With deepening cooperation between China and countries along the Belt and Road, more needs to be done in institutional arrangement, policy chains, risk assessment and control as well as communication at different levels.
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.
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.
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 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.