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Archive for the tag “APEC”

Apec Summit Ends Without Agreement As US And China’s Deep Divisions Over Trade Emerge

The annual Asia-Pacific Economic Cooperation summit ended without agreement on a joint communique for the first time in its history as the escalating rivalry between the United States and China dominated proceedings. The impasse emerged a day after Chinese President Xi Jinping and the US Vice-President Mike Pence had blamed their rivals in the ongoing trade war in back-to-back speeches.

Read Here – South China Morning Post

Truth-Telling On China’s Economy

As the leaders of 17 countries gathered in the Philippines Wednesday for the annual Asia-Pacific Economic Cooperation forum, Chinese President Xi Jinping stated the obvious. “The Chinese economy is a concern for everyone,” he said. “We will work hard to shift our growth from just expanding scale to improving its structure.”

Read Here – BloombergView

Of Reality And Dreams…

Chinese President Xi Jinping has called for efforts to create and fulfil an Asia-Pacific dream, saying China’s economy will bring huge opportunities and benefits to the region and the world. Addressing the Asia-Pacific Economic Cooperation (APEC) CEO Summit, which attracted over 1,500 business people from 21 APEC member economies and 17 other countries and regions, Xi said Asia-Pacific region has a strong impetus for development and a bright future, with a rising standing in the world, but it now stood “at a crossroads.”

Read Here – Global Times

Who Should Laugh At Whom?

By most accounts, the past few weeks have exposed a drastic maturity gap between the U.S. and Chinese governments. The purported icon of democracy watched its system descend into chaos and petty political gamesmanship, coming within hours of a default that would have sparked global economic disorder.

Read Here – Bloomberg

China’s Great Game

The cancellation of U.S. President Barack Obama’s visit to South-East Asia, and the two separate tours of Chinese President Xi Jinping and Premier Li Keqiang to the region can be seen as geopolitical markers of our times.

Read Here – The Hindu

Asia To Remain World’s Growth Engine: IMF

Asia is likely to remain the world’s economic engine despite the recent soft patch in global growth and increasing volatility in international financial markets, says the International Monetary Fund.

Read Here – International Monetary Fund

How Is A U.S. Shutdown China’s Gain?

Last week as the U.S. Federal Government shut down, President Obama canceled his planned trip to Indonesia and Brunei, where he was to have attended the Asia-Pacific Economic Cooperation (APEC) forum in Bali. Some foreign policy analysts have argued the canceled trip will inflict serious damage to the United States’ position in Asia.

Read Here – The Atlantic

Th Dreaded Day Is Here

The day Asian leaders have long dreaded is here: The era of rapid growth is over. It has taken five years, but the fallout from what Asians call the “Lehman shock” is finally hitting gross domestic product and living standards, writes William Pesak

Read Here – Bloomberg

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