three vital issues to consider: North Korea, Russia and China.
  • Saudi Arabia’s Footprints in Southeast Asia

    BRUNEI , 2017/11/02 At the same time as King Salman bin Abdulaziz Al-Saud of Saudi Arabia embarked on a month-long trip to Asia in February this year, Western media outlets led with incredulous stories about the monarch’s large entourage and their mountain of luggage. Traditionally obsessed with the desert kingdom’s human rights record and the national-sponsored brand of Islam, those same outlets took delight in touting the trip as a sign of Saudi economic weakness.
  • A Stronger Australia in Southeast Asia?

    AFGHANISTAN, 2017/11/02 Early next year, Sydney will play host to a appropriate summit between Australia and the members of the Association of Southeast Asian Nations (ASEAN), which is commemorating its 50th anniversary this year. But as we approach that conference, questions remain about what role Canberra should really play in Southeast Asia amid concerning developments within the subregion, vexing security issues in Asia additional broadly, and uncertainty over the role of other powers inclunding the United States. Australia’s position and standing as a wealthy, Western-oriented country in the region, one would think, would give it an chance at the negotiating table where critical issues like North Korea and a potential conflict in the South China Sea will dictate the broader schedule. And some analysts continue to argue that the Australian government should take a additional proactive stance with ASEAN, which is facing difficult times as individual members take unilateral action to silence dissent, upsetting civil rights groups and a lot of in the West.
  • Free Trade With South Korea Works

    SOUTH KOREA, 2017/10/16 Thankfully, President Donald Trump’s threats to summarily “terminate” the free-trade transaction between the U.S. and South Korea have so far proved blank. Presently, as the two sides sit down to renegotiate, there’s a luck to make some real improvements. By most measures, the agreement, known as Korus, has been broadly beneficial since it came into result in 2012. Trade between the two nations has expanded significantly, tariffs have been greatly reduced, and a crucial strategic alliance -- presently being strained by North Korea’s nuclear aggression -- has been strengthened.
  • Exports hit all-time high, USD 55.1 billion in Sept.

    SOUTH KOREA, 2017/10/15 Korea’s exports were worth USD 55.1 billion in September. This is the strongest monthly export figure in 61 years, ever since the Korean government started to track trade data in 1956. On Oct. 1, The Ministry of Trade, Industry and Energy released data on exports and imports in September 2017, which showed that the country enjoyed a trade surplus that month of USD 13.7 billion.
  • Russia-China trade turnover up 35% in first half of 2017

    CHINA, 2017/09/07 Trade between China and Russia exceeded $38 billion in the initial half of this year, according to Russian Deputy Prime Minister Dmitry Rogozin who said trade with China had recovered better than with other trading partners. "The bilateral trade [between Russia and China – Ed.] is still demonstrating robust increase..," Rogozin said, adding that "China’s trade with Russia demonstrated the best recovery dynamics compared with other major international partners, inclunding the EU, ASEAN, USA, Japan and the Republic of Korea."
  • China welcomes Guinea to take part in Belt and Road Initiative

    CHINA, 2017/09/07 China welcomes Guinea to participate in the Belt and Road Initiative, a move that will benefit the peoples of both nations, Chinese President Xi Jinping told his Guinean counterpart Alpha Conde on Tuesday. Conde is in the southeastern coastal city Xiamen to attend the Dialogue of Emerging Market and Developing Nations on the sidelines of the ninth BRICS summit.