Japan’s forward bend towards China’s BRI will provide an impetus to Asia’s much needed infrastructure build-up. Asia has a large infrastructure need which is essential for the economic growth of Asian countries and which is significant for their global competitiveness.
China has become a major source for tourists for all Southeast Asian states. Laos is no exception in trying to attract this revenue earner. Improved connectivity through high-speed rail is one way to harness this potential and ensure Laos stays competitive in this market.
In the two years since Chinese President Xi Jinping’s official announcement of the China-Pakistan Economic Corridor during his state visit to Pakistan on April 20, 2015, the first slate of “early harvest” CPEC projects are poised to be completed.
Yu’e Bao is a repository for leftover cash from online spending. The speedy growth of the fund highlights the pervasive role now played by technologies, which at the same time disrupts important erstwhile state-controlled economic pillars such as finance.
A recent article authored by the Party Committee of China’s State-owned Assets Supervision and Administration Commission of the State Council in the Qiu Shi journal has stirred up heated discussions on the direction of China’s state-owned enterprise reforms.
MSCI Inc.’s decision on June 14, 2016 to not include China A-shares in the MSCI Emerging Market Index is seen by some analysts as a blow to the country’s efforts in raising its stock market profile and turning the RMB into an international currency.