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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 "Pakistan"

Friday Asia Update: Top Five Stories for the Week of August 28, 2015

by Guest Blogger for Elizabeth C. Economy
china-stock-plunge An investor looks at an electronic board showing stock information of Shanghai Stock Exchange Composite Index at a brokerage house in Beijing, August 26, 2015. Asian shares struggled on Wednesday as investors feared fresh rate cuts in China would not be enough to stabilize its slowing economy or halt a stock collapse that is wreaking havoc in global markets. (Jason Lee/Reuters)

Ashlyn Anderson, Rachel Brown, Lincoln Davidson, Lauren Dickey, Ayumi Teraoka, and Gabriel Walker look at the top stories in Asia this week.

1. China’s stock plunge. Chinese stocks plunged this week, with the Shanghai Composite Index falling 22 percent between August 19 and August 24. The market’s drop on what was deemed “Black Monday” erased the gains made over the past year. Until June, the Shanghai Composite Index had risen nearly 150 percent in one year and state media had assured that this was just the start of a bull market. The Chinese market’s tumble rattled stock markets around the world. Read more »

Pakistan: You Have One Job

by Alyssa Ayres
Hafiz Saeed (C), head of the Jamaat-ud-Dawa organisation and founder of Lashkar-e-Taiba, waves to his supporters as he leads the rally to mark Pakistan Day (Resolution Day) in Islamabad March 23, 2014. (Mohsin Raza/Courtesy Reuters) Hafiz Saeed (C), head of the Jamaat-ud-Dawa organisation and founder of Lashkar-e-Taiba, waves to his supporters as he leads the rally to mark Pakistan Day (Resolution Day) in Islamabad March 23, 2014. (Mohsin Raza/Courtesy Reuters)

Over the weekend, Pakistan’s national security advisor, Sartaj Aziz, called off planned talks with India’s national security advisor after a series of public disagreements escalated to the point of no return. Islamabad and New Delhi failed to agree on the scope of the agenda, despite a clear joint statement issued by Prime Ministers Nawaz Sharif and Narendra Modi during their meeting last month in Ufa, Russia, which had set the parameters for India-Pakistan dialogue in coming months. Most press accounts indicate that Pakistan sought to expand the NSAs’ agenda from the single subject of “terrorism” agreed upon at Ufa to include discussion of Kashmir. Compounding things, India reiterated its redline, developed by the Modi government last summer, against Pakistani officials meeting with separatists from Jammu and Kashmir on the margins of Indo-Pak talks. The Pakistani High Commission in New Delhi invited Kashmiri separatists to a reception, so between the redline and the soiree invite grew an impasse. Read more »

Friday Asia Update: Top Five Stories for the Week of August 7, 2015

by Guest Blogger for Elizabeth C. Economy
A customer shops at an Alibaba rural service center in Zhejiang province, China, July 20, 2015. While Chinese e-commerce company Alibaba estimates the potential rural market for online shopping at 460 billion yuan ($74 billion) by next year, new regulations on Internet payment tools may limit that. (Reuters/Aly Song) A customer shops at an Alibaba rural service center in Zhejiang province, China, July 20, 2015. While Chinese e-commerce company Alibaba estimates the potential rural market for online shopping at 460 billion yuan ($74 billion) by next year, new regulations on Internet payment tools may limit that. (Reuters/Aly Song)

Rachel Brown, Lincoln Davidson, William Piekos,  Ariella Rotenberg, Ayumi Teraoka, and Gabriel Walker look at the top stories in Asia today.

1. China to embed Ministry of Public Security units in Internet companies. Cybersecurity police units will soon be posted within major Internet companies in China, in order to more quickly and effectively prevent criminal activities such as fraud, online theft, and rumormongering. The move is especially direct for a government that largely expects companies to comply with censorship regulations and already employs millions of microblog monitors. Read more »

Friday Asia Update: Top Five Stories for the Week of July 10, 2015

by Guest Blogger for Elizabeth C. Economy
An investor looks at information displayed on an electronic screen at a brokerage house in Shanghai, China, June 30, 2015. China stocks ended Tuesday sharply higher, reversing a tumble in morning trade, as a slew of government measures to stem a two-week-long market tumble appeared to win back some investor confidence (Aly Song/Reuters). An investor looks at information displayed on an electronic screen at a brokerage house in Shanghai, China, June 30, 2015. China stocks ended Tuesday sharply higher, reversing a tumble in morning trade, as a slew of government measures to stem a two-week-long market tumble appeared to win back some investor confidence (Aly Song/Reuters).

Ashlyn Anderson, Lincoln Davidson, Lauren Dickey, William Piekos, and Ariella Rotenberg look at the top stories in Asia today.

1. Chinese government steps in to stop stock market slide. Authorities, who have spent the first half of the year crowing about high growth rates, launched a number of emergency measures aimed at slowing the market tumble. The People’s Bank of China announced this week that it would be helping the country’s margin trading service provider stabilize the market by buying more shares of small and medium enterprises. State-owned enterprises were ordered to not sell any of their stock, and corporate shareholders with stakes of more than 5 percent were banned from selling for six months. Read more »

Friday Asia Update: Top Five Stories for the Week of June 26, 2015

by Guest Blogger for Elizabeth C. Economy
U.S. Treasury Secretary Jack Lew (L-R), Secretary of State John Kerry, China's State Councillor Yang Jiechi and Vice Premier Wang Yang arrive to deliver joint statements at the Great Hall of the People in Beijing July 10, 2014. The leaders were concluding the sixth round of U.S.-China Strategic and Economic Dialogue. REUTERS/Jim Bourg (CHINA - Tags: POLITICS) U.S. Treasury Secretary Jack Lew (L-R), Secretary of State John Kerry, China's State Councillor Yang Jiechi and Vice Premier Wang Yang arrive to deliver joint statements at the Great Hall of the People in Beijing July 10, 2014 (Jim Bourg/Reuters).

Ashlyn Anderson, Lincoln Davidson, Lauren Dickey, Darcie Draudt, William Piekos, and Ariella Rotenberg look at the top stories in Asia today.

1. U.S. and China meet in Washington, DC, for annual Strategic and Economic Dialogue (S&ED). The talks, coming at a time of high tension between the two countries, managed to steer clear of acrimonious charges. The U.S. State Department highlighted 127 issues the two sides agreed upon at the S&ED, but agreements on China’s actions in the South China Sea and conflicting accusations of harmful activity in cyberspace were conspicuously absent. While both sides vowed to continue discussing a potential bilateral investment treaty, little was achieved on the economic side beyond platitudes about the importance of the US$590 billion of annual trade between the two countries. Read more »

Friday Asia Update: Top Five Stories for the Week of March 20, 2015

by Guest Blogger for Elizabeth C. Economy
U.S. Assistant Secretary of State for East Asian and Pacific Affairs Daniel Russel talks with South Korea's first Vice Foreign Minister Cho Tae-Yong (R) during their meeting at the Foreign Ministry in Seoul on March 17, 2015 (Courtesy: Reuters). U.S. Assistant Secretary of State for East Asian and Pacific Affairs Daniel Russel talks with South Korea's first Vice Foreign Minister Cho Tae-Yong (R) during their meeting at the Foreign Ministry in Seoul on March 17, 2015 (Courtesy: Reuters).

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, William Piekos, and Ariella Rotenberg look at the top stories in Asia today.

1. South Korea warns China against interfering amid missile defense debate. On Tuesday a South Korean Ministry of Defense spokesperson asked Beijing to not interfere in its defense policy, an unusual request with an increasingly close regional partner. Washington has been asking Seoul to deploy a ballistic missile defense system, Terminal High-Altitude Area Defense (THAAD), to South Korea. Read more »

The Top Ten Stories in South Asia, 2014

by Alyssa Ayres
Photo credit: Alyssa Ayres Photo credit: Alyssa Ayres

It was a busy news year in South Asia, with events that will have far-reaching consequences for the region. Between India’s historic election, a hard-won unity government in Afghanistan, and ongoing political turmoil in Pakistan combined with shocking terrorist attacks, South Asia made the front pages around the world for many different reasons. Like last year, I’ve tried to sift through the year’s developments and assess which will have lasting effects on the countries in the region and beyond. Herewith my personal selection of 2014’s most consequential stories in South Asia: Read more »

Friday Asia Update: Top Five Stories for the Week of December 19, 2014

by Guest Blogger for Elizabeth C. Economy
A child stands behind candles, lit for the victims of the attack by Taliban gunmen on the Army Public School in Peshawar on December 19, 2014 (Ahktar Soomro/Courtesy: Reuters). A child stands behind candles, lit for the victims of the attack by Taliban gunmen on the Army Public School in Peshawar on December 19, 2014 (Ahktar Soomro/Courtesy: Reuters).

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, William Piekos, Ariella Rotenberg, and Sharone Tobias look at the top stories in Asia today.

1. Pakistan engulfed in anger and grief after the Taliban kills 132 schoolchildren and sixteen teachers. Members of the Pakistani Taliban attacked a military school in Peshawar, killing 132 schoolchildren and 16 teachers, many of them shot at point-blank range and some burned alive. The Taliban claimed that the attack was to avenge Pakistani military operations in the northwest Taliban haven of North Waziristan. Read more »

Bangladesh: Capitalist Haven

by Alyssa Ayres
Dhaka, April 2014. Photo by Sharada Prasad CS licensed under CC BY 2.0 / Cropped from original. Dhaka, April 2014. Photo by Sharada Prasad CS licensed under CC BY 2.0 / Cropped from original.

Earlier this month, the Pew Research Center released the second of two major reports detailing findings from a global public opinion survey on economic issues conducted last spring in forty-four countries. Read together, the two reports reveal something you might not have guessed: Bangladesh is among the countries most supportive of the free market, and certainly the most free-market, trade-oriented country surveyed in South Asia. At least as far as public opinion is concerned, the People’s Republic of Bangladesh is a capitalist haven. Read more »

South Asia’s Peace Heroes

by Alyssa Ayres
Combination picture of this year's Nobel Peace Prize winners, Indian children's right activist, Kailash Satyarthi, (L) at his office in New Delhi on October 10, 2014, and Pakistani schoolgirl activist, Malala Yousafzai, at the United Nations in the Manhattan borough of New York in a file picture taken on August 18, 2014 (Courtesy: Reuters). Combination picture of this year's Nobel Peace Prize winners, Indian children's right activist, Kailash Satyarthi, (L) at his office in New Delhi on October 10, 2014, and Pakistani schoolgirl activist, Malala Yousafzai, at the United Nations in the Manhattan borough of New York in a file picture taken on August 18, 2014 (Courtesy: Reuters).

What a day for South Asia. The Norwegian Nobel Committee has awarded this year’s Peace Prize to Pakistan’s Malala Yousufzai and India’s Kailash Satyarthi, both passionate advocates for children’s rights. The Nobel Committee’s decisions highlight a focus on the role of social advocacy and social impact on poverty, children’s education, and empowerment of women and girls in South Asia. Malala Yousufzai is recognized around the world for standing up to the Taliban, who shot her in the face for her outspoken support of girls’ education; Kailash Satyarthi is known in India for his decades-long dedication to ending child labor. Read more »