China, Japan and South Korea started talks on a free-trade agreement vital to an Asia-wide deal in a move to forge closer economic ties even as they spar over disputed islands. The countries, representing three of Asia’s four biggest economies, will hold the first round of talks early next year, according to Xinhua, China’s official […]
Not too long ago it would have been unthinkable: the sight of a U.S. president standing next to Aung San Suu Kyi, the woman many believe should be — and might yet become — the president of her long-suffering country, Myanmar (also known as Burma). When Barack Obama was first elected to the White House […]
THE threat of the euro’s collapse has abated for the moment, but putting the single currency right will involve years of pain. The pressure for reform and budget cuts is fiercest in Greece, Portugal, Spain and Italy, which all saw mass strikes and clashes with police this week (see article). But ahead looms a bigger problem […]
The bruising Apple-Samsung fight raises major intellectual property rights (IPR) issues that South Korea and Asian economies generally are ill-prepared for. Unless the concerns raised by the Samsung-Apple dispute are resolved, Korea should expect regular trade friction with major partners and frequent accusations of copying and cheating. As wealthy countries like Korea move away from manufacturing […]
China’s central bank governor said convertibility will be the next step in the overhaul of the exchange-rate system as calls grow for the nation’s new leadership to deepen changes in the economy to sustain growth. “For the central bank, I think the next movement related to the yuan is going to be reform of convertibility,” Zhou Xiaochuan said at […]
From foreign hotel towers sprouting on Colombo‘s seafront to the new motorbikes and mobile phones buzzing in war-ravaged Jaffna, at first glance, Sri Lanka seems to be living up to its claim as Asia’s latest frontier market. But private businesses are not investing enough, threatening the boom that has swept the island since the end […]
Southeast Asian leaders sought to ease tensions with China over maritime disputes before a regional summit tomorrow involving U.S. President Barack Obama as concerns persist over weaker demand in the global economy. The Association of Southeast Asian Nations will confine discussions on a set of rules for operating in the South China Sea to the bloc’s meetings with China, […]
For many, India is a natural balancer in this region. New Delhi struck roots here hundreds of years ago, and there are signs all around. But in the current strategic debate roiling the region, India is a peripheral presence. New Delhi’s only statement so far has been to endorse the importance of ensuring freedom of […]
Barack Obama, re-elected president of the United States, will start his new term in January. Xi Jinping, who will lead China for the next decade, will start his stint soon after. The two will have to become friends if they are to ensure that the global economy’s baby steps towards recovery are not crushed midway. […]
The 18th National Congress of the Communist Party of China (CPC) concluded in Beijing Wednesday morning, after a new CPC Central Committee and a new Central Commission for Discipline Inspection were elected. Delegates to the congress also passed resolutions on the report of the 17th CPC Central Committee, the work report of the Central Commission for Discipline […]
