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Asia Unbound

CFR experts give their take on the cutting-edge issues emerging in Asia today.

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Showing posts for "Economics"

Park’s Impeachment, Duterte’s Drug War in Photos, and More

by Guest Blogger for Elizabeth C. Economy
park-impeachment-protest People react after an impeachment vote on South Korean President Park Geun-hye was passed, in front of the National Assembly in Seoul, South Korea. (News1 via Reuters)

Rachel Brown, Sherry Cho, Gabriella Meltzer, David O’Connor, and Gabriel Walker look at five stories from Asia this week.

1. South Korea’s National Assembly votes to impeach Park Geun-hye. On Friday, South Korea’s 300-member National Assembly voted 234 to 56 to impeach President Park Geun-hye. The decisive vote, for which many members of Park’s own Saenuri party joined opposition and independent assembly-members in a secret ballot to vote for her impeachment, follows months of escalating scandal centered on charges of influence-peddling. Read more »

Trump’s Asia, Delhi’s Smog, Park’s New PM, and More

by Guest Blogger for Elizabeth C. Economy
A member of student activist group, League of Filipino Students, displays an image of U.S. President-elect Donald Trump as he chants anti-U.S. slogans during a rally outside the U.S. embassy in Manila, Philippines, on November 10, 2016. (Erik De Castro/Reuters) A member of student activist group, League of Filipino Students, displays an image of U.S. President-elect Donald Trump as he chants anti-U.S. slogans during a rally outside the U.S. embassy in Manila, Philippines, on November 10, 2016. (Erik De Castro/Reuters)

Rachel Brown, Sherry Cho, Gabriella Meltzer, and Gabriel Walker look at five stories from Asia this week.

1. Asia braces for Trump. On Tuesday night, as results from the U.S. general election poured in from polling places across America, Asian markets reeled at the prospect of a Trump presidency. By Thursday, U.S. markets stabilized and Asian markets had bounced back. But what will a Trump in the White House mean for Asia in the coming four years? At this point, even experts’ best guesses are still uncertain. Read more »

Friday Asia Update: Five Stories From the Week of October 7, 2016

by Guest Blogger for Elizabeth C. Economy
joshua-wong-thai-expulsion Pro-democracy activist Joshua Wong shows a notice of expulsion offered by Thai immigration besides Demosisto Chairman Nathan Law (L), after Wong arrived at Hong Kong Airport in Hong Kong, October 5, 2016. (Bobby Yip/Reuters)

Rachel Brown, Lincoln Davidson, Gabriella Meltzer, David O’Connor, and Gabriel Walker look at five stories from Asia this week.

1. Thailand detains Hong Kong democracy activist. Thai authorities detained Occupy Central organizer Joshua Wong for twelve hours earlier this week and denied him entry to the country. Wong, who is nineteen, was visiting Thailand to address students in Bangkok. Following his return to Hong Kong, Wong claimed that the Thai government had detained him because it had been directed to do so by the Chinese government. Read more »

Four Ways to Unilaterally Sanction North Korea

by Scott A. Snyder
Trucks move across the bridge linking North Korea with the Chinese border city of Dandong in this March 3, 2016 file photo. China on Tuesday, April 5, 2016, banned imports of gold and rare earths from North Korea as well as exports to the country of jet fuel and other oil products used to make rocket fuel, a move in line with new United Nations sanctions on Pyongyang. (REUTERS/Megha Rajagopalan) Trucks move across the bridge linking North Korea with the Chinese border city of Dandong in this March 3, 2016 file photo. China on Tuesday, April 5, 2016, banned imports of gold and rare earths from North Korea as well as exports to the country of jet fuel and other oil products used to make rocket fuel, a move in line with new United Nations sanctions on Pyongyang. (REUTERS/Megha Rajagopalan)

It has been almost three weeks since North Korea conducted its fifth nuclear test, but China and the United States have not yet reached agreement on the text of a new UN Security Council resolution condemning the country. Read more »

Friday Asia Update: Five Stories From the Week of September 23, 2016

by Guest Blogger for Elizabeth C. Economy
indonesia-forest-fire A resident tries to put out a bush fire with a tree branch in Pekanbaru, Riau, Sumatra island, Indonesia, August 23, 2016. (Rony Muharrman/Antara Foto/Reuters)

Rachel Brown, Sherry Cho, Lincoln Davidson, Samir Kumar, Gabriella Meltzer, and David O’Connor look at five stories from Asia this week.

1. Deadly forest fires exact major toll on Southeast Asia. A study published this week in Environmental Research Letters by public health and atmospheric modeling experts at Harvard University and Columbia University reveals the severe public-health ramifications of forest fires that engulfed Indonesia in 2015. The researchers estimated that fires deliberately set to clear land for agricultural purposes caused the premature deaths of 91,600 people in Indonesia, and 6,500 and 2,200 deaths in Malaysia and Singapore, respectively. Read more »

Will Aung San Suu Kyi’s Visit Spark U.S. Investment in Myanmar?

by Joshua Kurlantzick
National League for Democracy (NLD) party leader Aung San Suu Kyi arrives at Union Parliament in Naypyitaw, Myanmar March 15, 2016. REUTERS/Soe Zeya Tun National League for Democracy (NLD) party leader Aung San Suu Kyi arrives at Union Parliament in Naypyitaw, Myanmar on March 15, 2016. (Soe Zeya Tun/Reuters)

Later this week, State Counselor Aung San Suu Kyi will visit Washington, as part of a broader trip to the United States that will include addressing the United Nations General Assembly. In addition to meeting President Obama, Vice President Biden, and several senators and congresspeople, Suu Kyi reportedly will appear at a dinner hosted by the U.S. Chamber of Commerce and the U.S.-ASEAN Business Council. There, she plans to outline Naypyidaw’s economic strategies, and likely make a pitch to potential U.S. investors in sectors ranging from mining to telecommunications. Read more »

At China’s G20, G Stands For Green

by Guest Blogger for Elizabeth C. Economy
G20-finance-meeting-flowers G20 finance ministers and central bank governors pose for a group photo during a conference held in Chengdu in southwestern China’s Sichuan province, July 24, 2016. (Ng Han Guan/Reuters)

Gabriel Walker is a research associate for Asia Studies at the Council on Foreign Relations. This is the second part of a series on China’s role in international development. Read the first part here.

One month from today, leaders and policymakers from the world’s largest economies will be rubbing shoulders in Hangzhou for the eleventh annual Group of Twenty (G20) summit. For China, which presides over the group in 2016, the event is the culmination of nine months of diplomatic hard work to realize broad goals like “breaking a new path for growth” and fostering “inclusive and interconnected development.” Read more »

The Rise of Modern State Capitalism

by Joshua Kurlantzick
gazprom Gazprom Chief Executive Officer Alexei Miller attends an annual general meeting of the company's shareholders in Moscow, Russia, on June 30, 2016. (Maxim Shemetov/Reuters)

China’s state-owned enterprises have received the most coverage of any such companies around the world, but they are hardly alone. In fact, although China has been the focus of nearly all discussion of the trend in the West, it is only one player in a new era of state capitalism born over the past decade. Throughout the developing world, many governments are increasing their intervention in their economies. Read more »

Friday Asia Update: Five Stories From the Week of July 8, 2016

by Guest Blogger for Elizabeth C. Economy
Dhaka-ceremony People attend a candle light vigil for the victims of the attack on the Holey Artisan Bakery and the O'Kitchen Restaurant, in Dhaka, Bangladesh, July 3, 2016. (Adnan Abidi/Reuters)

Rachel Brown, Lincoln Davidson, Bochen Han, Gabriella Meltzer, and Gabriel Walker look at five stories from Asia this week.

1. Dhaka attacks designed to “reverberate globally.” Bangladesh is still reeling from last Friday when at least five Bangladeshi men stormed the Holey Artisan Bakery in Dhaka’s affluent Gulshan neighborhood and unleashed horror within. Read more »

Podcast: China’s Offensive in Europe

by Elizabeth C. Economy
ChemChina-Syngenta-deal Ren Jianxin, Chairman of China National Chemical Corp shakes hands with Swiss agrochemicals maker Syngenta's President Michel Demare (R) after the company's annual news conference in Basel, Switzerland, February 3, 2016. That day, China made its boldest overseas takeover move yet when state-owned ChemChina agreed a $43 billion bid for Swiss seeds and pesticides group Syngenta. (Arnd Wiegmann/Reuters)

In this week’s Asia Unbound podcast I speak with Philippe Le Corre, visiting fellow at the Brookings Institution, about his new book with Alain Sepulchre, China’s Offensive in Europe. Le Corre is a keen observer of the inroads that Chinese companies are making into the European continent through widespread merger and acquisitions of European firms. He describes Beijing’s push for Chinese companies not only to diversify their international holdings—as in the case of the state-owned enterprise ChemChina purchasing Pirelli, a well-known Italian tire-maker—but also to establish global brands of their own. In some cases, like that of the German manufacturer Putzmeister, flagging European companies acquired by Chinese ones can enjoy a new life by gaining greater access to the Chinese market. Read more »