Hong Kong serves as a template for China to develop capitalism with Chinese characteristics. Hong Kong has been a living economic laboratory for socialist China to observe and selectively apply capitalist market features that have led to the rise of the Chinese economy.
Over the years, the Hong Kong government has accumulated a huge amount of reserves (roughly HKD 4000 billion). When such an amount of wealth is sitting around earning a modest rate of return, any economist would ask the question: is this the most efficient allocation of resources?
The recent Japanese Defense White Paper warns of threats from North Korea arising from Pyongyang’s continued missile tests. 20 rounds of tests meant that the Kim Jong Un regime fired more missiles than his father’s regime did (an estimated 16 missiles in total) in 18 years.
Since his election in 2013, Prime Minister Abe has been promoting increased women’s entry into the workforce. Private consultancy studies such as the 2014 Goldman Sachs study pointed out that womenomics could “potentially boost Japan’s GDP by 13 percent.”
Power generation is the largest demand driver of coal use in Northeast Asia and many parts of the world. Japan is not alone in coal energy use and it is quite likely the regional coal industry will continue to persist for years to come.
The India-Japan Nuclear Deal came into force on July 20, 2017. With the deal, Japan can export nuclear power plant technology to India and help India with nuclear waste management. They can also jointly manufacture nuclear power plant equipment.
Contemporary East Asia seems to resemble much more an American tianxia than a Chinese one. And not just East Asia. America’s NATO allies are tightly integrated into US-centered security institutions, and the European Union is in effect controlled by NATO countries.
India and Japan have joined hands in engaging in economic diplomacy with Africa and the rest of Asia, with the goal of social and economic development of the developing countries in these two continents.
Through a strategic doctrine of electronic and cyber warfare containment, it would be possible for certain strategically significant actors to contain North Korea, while other strategically significant actors simultaneously work toward a peaceful resolution to the issue.
Pro-Beijing factions in Japan’s ruling Liberal Democratic Party see an AIIB membership as a way to improve Sino-Japanese relations but those who oppose it may be worried about rivalry with the Asian Development Bank.