Japan’s reputation for quality infrastructure is well-known in Asia, where Tokyo is hitting back at Beijing’s efforts at economic hegemony.
With Beijing holding the majority of AIIB’s voting rights, the bank is seen by analysts as a deliberate effort to pull Asian countries closer into China’s orbit.
Despite U.S. objections and concerns, China’s $100 billion initiative seems determined in its quest for respectability and prominence.
The rise of multi-vector foreign policies and competing economic integration visions throughout Asia will force the U.S to up its own economic game.
Global economic interdependency and states’ pursuit of self-interest in today’s multi-polar world combine to undermine U.S. efforts at primacy.
In the sixth and final installment of the virtual roundtable, Marc Chandler discusses China’s economic growth prospects in the current transitional period.
By seeking to improve ties with both China and Russia, the Philippines aims to enhance its bargaining position with the U.S.
China’s assertive attitude towards its neighbors and America’s role in East Asia has slowly morphed since last autumn’s final round of provocative acts into something less strident.
Given the amount of money already committed to supporting Afghanistan’s development, the effects of increased spending in Central Asia would be limited. Rather, the U.S. should withdraw from the region, leaving China and Russia to battle over influence.
China watchers around the world are alarmed at the significant fall in Chinese stock markets. But Beijing may have a few tricks up its sleeve.
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