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.
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.
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.”