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?
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.
In September 1981, Ye Jianying of the CPC laid down the famous nine-point proposal. The fifth point states that “The Taiwan authorities and representatives from all walks of life may serve as leadership positions in the national political institutions and participate in state administration.”
Former PM Lee Hae-chan have been given presidential orders by Moon Jae-in to conduct diplomacy with China, and media industry tycoon Hong Seok-hyun has been dispatched to the US to have a dialogue with US officials about the Korean Peninsula crisis.
On June 13, 2017, China and Panama jointly announced they had established formal diplomatic relations, and Panama declared it was breaking ties with Taiwan. The reaction in Taiwan reflected more hurt and anger than usual over the exit of a friend and “ally.”