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.
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.
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.
During King Salman’s visit to Beijing, a major Sino-Saudi investment agreement worth an estimated USD 65 billion was signed and it included “a plan for the kingdom to participate in China’s Chang’e-4 moon mission and a partnership agreement for manufacturing drones.”
Chinese governmental policies and actions facilitated the development of the VC market in order to encourage innovation and technological development, and to stimulate structural reforms of the economy.