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What is the Indo-Pacific framework, who’s in it, why it matters

U.S. President Joe BidenThe Indo-Pacific Economic Framework or IPEF was officially presented to Washington this week on his Asia-Pacific tour.  Five years later, it is U.S. unilaterally withdrewTrans-Pacific Partnership: A trade agreement between 12 countries from Asia-Pacific, North America, and South America. With the U.S. withdrawal, the remaining countries went on to launch the CPTPP, […]

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Force a ‘last resort’ for China on Taiwan reunification, former PLA official says

BEIJING — The central Chinese government in Beijing would only use force as the “last resort” for Taiwan reunification, said a retired officer of the People’s Liberation Army. Zhou Bo (now a senior fellow at Tsinghua University’s Center for International Strategy and Security Studies) stated that “the Chinese PLA is growing stronger and more powerful, […]

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In Asia, economy and security can’t be separated

The Quad Leaders Summit will be held in Tokyo, Japan on May 24, and is attended by the Australian Prime Minister Anthony Albanese as well as Joe Biden (the President of the United States), Narendra Modi, India’s Prime Minister, Fumio Shishida, and Joe Biden (the Indian Prime Minister). Getty Images| Afp | Getty Images TOKYO […]

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Goldman Sachs expects more China real estate defaults, switches to bear case

Moody’s estimates that China’s economy is more than 25% dominated by the real estate industry and its related sectors. CFOTO| Future Publishing | Getty Images BEIJING — Chinese real estate defaults have increased so much that Goldman Sachs analysts have shifted to their worst-case scenario for the riskiest part of the market. Analysts Chakki and […]

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Why China will likely recover more slowly from the latest Covid shock

One district in Shanghai banned its residents from returning to their apartments for virus testing, as it tries to revive businesses. A line is seen outside of a shopping center in this picture taken in another district on May 21st, 2022. Xu Kaikia | Visual China Group | Getty Images BEIJING — China’s economy won’t […]

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Australia’s new PM Albanese sworn in, ahead of Quad meet

Anthony Albanese is the leader of Labor Party during ceremonies at Canberra’s Government House, Australia on Monday, May 23rd, 2022. Albanese was elected the 31st Prime Minister of the Country on Monday. He promised to unify the nation after an erratic election campaign and to fight inequality and climate change. Bloomberg | Bloomberg | Getty […]

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New PM to tackle economy, inflation, cost of living

Australians are voting on Saturday for a new prime Minister. According to polls, it is close but not impossible to predict the outcome. But whoever wins the race will be faced with important issues like rising living expenses and increasing borrowing costs as a result of the nation raising rates for the first-time in over […]

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profits plunge amid China Covid lockdowns, regulation

Tencent Holdings signs atop an office building, Shanghai, China on March 22, 2022. China’s Tencent announced Wednesday that its quarterly profit fell by half from last year and its revenues stagnated. The company blamed cuts in advertising expenditures for consumer, travel and e-commerce businesses for the worst results since 2004 when it was listed. Qilai […]

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China is second-biggest bitcoin mining hub as miners go underground

Cambridge University research shows that China had accounted for less than 22% in the global bitcoin mining market as of September 2021. Getty Images| The Washington Post | Getty Images BitcoinChina’s ban has not stopped miners from working in China, but they are not giving up. China was once the world’s biggest crypto mining hub, […]

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Goldman Sachs cuts its China GDP forecast on Covid controls

China has had difficulty containing its worst Covid infestation in over two years since March. Notably, the metropolis of Shanghai, pictured here on May 18, only started this week to begin discussing resumption of normal activity — with a goal of mid-June. Hector Retamal | Afp | Getty Images BEIJING — Goldman Sachs analysts on […]