Advertisement Taiwan’s recent economic troubles are looking increasingly likely to affect the prospects of the Democratic Progressive Party (DPP) and its presidential candidate, Vice President William Lai, in Taiwan’s 2024 elections. In the first quarter of 2023, Taiwan’s economy entered a technical recession as Gross Domestic Product (GDP) contracted by 3.02 percent compared to the … Read more
Oceania | Economy | East Asia China recently resumed imports of Australian coal, cotton, and copper, and Minister Don Farrell has said he would push for a review of tariffs on Australian barley. Australian Trade and Tourism Minister Don Farrell arrives in Beijing, China, May 11, 2023. Credit: Facebook/ Don Farrell Advertisement Australian Trade and Tourism Minister Don Farrell … Read more
Advertisement Despite innumerable warnings from the U.S. and its allies that China is the root of Sri Lanka’s economic woes, and that Chinese infrastructure development projects create security dilemmas for India, Colombo went ahead recently to sign an agreement with a China Merchants Port Holdings (CMPH)-led consortium to build a $392 million South Asia Commercial … Read more
Advertisement Chinese tech giants Alibaba, Tencent, and Huawei have built more data centers in Southeast Asia than Google, Amazon, and Microsoft. The rapid expansion of Chinese tech investment has many nuanced implications for China’s presence in the region – especially at a time when the Chinese government exerting more and more control over the country’s … Read more
Advertisement The Boao Forum for Asia Annual Conference 2023 was held in China’s Hainan Province from March 28 to March 31. First held in February 2001, the idea of an Asia-specific economic forum was supported by Chinese leadership when it was first proposed in 1998 by former Philippine President Fidel V. Ramos, former Australian Prime … Read more
Pacific Money | Economy | Southeast Asia The extent to which the region’s governments are willing to engage with Chinese firms, and the risks they perceive in doing so, vary widely. Advertisement Because telecommunications play a pivotal role in the collection and transmission of information, geopolitics and national security are often inseparable from more mundane commercial interests when countries … Read more
Advertisement Kazakhstan is betting heavily on the Trans-Caspian International Transport Route (TITR), or Middle Corridor, as an alternative to reach European and international markets and bypass Russia. Many factors need to be considered to understand whether the corridor will boom in the short or long term; one vital topic is the future of Kazakhstani ports. … Read more
Crossroads Asia | Economy | Central Asia The cost of electronics and household appliances in Russia may increase by 10-12 percent due to new restrictions at the Kazakh border. Advertisement In recent months, customs controls in Kazakhstan have tightened, and the effects are starting to be felt in Russia. As Astana tries to avoid secondary sanctions, the country has … Read more
Advertisement China’s chief foreign intelligence agency raided the offices of business consulting firm Capvision in Beijing and other Chinese cities as part of an ongoing crackdown on foreign businesses that provide sensitive economic data. Foreign companies operating in China have come under increasing pressure, driven primarily by national security considerations, as Xi Jinping’s government tightens … Read more
Advertisement The Australian government forecast the nation’s first balanced annual budget in 15 years but warned Tuesday that economic pressures such as persistent inflation, elevated interest rates, rising unemployment, and slowing growth would sink the country into deeper debt. Treasurer Jim Chalmers announced that a surplus of 4.2 billion Australian dollars ($2.8 billion) was forecast … Read more