Chinese companies have sharply accelerated investment in Southeast Asia in a bid to avoid American tariffs, with FDI into Vietnam up six-fold on the year. According to the Nikkei Asian Review, Chinese investment in Vietnam reached US$1.56 billion between the start of 2019 and 20 May. The January-April figure alone surpassed the 2018 total, indicating... View Article
The former head of Thailand’s military junta, Prayut Chan-o-cha has been selected as the country’s next prime minister, securing the military’s already tight grip on power after the first Thai election in eight years. The 65-year-old retired general, who was nominated by a military-backed coalition led by the Palang Pracharath party, had been expected to keep... View Article
Citing trade tensions, the International Monetary Fund (IMF) has cut China’s 2019 GDP growth forecast to 6.2 per cent from 6.3 per cent, merely two months after a raise of 0.1 per cent on the then-brightening prospects for a trade deal with the US. The downgrade came after the fund paid a visit to Beijing... View Article
China has issued a series of warnings about travel to the US as relations between Beijing and Washington continue to sour. According to Reuters, China’s Foreign Ministry said on Tuesday that Chinese companies and citizens in the US should be “aware of harassment from law enforcement agencies.” China’s Ministry of Culture and Tourism, meanwhile, stated... View Article
A white paper published by China on Sunday, in which it set out its version of events in the recently-stalled trade talks, has attracted fierce criticism from the US. According to the South China Morning Post, Beijing said in the white paper that the US “should bear the sole and entire responsibility” for the failure... View Article
China’s decision to give tax breaks to domestic high-tech manufacturers indicates how the ongoing US-China tensions are increasingly shifting from a trade war to a tech war. Beijing announced last week that it will give a five-year tax break to its home-grown semiconductor makers and software developers in a bid to bolster the industries as... View Article
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Going into his second term, there is optimism that incumbent Indonesian President Joko Widodo (Jokowi) will be less constrained in his pursuit of reform and development.
Almost three quarters of US companies operating in China are experiencing negative effects from the ongoing trade war, according to a new report by the American Chamber of Commerce in China and Shanghai (AmCham China). A survey of almost 250 US firms trading in China found that 74.9 per cent have experienced adverse impacts from... View Article
Singapore Foreign Minister Vivian Balakrishnan’s speech in Washington DC last week – in which he called for the US to accept China’s rise – highlights how US-China trade tensions are exerting pressure on smaller Asian economies. Speaking in the US capital last Wednesday, Minister Balakrishnan called for “constructive competition” between China and the US, and... View Article