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Geoeconomics

ASIA PACIFIC

CHINA:

  • China’s top economic planner (the National Development and Reform Commission) has warned that the impact of Covid-19 and increased political risks in countries taking part in the Belt and Road Initiative are among the main challenges the multibillion-dollar project faces in the next five years. It identified changes to global governance and trade systems, the ongoing rivalry between China and the US, and growth in emerging markets as the most important factors affecting the project. Moreover, “some BRI countries have long term high geopolitical risks and certain regions have seen an escalation in conflict,” the report said.

SOURCE: SOUTH CHINA MORNING POST


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ASIA PACIFIC

CHINA:

  • China is trying to reshape its pharmaceutical industry and take on an unprecedented role as a major vaccine supplier to the rest of the world in light of the ongoing Covid-19 pandemic. By March, more than 100 million doses had been exported, about the same as the combined exports from India and the European Union. The growth in production means China will have a better chance of increasing its influence among developing countries which will look to it, along with India and Russia.

SOURCE: SOUTH CHINA MORNING POST


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EUROPE

HUNGARY:

  • A Hungarian oil and gas firm is indirectly about to give Russia a chance to finish its work on bypassing the Ukrainian gas transit and encircle the Central and Eastern European gas market. The energy trade route change helps to advance Russia’s geopolitical ambitions.

SOURCE: VISEGRADINSIGHT EU


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ASIA PACIFIC

NEW ZELAND:

  • New Zealand said it would not let the ‘Five Eyes’ intelligence alliance — the United States, Canada, United Kingdom, Australia and New Zealand– dictate its dealings with its largest trading partner China, in the latest distancing from the US-led group’s approach to tensions with Beijing.

SOURCE: ALARABIYA NEWS


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SOUTH ASIA

INDIA:

  • India is expecting to restart EU-India talks in May, in particular negotiations on trade and investment. They are looking to improve relations to end dependence on China.

SOURCE: EURACTIV


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SOUTH ASIA

INDIA:

  • India is expecting to restart EU-India talks in May, in particular negotiations on trade and investment. They are looking to improve relations to end dependence on China.

SOURCE: EURACTIV


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ASIA PACIFIC

TAIWAN:

  • Taiwan says its chip firms will adhere to new U.S. rules blacklisting China supercomputing entities. The U.S. move came amid its rising tensions with China over Taiwan.

SOURCE: REUTERS


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MIDDLE EAST

IRAN:

  • Russian Foreign Minister Sergey Lavrov is due to pay a visit to Iran to sign an action plan for economic cooperation. They suggested that Iran, Russia and China could play a pivotal role in creating a sanctions-resistant block to gather countries sanctioned by the US and Europe together.

SOURCE: IRNA


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SOUTH ASIA

INDIA:

  • India has emerged as the top buyer of US crude in the first quarter of calendar year 2021, after Saudi Arabia staved off India’s request to boost production to cool prices, and Indian refiners replaced some of the Saudi volumes with US cargoes at the behest of the government.

SOURCE: THE HINDU BISINESS LINE


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SOUTH ASIA

CHINA:

  • China is planning a mega dam in Tibet stoking fears in neighbouring India that in reactions has floated the prospect of building another dam on the Brahmaputra.

SOURCE: TIMES OF INDIA


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