Contemporary East Asia seems to resemble much more an American tianxia than a Chinese one. And not just East Asia. America’s NATO allies are tightly integrated into US-centered security institutions, and the European Union is in effect controlled by NATO countries.
Pro-Beijing factions in Japan’s ruling Liberal Democratic Party see an AIIB membership as a way to improve Sino-Japanese relations but those who oppose it may be worried about rivalry with the Asian Development Bank.
In September 1981, Ye Jianying of the CPC laid down the famous nine-point proposal. The fifth point states that “The Taiwan authorities and representatives from all walks of life may serve as leadership positions in the national political institutions and participate in state administration.”
Former PM Lee Hae-chan have been given presidential orders by Moon Jae-in to conduct diplomacy with China, and media industry tycoon Hong Seok-hyun has been dispatched to the US to have a dialogue with US officials about the Korean Peninsula crisis.
On June 13, 2017, China and Panama jointly announced they had established formal diplomatic relations, and Panama declared it was breaking ties with Taiwan. The reaction in Taiwan reflected more hurt and anger than usual over the exit of a friend and “ally.”
July 1, 2017 marks the twentieth anniversary of the 1997 return of Hong Kong to Chinese sovereignty. The biggest bump in the journey led to the Umbrella Movement and inspired the emergence of fringe elements fighting for the unrealistic goal of Hong Kong independence.
After nearly six months of seeing giant shifts in one direction and then the other in Donald Trump’s Taiwan policy, many observers are wondering what is to come next. There are plenty of good reasons to believe that Trump wants to keep the status quo.
With nuclear tension escalating in the Korean Peninsula, it is anticipated that South Korea’s new President Moon Jae-in will foster warmer ties with North Korea. There is possibility of peace and stability if Moon is able to translate his intentions into reality.
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.
On May 9, 2017, South Koreans overwhelmingly selected Moon Jae-in as their next leader. What are the implications for the Korean Peninsula crisis and the region? Of greater concern to voters were their perceptions of the need to regulate the private sector conglomerates.