China spent much of 2014 seeking to revive a concept that Japan proclaimed seven decades ago, when it was an imperial power seeking to impose its will on the region: “Asia for the Asians.” But that effort may not end as badly for China as it did for Japan.
The Chinese remember something that has been mostly forgotten by other nations. Namely, that is only these last 150 years that the country has had the status of what we would call today a ‘developing’ or ‘emerging’ country. Therefore, from the point of view of both the government and its simplest citizens, the country is simply regaining its previous status of one of the world’s largest – if not the largest – economy and the world’s largest exporter.
Why is (the Korean peninsula and East) Asia unable to capitalize (on) its successes
Speculations over the alleged bipolar world of tomorrow (the so-called G-2, China vs. the US), should not be an Asian dilemma. It is primarily a concern of the West that, after all, overheated China in the first place with its (outsourced business) investments. Hence, despite a distortive noise about the possible future G-2 world, the central security problem of Asia remains the same: an absence of any pan-continental multilateral setting on the world’s largest continent. The Korean peninsula like no other Asian theater pays a huge prize because of it.
Despite stresses in the global economy, China will avoid any sharp drop in growth, Premier Li Keqiang of China told more than 2,000 business, government and civil society leaders from over 90 countries participating in the opening session of the eighth World Economic Forum Annual Meeting of the New Champions.
The global economy has been performing moderately well, but the pace of expansion in the first half of 2014 has been surprisingly weak, panellists concluded at a session on the global economy on the first day of the eighth Annual Meeting of the New Champions in Tianjin, China, on 10-12 September.
In spite of East Asia’s rising tensions, not a few pundits have said they are optimistic about China’s future relationship with her neighbours, and with the United States. Yet there are competing reasons to worry, not just about the so-called “China threat” but also the way conflicts are being handled by the region’s political leaders.
The 10-nation Association of South-east Asian Nations (ASEAN) still doesn’t figure high on Europe’s foreign policy agenda, yet the EU’s chances of stronger political, business and security profile in Asia rest on forging stronger relations with it. This means EU governments must have a clearer understanding of ASEAN and its many little-noticed achievements.
Twenty years ago, Russia was a mess – no longer an enemy, not even an adversary and certainly not a partner. What was feared most was a collapse that might turn Russia into something resembling the former Yugoslavia, all pire. “I don’t like it when the U.S. flaunts its superiority,” complained Russia’s then president Boris Yeltsin, who insisted, “Russia isn’t Haiti…Russia will rise again.”