Driving commercial and political engagement between Asia, the Middle East and Europe
Driving commercial and political engagement between Asia, the Middle East and Europe
As the use of RMB in international trade settlement reaches this major milestone, in her latest report Phyllis Papadavid, Senior Research Advisor, highlights a range of significant developments in the use of the Chinese currency, and their implications.
Following the release of new draft regulations on data transfer by the Cyberspace Administration of China, Zhouchen Mao, Head of Research and Advisor, takes stock of the new rules and implications.
The race is on: Southeast Asia’s largest economy is going to polls this February. With current Indonesian President Joko Widodo constitutionally barred from running a third term, businesses are closely watching the presidential race for insights into the country’s future economic trajectory.
Key issues on the radar include the candidates’ approach to infrastructure projects and investment incentives. Additionally, the candidates’ stances on foreign policy and strategies for energy transition are of paramount interest to both domestic and international business communities.
The renminbi’s (RMB) share of global trade finance is likely to continue to grow, notwithstanding the uncertainties in China’s growth outlook. Previous Asia House research highlighted macroeconomic and digital tipping points that could drive RMB internationalisation particularly in trade finance. The RMB share of global trade finance has now overtaken the euro’s share. RMB now accounts for nearly 6 per cent of trade settlement, a near-tripling from September 2020. It has now overtaken the euro share of 5.3 per cent.
ASEAN and the GCC have formally met at the highest level for the first time in a move which underlines the growth in regionalism within the global economy, but also the growing desire among middle income countries to diversify economic relations, particularly to reduce dependency on Western markets.
Niclas Kvarnström, the newly appointed Managing Director for Asia and the Pacific at the European External Action Service (EEAS), will brief Asia House Corporate Members on the European Union’s diplomatic and strategic approach to Asia at an off-the-record digital briefing on Tuesday, 16 January.
Kurt Vandenberghe, Director-General of DG CLIMA, European Commission, will brief Asia House Corporate Members on the EU’s sustainability and climate change agenda, at an off-the-record digital briefing on Tuesday, 12 March.
Minister of State (Indo-Pacific) at the Foreign, Commonwealth & Development Office (FCDO), The Rt Hon Anne-Marie Trevelyan, returns to Asia House to brief Corporate Members on the UK’s economic strategy on furthering its national interests and long-term security in the Indo-Pacific.
Collaboration and a unified approach across the UK government was central to an Asia House Corporate Members briefing with The Rt Hon Anne-Marie Trevelyan MP, Minister of State (Indo-Pacific) at the Foreign, Commonwealth and Development Office (FCDO), on Monday, 27 November.
Lewis Neal, the newly appointed His Majesty’s Trade Commissioner (HMTC) for China and Hong Kong provided Asia House Corporate Members with the latest updates on UK-China trade relations at an off-the-record digital briefing on Wednesday, 22 November
Asia House Fellow for 2022-23 Aarthi Raghavan presented her research on Asia’s Digital Health Innovations: The role of cross-border health data sharing at an Asia House digital research briefing on Tuesday, 31 October.