Regional tensions in the East China Sea have the potential to mushroom into a wider Asia Pacific conflict as the world press focuses on North Korea over the weekend. The alarm comes as North Korea celebrates 50 years since founding father Kim II Sung created the nation. Known nationally as ‘Day of the Sun’, celebrations traditionally... View Article

“If the UK is going to make the most of the freedoms it will have after leaving the European Union, we have to build trade links with the fast-growing economies of Asia” said UK Chancellor Philip Hammond at the International Fintech Conference held in London yesterday. Hammond’s remarks are yet another confirmation that the British Government is... View Article

Japanese PM Shinzō Abe’s economic and fiscal reforms have been successful in creating jobs and stimulating growth, according to a new report on the country published by the OECD today. Speaking in Tokyo at the launch of the OECD Economic Survey of Japan, OECD Secretary-General Angel Gurría said: “Abenomics has delivered faster economic growth and... View Article

The World Bank published its East Asia and Pacific Economic Update today. According to the report, the outlook for developing East Asia is expected to remain broadly positive in the next three years, driven by domestic demand and gradual recovery in the global economy and commodity prices. “Sound policies and a gradual pickup in global economic... View Article

The World Trade Organization (WTO) is forecasting that global trade will expand by 2.4 per cent in 2017 and between 2.1 per cent and 4 per cent in 2018, after a weak 1.3 per cent in 2016. However, unpredictable directions in near-term economic and policy developments could have negative influence. Lack of clarity about government... View Article

In early April, the Central Committee of the Communist Party of China and the State Council announced their plan to build a new city 100km southwest of Beijing, Xiongan New Area. The aim is to build another high-tech but environmentally friendly hub as part of the Beijing-Tianjin-Hebei region. The new area will be of the... View Article

Christian Leffler, Deputy Secretary-General for Economic and Global Issues at the European External Action Service (EEAS), met ASEAN Secretary-General Le Luong Minh today in Jakarta to discuss the future of the EU-ASEAN partnership. Leffler’s visit comes one month after EU Commissioner for Trade, Cecilia Malmström, and ASEAN representatives agreed to take new steps towards free trade... View Article

Federica Mogherini, High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission, will travel to China and India after Easter. In China, the High Representative will participate at the 7th EU-China Strategic Dialogue with State Councillor Yang Jiechi to take forward the bilateral relationship in view of the upcoming 19th EU-China Summit in... View Article

Allies stepped up the pressure on Pyongyang on Wednesday as Japanese warships bolstered the US military flotilla off the Korean peninsula. The move came as Chinese leader Xi Jinping called US President Trump on Tuesday to declare China is “committed to the goal of denuclearisation on the Korean peninsula… through peaceful means“, after Trump had... View Article

Tokyo electronics manufacturer Toshiba is poised to delist and enter administration after the company failed to post accounts for Q3, on the back of ‎¥532bn loss in 2016. The Japanese giant’s woes follow the Chapter 11 filing of US subsidiary Westinghouse in March, after the nuclear manufacturer faltered following the Fukishima reactor disaster in 2011.... View Article