In The News

TPP, China and the Future of Global Trade Order

Shuaihua Cheng October 14, 2014
The Trans-Pacific Partnership, negotiated by 12 nations, could account for one third of all global trade. But so far, China is not included even though the country is a top trade partner for most of the participants and the world’s leading economy when accounting for purchasing power parity. TPP would eliminate tariffs and reduce non-tariff barriers. China would prefer reducing those tariffs by...

Trade With Caution

Nayan Chanda October 10, 2014
Foreign direct investment in target emerging economies is competitive. Japan and China have each announced new investments in India. The investors do not simply rely on geopolitical imperatives. “Sitting on a reserve of $4 trillion, China needs profitable avenues to use its savings and find employment for its citizens. Chinese companies need places to invest their cash reserves, export their...

Melting of Arctic Ice Opening Up New Routes to Asia

Christoph Seidler, Gerald Traufetter October 4, 2014
Melting polar ice steadily opens the once-frozen Arctic to commercial traffic. One route along the Russian coast reduces travel time between Europe and Asia by nearly half; in the Northwest Passage of the Canadian Arctic, 24 ships passed through last year compared to 69 during the previous century. Impatient about claiming and accessing vast stores of mineral wealth, nations and industries...

The Political Implications of Latin America's Slowing Growth

Eric Farnsworth October 3, 2014
Brazilians head to the polls, and the results could be a bellweather for the whole region. Latin American economies have flourished during the last decade due to growing worldwide demand for their copper, iron ore, meat and soy. However, the region can anticipate a slowdown as the world continues to recover from recent economic crises and as growth subsides in China, their main market. Regional...

Silk Road Diplomacy – Twists, Turns and Distorted History

Tansen Sen September 23, 2014
In foreign policy initiatives, China’s leaders promote an idyllic version of the Silk Road network of land and maritime routes stretching from Europe to Asia’s eastern coast, linking diverse cultures in trade. The goal is to link China’s historic and modern roles in promoting peace and prosperity for Asia. But the history of ancient expeditions is complicated, with goals and practices...

Internet Power Balance Tilts Toward Asia

Eva Duo, Juro Osawa and Wayne Ma September 22, 2014
The initial public offering from Alibaba Group Holding, Ltd., China’s largest e-commerce company, demonstrates a shift of technological and market dominance towards Asia, suggests an article in the Wall Street Journal. With Alibaba hitting the market, four of the top 10 most highly valued web companies in the world are based in Asia, the others being Baidu, JD.com and Tencent Holdings. Nearly...

Beijing Puts Hong Kong Business on Alert

Chris Dodd September 1, 2014
Hong Kong will have elections in 2017, but voters must select from candidates approved by China. Protesters plan to target the financial district. “Beijing’s intransigence and protesters’ plans to bring traffic in Hong Kong’s streets to a standstill are a threat to the city’s reputation as a stable financial centre,” writes Chris Dodd for AsiaFinance. Credit agencies and banks have issued...