Many countries, including India and China, the security normalizing and economically recovering Japan and the ASEAN Economic Community are all looking forward to working with the incoming Trump administration in the US.
An influence-peddling scandal raised a groundswell of anger towards South Korean President Park Geun-hye. Members of the public took part in large rallies to voice their opposition. On December 9, South Korea’s parliament voted to impeach Park.
After fighting between government forces and rebel groups broke out in the northeast Myanmar border towns of Muse and Kutkai, some Myanmarese fled into Chinese territory. A Chinese daily reported that a state-owned structure suffered light damage from stray shells.
The ultimate goal is for TPP or RCEP to be a gateway to a macro Free Trade Area of the Asia-Pacific (FTAAP) objective that APEC has set its sights on. The FTAAP can help harmonize existing multilateral and bilateral trade linkages.
During his presidential campaign, US president-elect Donald Trump repeatedly stressed that he would rebuild US’ deteriorating infrastructure by pumping USD 550 billion into an aggressive plan to ensure better and more effective transportation and network systems.
Beijing has set up the USD 11 billion China-Central Eastern European fund to finance projects located in Central and Eastern Europe. This was jointly announced in Riga in the Baltic state of Latvia by Premier Li Keqiang and Latvian Prime Minister Maris Kucinskis.