On May 15, 2017, Japan signaled its intention to join the Asian Infrastructure Investment Bank initiated by Beijing. The condition is for the AIIB to address Japan’s concerns about the environmental impact of AIIB-funded projects and other matters.
Recently, there have been three significant state visits to India by Malaysian PM Najib Razak, Bangladesh PM Sheikh Hasina, and Australian PM Malcolm Turnbull. All three countries are vital players in what the Modi Government has dubbed as India’s “Act East Policy.”
The recent lynching of a university student in Pakistan who had been falsely accused of blasphemy highlights the fact that terrorist and separatist violence are not the sole security threats facing the successful completion of the China-Pakistan Economic Corridor.
The rise of Uber and the challenges it now faces illustrate the pitfall of innovation. While one cannot argue against the sharing economy aspect of Uber, one cannot also ignore the regulatory arbitrage issues raised by the taxi drivers.
In October 2016, Philippine President Rodrigo Duterte visited China and Japan, two of the country’s important economic partners. His trips earned the Philippines millions of dollars’ worth of Chinese and Japanese loans and investments.
Even though Trump’s actions vis-à-vis the TPP sent some shock waves, his engagements with Japanese Prime Minister Abe suggests that neither is walking away from US-Japan security or their bilateral trade relationship. The same can probably be said about NAFTA.
ASEAN celebrates its 50th anniversary this year and Cambodia celebrates its 18th birthday in ASEAN. What are the challenges Cambodia has to confront and what opportunities will this regional group bring to the country?
The bankruptcy of Westinghouse raised the spectre of a Chinese takeover of the nuclear power plant projects. Bloomberg reported that cabinet officials had been involved in discussions about how to keep Westinghouse out of the control of a Chinese entity.
India’s key challenge is to come up with a rational response to CPEC, and not allow any one strand to influence its approach towards this project, which seeks to connect Kashgar in Xinjiang with Gwadar in Balochistan.