No joy from Asian growth without supply-side reform

A Myanmar worker leans on a pile of cement bags on a boat near a jetty of Yangon river on 17 December 2014. Realising Asia’s growth potential requires ambition and the will within Asian polities to undertake the next round of reforms. (Photo: AAP).

Author: Peter Drysdale, ANU

The global economic outlook may be grim but it would be grimmer still but for Asian economic growth. There’s no dynamic growth pole anywhere else in the world and global uncertainties have increased around the rise of Donald Trump in North America and Brexit in Europe. Read more…

Asia’s next growth frontier

A crane vehicle stacks up containers at the Port of Rizhao in Rizhao city, east China's Shandong province, 28 February 2016. Lifting Asian growth will require a deepening of regional economic integration and cooperative commitment to the reforms. (Photo: AAP).

Author: Peter Drysdale, ANU

The steady state in the Asian region is growth and dynamism that requires continuous structural change and adjustment. The trajectory of China’s potential rate of growth is certainly 2 or 3 percentage points lower than it was a decade ago, but even at around 6 per cent over the coming decade the massive Chinese economy can still grow at two to three times the rate of the world economy as a whole. Read more…

Capturing the benefits of Chinese investment

Pedestrians walk down a footbridge in front of a branch of State Grid Corporation of China in Yichang city  on 14 May 2015. State Grid lost a bid to lease TransGrid, a electricity network in Australia. This investment is now under scrutiny as part of an inquiry by the Australian Senate into Australia’s foreign investment review framework. (Photo: AAP).

Authors: Peter Drysdale and Neil Thomas, ANU

Chinese investment has increased from virtually zero to becoming Australia’s fifth-largest source of foreign direct investment over the past decade. Chinese investment has grown with the spectacular rise of the Chinese economy, and is just the latest wave of Asian foreign investment to chase commercial opportunities in Australia, Read more…

The new geo-politics in Asia…and farewell

Chinese President Xi Jinping steps out from behind China's flag as he takes his position for his joint news conference with President Barack Obama on 25 September 2015. (Photo: AAP).

Author: Peter Drysdale, East Asia Forum

Many are trying to get their minds around what the huge change in the contours of regional power mean for the stability of the political order in Asia today. Are we doomed to inevitable conflict between the established powers, the United States in particular, and the emerging powers, notably China, as they jostle for political space? Read more…

Get used to living with Chinese economic tremors

A concerned Chinese investor looks at a screen displaying prices of shares at a stock brokerage house in Hangzhou city, Zhejiang province on 11 January 2016. Red indicates the price is rising, green that it is falling. (Photo: AAP).

Author: Peter Drysdale, East Asia Forum

The economic tremors that accompanied the New Year falls in the Chinese stock market have spooked markets and policymakers around the world. Get used to it. Read more…

Taiwan’s political choice

Supporters of Taiwan's Democratic Progressive Party presidential candidate Tsai Ing-wen cheer as she speaks during a large campaign rally in Kaohsiung, Taiwan on 9 January 2016. Taiwan will hold its presidential election on 16 January. (Photo: AAP).

Author: Peter Drysdale, East Asia Forum

On Sunday, Taiwan will elect its next president, the successor to President Ma Ying-jeou from the Kuomintang (KMT) party who has been in power for the past eight years and is ineligible to run for another term. The vote will almost certainly record a decisive choice for political change. Read more…

ASEAN at court in Sunnylands

US President Barack Obama shakes hands with Brunei's Sultan Hassanal Bolkiah, while Malaysian Prime Minister Najib Razak, Vietnam's Prime Minister Nguyen Tan Dung and Russian Prime Minister Dmitry Medvedev look on during the 27th ASEAN Summit in Kuala Lumpur, Malaysia on 22 November 2015. (Photo: AAP).

Author: Peter Drysdale, East Asia Forum

At the ASEAN Summit in Kuala Lumpur, in November, President Obama reached out to elevate the United States–ASEAN relationship to a ‘strategic partnership’ and invited ASEAN Leaders to a summit that, it’s now been announced, will take place at Sunnylands in Rancho Mirage, California on 15–16 February. This is a bold initiative of possible geopolitical consequence. Read more…