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looking beyond borders

foreign policy and global economy

Archive for the tag “Southeast Asia”

Why Asia-Pacific Nations Don’t Want To Take Sides In The US-China Trade War At The G20

Various countries in the region are under pressure to support Washington or Beijing as their tariff dispute bleeds into bigger issues. But wariness of putting one offside means most will try to wait for the two giants to work through their differences.

Read Here – South China Morning Post

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US, China War Drums Put SE Asia On New Edge

Did the recently concluded Shangri-La Dialogue talk shop, long a gauge of the Indo-Pacific’s geo-strategic temperature, presage a coming conflict between China and the United States, and potential end to decades of relative peace and stability in the region?

Read Here – Asia Times

Rethinking Belt-And-Road Debt

More than 75 nations participate in China’s Belt and Road Initiative, launched in 2013 to develop trade and connect Asia, Africa, the Middle East and Europe with ports, roads and railways. But some countries worry about adding to already heavy debt burdens, and some projects have become an issue in local politics. Among the most vocal critics is Malaysia’s Prime Minister Mahathir Mohamad who has warned about a new colonialism.

Read Here – Yale Global

Forget US-China Trade War Tariffs, This Is What Really Worries Asia

Is US President Donald Trump really going to amp up trade tariffs against China? And with its back against the wall, will Asia’s biggest, most influential economy use a sharp currency devaluation as a form of retaliation? In Southeast Asia, home to some of the world’s most China-dependent economies, astute market watchers say they are as clueless as the man on the street when it comes to these two questions. But one thing is certain, they say: in the financial markets, bearish “animal spirits” have taken hold…

Read Here – South China Morning Post

What Australia’s Foreign Policy White Paper Misses On China

The Foreign Policy White Paper paints a picture of an uncertain world and troubling times. With this understanding as its foundation, the White Paper outlines what approaches Australia should take to protect its national interests. While some elements are new, these approaches are still a means to preserving the status quo. What the White Paper does not do is accept that there are some big and important phenomena we cannot control, and that Australia needs to prepare for them.

Read Here – The Interpreter

Myanmar’s Internet Disrupted Society — And Fuelled Extremists

Farmers in oxcarts, Buddhist monks, businesspeople launching startups—they all now have the world at their thumbs. But what is it like to endure, in just a few short years, the transition Western countries have had a quarter century to work through? Tech is powerful anywhere, but it’s particularly powerful when it’s brand-new and easy to exploit.

Read Here – Wired

Wanted: A U.S. Strategic Response to China’s Belt And Road Initiative

China is engaging in a nearly trillion dollar play for the future of Afro-Eurasia—called the Belt and Road Initiative—and has so far caught the United States flat-footed. Unless the United States works with key allies and partners to craft a forward-leaning response, it risks replicating the strategic failure that occurred in the South China Sea. The result could be a China-centric economic and security order extending across Eurasia and along the Indian Ocean rim.

Read Here – The National Interest

Chinese President Pledges Billions Of Dollars For New Silk Road, ‘Snubs’ Absentee India

Chinese President Xi Jinping pledged to pump billions of dollars into the new Silk Road initiative as he described his signature foreign policy push as inclusive, one that should not be held hostage to old rivalries and power games. China is hosting at least 29 heads of state, including Russian President Vladimir Putin and Pakistan Prime Minister Nawaz, Sharif, for a two-day “Belt and Road” conference which India has chosen to give a miss.

Read Here – Hindustan Times

Also Read: Belt and Road new model of win-win, not outdated geopolitical manoeuvring

The $900 billion Question: What Is The Belt And Road initiative?

Courtesy: Global Times

In concrete terms, the Belt and Road initiative is an immensely ambitious development campaign through which China wants to boost trade and stimulate economic growth across Asia and beyond. It hopes to do so by building massive amounts of infrastructure connecting it to countries around the globe. By some estimates, China plans to pump $150bn into such projects each year. In a report released at the start of this year, ratings agency Fitch said an extraordinary $900 billion in projects were planned or underway.

Read Here – The Guardian

Cambodia, Sri Lanka And The China Debt Trap

The influx of Chinese economic assistance into Sri Lanka and Cambodia has raised questions regarding the intentions behind these massive loans. While China may still be considered a developing economy, its current strategy of providing soft power loans and aid to its regional neighbours is reminiscent of the tributary system that the country employed back in its empire days.

Read Here – East Asia Forum

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