India’s upgrading of the Look East Policy to Act East Policy seem promising for India-Vietnam economic ties. With the progression of the Regional Comprehensive Economic Partnership Agreement, there will be more opportunity to tap the Vietnamese market.
India and Japan have joined hands in engaging in economic diplomacy with Africa and the rest of Asia, with the goal of social and economic development of the developing countries in these two continents.
China’s Belt and Road Initiative has its detractors and opponents. To some it is an existential threat. Given its Leviathan nature that is no wonder. Of course, the BRI also has its enthusiasts and supporters.
Out of the top ten biggest companies by market capitalization at the end of May 2017, seven belong to the new economy. Except for the third-ranking Microsoft, none of the other six was a household name twenty years ago.
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.
In the two years since Chinese President Xi Jinping’s official announcement of the China-Pakistan Economic Corridor during his state visit to Pakistan on April 20, 2015, the first slate of “early harvest” CPEC projects are poised to be completed.