Is China a market economy?

China anti-dumping case

Authors: Gary Clyde Hufbauer and Cathleen Cimino-Isaacs, PIIE

There’s a potential mega-battle brewing over trade rules and the provision of market economy status for China that could reach the World Trade Organization (WTO) in 2016.

Whether particular countries grant China market economy status has important implications for the adjudication of anti-dumping cases. Read more…

Down to the wire on the Trans-Pacific Partnership

US Trade Representative Michael Froman shakes hands with his Japanese counterpart Akira Amari prior to their talks over deadlocked Trans-Pacific Partnership (TPP) negotiations, at Amari's office in Tokyo on 19 April 2015. (Photo: AAP)

Author: Peter Drysdale, East Asia Forum

Officials and ministers from around the Pacific are descending on Hawaii this week for what should be the final round in the negotiation of the terms of the Trans-Pacific Partnership (TPP). The big two in the arrangement — Japan and the United States — appear to have settled, and this bilateral between the two largest parties to the negotiation will be by far its most significant outcome. But there is still uncertainty about whether the agreement will be put to bed within the week and what its shape will finally be. Read more…

China takes its Eurasian moment

China's President Xi Jinping (L) and Kyrgyzstan's President Almazbek Atambayev (R) inspect a honor guard during a welcoming ceremony at Manas airport in Bishkek, Kyrgyzstan, 10 September 2013. (Photo: AAP)

Author: Michael Clarke, ANU

When the Obama administration unveiled its New Silk Road Initiative in October 2011, officials asserted that it was about re-embedding Afghanistan firmly into the economic life of Central Asia through the provision of US assistance to develop infrastructural links between the country and its neighbours to both the north and south. This, it was argued, would assist in ‘removing the bureaucratic barriers and other impediments to the free flow of goods and people’. Read more…

The politics of Asian integration

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Author: Seungjoo Lee, Chung-Ang University

Economic integration has steadily increased in East Asia. But the region still suffers from what South Korean President Park Geun-hye calls ‘Asia’s paradox’, the disconnect between economic interdependence and backward political and security cooperation. Any further economic integration will likely reflect political power shifts in the region. Read more…

Who sets the rules of the game in Asia?

A thousand workers are shown stitching uppers for Nike shoes, July 26, 1997, at the Korean-owned Tae Kwang Vina factory, in Ho Chi Minh City, Vietnam. One floor below 2000 workers are doing the same. The Factory employs 8,750 workers. For the past three years, pressure has typified the Asian factories that churn out Nike shoes and clothes, which has led to abuse in some cases. Nike company officials say the Nike-aligned factories offer respectable wages, where working conditions have improved and abuses are relatively few. (Photo: AAP)

Author: Sri Mulyani Indrawati, World Bank Group

It is now a commonplace to refer to the 21st century as the Asian Century. With the world economy struggling to recover from the global financial crisis, the Asia Pacific region, and especially its developing countries, has provided much of the impetus for global growth. Read more…

The importance of reliable resource markets to Australian and Asian security

Australian Prime Minister Tony Abbott and Japanese Prime Minister Shinzo Abe during a tour of an iron ore mine in the Pilbara, West Australia, 9 July 2014. (Photo:AAP).

Author: Peter Drysdale, East Asia Forum

Recent talk that would encourage government messing with Australian iron ore markets sits awkwardly in the context of the core strategic importance of raw materials in Australia’s economic relationships with Asia, both sides round. Read more…

Supporters of an Australian iron cartel have a monopoly on bad economics

Grab buckets unload imported iron ore on a quay at the Port of Rizhao in east China's Shandong province, 7 February 2015. (Photo: AAP).

Author: Luke Hurst, ANU

As Australia moves away from a decade of resource-driven prosperity, it is even more important that it avoid mistakes that previously might have been papered over by the boom times. Yet there are loud voices calling for the mistakes of the past to be made again. One of the loudest is that of Australian mining company Fortescue’s non-executive chairman, Andrew ‘Twiggy’ Forrest. Read more…