In recent weeks, some top members of Taiwan President Tsai Ing-wen’s party have warned her that US President Donald Trump will likely terminate and may even reverse America’s recent pro-Taiwan actions and policies.
The Eastern Economic Forum, Russia’s economic outreach to the world, attracted participants from 60 countries. The most notable ones were China and Japan. The EEF was held for three years continuously in Russia’s Far Eastern city of Vladivostok
The recent US trade retaliation against China is similar to that against Japan in the 1970s and 1980s. Japan’s economy was badly hit after the large appreciation of the Japanese yen as part of the measures to resolve the bilateral trade imbalance
The China-Japan Maritime and Airspace Liaison Mechanism, activated on June 8, 2018, is a crisis management mechanism established by the defense departments of both countries to prevent friction or conflict in their frontline forces of the sea and air.
An unfavorable outcome in the mid-term elections for Trump will likely be leveraged by the Kim regime to extract a maximum number of concessions from the US and stakeholders to pursue economic development and retain his strategic nuclear deterrent.
North Korea’s economy suffered a negative growth of 3.5 percent in 2017, its worst setback in a decade. The disagreement with the US over its denuclearization process could delay the lifting of sanctions, while China-US competition in the Korean Peninsula may add additional uncertainty.
Both are daughters of former heads of state, and their political pedigrees befitted their status in history. The conspicuous resemblance of South Korea’s Park Geun-hye (2013-2017) and the Philippines’ Gloria Macapagal-Arroyo (2001-2009) is eerily apparent.
With cooling regional temperatures in East Asian affairs and politics, some wonder if the defense budgets in the region will also cool down correspondingly. The Trump-Kim summit in Singapore set the way for the possibility of lasting peace in East Asia.
Since early 2016 when Tsai Ing-wen became president and her party, the Democratic Progressive Party, took control of the legislature, Taiwan’s defense spending has been below par. It has also been lower than Tsai promised.
The President of the Republic of Korea, Moon Jae-in, was in New Delhi for his first state visit to India from July 8-11, 2018, as part of his wider Asia-Pacific trip under the umbrella of Moon administration’s New Southern Policy.