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By Min-Hua Chiang - 17 Sep 2018
North Korea’s economy suffered a negative growth of 3.5 percent in 2017, its worst setback in a decade. The disagreement with the US over its denuclearization process could delay the lifting of sanctions, while China-US competition in the Korean Peninsula may add additional uncertainty.
Japan’s investment in China and bilateral trade have suffered setbacks in recent years. Unlike the slowing down of economic relations, the new geopolitical situation has encouraged the leaders from the two countries to seek more intimate diplomatic ties.
Taiwan’s newly elected president Tsai Ing-Wen plans to set up a quasi-sovereign wealth fund to kick-start innovation-driven industrial development. She wishes to bring Taiwan into the US-led Trans-Pacific Partnership and enhance economic cooperation with several countries beyond China.