Courtesy: Peter Craven/Wikipedia
A distinguished Chinese scholar, speaking at a BRICS forum in Moscow recently, ascribed the growing India-China trade deficit to India’s ban on iron exports. While this contention is partially true, the data does not validate this argument, and nor does his view account for the other reasons for the deficit
Courtesy: Wikipedia
The Trans-Pacific Partnership might soon be concluded if the U.S. Congress fast-tracks it, as recently announced, while the Regional Comprehensive Economic Partnership Agreement remains on slow-track. But the TPP, although ambitious, follows an outdated template, and it is the dynamic RCEP that can be a model for a new global rules-based framework
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While China will seek India’s cooperation on its ambitious ‘One Belt, One Road’ project during Prime Minister Modi’s visit this week, Indian policy makers must soon articulate a definite stand on this transnational corridor by bridging the country’s security concerns and the benefits of such an engagement with China.
Courtesy: Xinhua
With a massive, yet demanding middle class, the Chinese Communist Party needs a reliable source of cheap labor to continue to allow Chinese nationals to enjoy mass-produced daily products. step forward India, mass producer.
Courtesy: Xinhua
China’s Silk Road Economic Belt initiative will feature prominently on the agenda when Prime Minister Modi visits Beijing and Shanghai on 14 May. India can make a strong move to co-design the framework and details of this initiative – making it truly collaborative and win-win for all of Asia
Courtesy: Review Journal, Xinhua
Although Uber has a $41billion global valuation, over 99% of the taxi app market in China is controlled by local competitors offering personalised services, informal networks, and a familiarity with regulations that Uber cannot match. In such a scenario, can Uber live up to its valuation? And will local entities eventually also have an advantage in the crowd-sourced trucking and waterways sectors?
Courtesy: file photo/Xinhua, Wikipedia
The AIIB is a step along a path that started with the Asian financial crisis, which defined ASEAN’s views about the U.S.’s commitment to the region. Although the bank may signal the rise of China, it is also a coming together of Chinese and ASEAN goals—ASEAN’s focus on infrastructure for growth requires another source of finance, and this forecasts its strong relationship with the AIIB
Courtesy: U.S. State department/Flickr
With the EU, Iran, and other entities taking decisive steps on April 2 to ensure a non-nuclear Iran, President Obama must now counter interests in the U.S. that want to stymie the final agreement. But having come this far, and considering the comprehensive benefits of an agreement, all sides are sure to deliver
Courtesy: 一大抄/Wikipedia
The annual meeting of the National People’s Congress in Beijing in March covered wide and significant ground, including President Xi’s vision of deepening reform and law-based governance. The meeting also emphasised environmental protection and enforcement of IPR. But the outcome of these plans remains to be seen
Courtesy: file photo/Xinhua
The announcement that major European powers will join the AIIB as founding members means the bank is now clearly accepted as a tangible game changer in the multilateral financial architecture. The formidable intentions of AIIB and the new transnational corridors project are both a challenge and an opportunity for India