AIIB melding, not moulding global governance

Chinese President Xi Jinping poses for a group photo with delegates attending the signing ceremony for the Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB) in Beijing, China, 29 June 2015. (Photo: AAP).

Author: Grégoire-François Legault, University of Ottawa

Chinese financial diplomacy has reached its coming of age. This new era started when China first announced the introduction of the Asian Infrastructure Investment Bank (AIIB) in 2013. The bank should be operational by late 2015. Read more…

No surprises in store at APEC Philippines 2015

A man collects plastic bottles in front of stacked cargo containers at a pier in Manila on 28 May 2015. Development and trade will be high on the agenda at the upcoming APEC Economic Leaders’ Meeting in the Philippines from 18 November. (Photo: AAP).

Author: Gary Hawke, NZIER

Most of what APEC will achieve in 2015 has already been achieved. The Economic Leaders’ Meeting in the Philippines on 18–19 November 2015 will endorse what has already been agreed on. Leaders will talk — in various groupings — about whatever else interests them. Read more…

Will US Republicans torpedo the TPP?

US President Barack Obama meets with agriculture and business leaders on the benefits of the Trans-Pacific Partnership for American business and workers, at the Department of Agriculture in Washington, DC, USA, 06 October 2015. (Photo: AAP)

Author: Richard Katz, The Oriental Economist Report

In a surprising development, US congressional Republicans and a few of their business allies now pose the biggest threat to the Trans-Pacific Partnership (TPP). When an agreement was finally announced on 5 October, neither a single Republican leader in Congress, nor any broad business federation in the United States could be found to support it. Republican support for the TPP is indispensable since most congressional Democrats oppose it and former Secretary of State Hillary Clinton has just come out against it. Read more…

US presidential campaign mustn’t undermine Xi’s state visit

US Republican presidential candidate Senator Marco Rubio, who wrote an op'ed in the Wall Street Journal detailing his tough stance on China, speaks at a town hall Ohio, 21 August 2015. There tends to be a difference between campaign-trail rhetoric and the realities of political office. (Photo: AAP).

Author: Elizabeth Ingleson, United States Studies Centre

Another year of presidential campaigns, another round of China bashing. In the wake of China’s stock market crash in August 2015, Republican presidential candidates have turned their attention towards China. Citing China’s ‘active manipulation’ of its economy as contributing to its own ‘Black Monday’, candidate Scott Walker demanded US President Barack Obama cancel Chinese President Xi Jinping’s upcoming state visit. Read more…

The next step for the US-Japan alliance

Japan Ground Self Defense Forces' type 92 anti-landmine missile firing while 74 tanks stand by during an exercise at the Higashi-Fuji training ground in Gotemba, some 100 kilometres west of Tokyo. (Photo: AAP).

Author: Hitoshi Tanaka, JCIE

US-Japan relations gained momentum with Prime Minister Shinzo Abe’s US visit in late April. Abe’s historic speech to a joint sitting of the Congress was well received. The two countries also announced the first revision of the US-Japan Defense Cooperation Guidelines since 1997, based on the understanding that the Japan Self-Defense Force (SDF) will take on a larger role and US-Japan security cooperation will be expanded. Read more…

Strong export growth in Vietnam masks underlying challenges

Vietnam's export boom may be overshadowing some structural problems. (Photo: AAP).

Author: Suiwah Leung, ANU

Unlike many countries in Asia, and indeed in the world, Vietnam is for the moment blessed with a raft of positive economic news. But beneath the surface, structural problems and a lack of industrial deepening persist.  Read more…

China takes the lead on economic integration

A worker sits in the partial shade of a cement truck outside a construction site at the central business district of Beijing, China. (Photo: AAP).

Author: Andrew Elek, ANU

China’s One Belt, One Road initiative is currently the most important program for deep economic integration. The program envisages the revitalisation of old trading routes with a continental Silk Road Economic Belt and 21st century Maritime Silk Road. Despite its awkward name, the initiative is a well-conceived way for China to connect its economy to the rest of the world, with an early emphasis on links towards Europe through the rest of Asia. Read more…