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Geoeconomics

ASIA PACIFIC:

CHINA-AUSTRALIA DIPLOMATIC RIFT:

  • Chinese investment in Australia plummeted 61% in 2020, the lowest number in six years. The drop in investment comes amid a growing diplomatic rift between the two countries, since Australia first called for a rigorous investigation into the origins of the Covid-19 pandemic and in response China has imposed tariffs or trading restrictions on Australian goods.

SOURCE: BBC


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SOUTH ASIA:

INDIA-CHINA VACCINE DIPLOMACY:

  • India and China -that have disengaged frontline troops from their borders, putting an end to tensions in the region- have shifted their rivalries to a different field – seeking political influence through vaccine diplomacy. Since India produces 60% of global vaccines, it is trying to match China to use it as a diplomatic tool to expand influence in the neighborhood and beyond. The COVID-19 vaccine has emerged as an important form of diplomatic currency globally for the nations to showcase their soft power gains.

SOURCE: ANADOLU AGENCY


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SOUTH ASIA:

MYANMAR:

  • Japan’s government is considering suspending new official development aid for Myanmar for the foreseeable future, in response to the February 1 coup. Meanwhile, the Japanese automotive giant Toyota’s decided to postpone the opening of a new plant in Myanmar, given the heightened political uncertainty that has followed the military takeover.

SOURCE: THE DIPLOMAT


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EURASIA:

ARTIC:

  • Russia inks long-term deal to supply China with liquefied natural gas from Arctic. Also invites BRICS partners to join country’s massive Arctic oil & gas projects. “Our LNG commercial strategy is to diversify our client base and target end consumers in the fast-growing Asian Pacific region,”

SOURCE: RT


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SOUTH ASIA:

PAKISTAN:

  • Pakistan is exploring the possibility of increasing Sri Lanka’s trade connectivity to the Central Asian region through the China-Pakistan Economic Corridor (CEPC), called as a flagship project of China’s Belt and Road Initiative (BRI).

SOURCE: DAILY MIRROR


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WHAT IS HAPPENING IN GEOECONOMICS? SOUTH ASIA:

PAKISTAN:

  • Pakistan is looking for connectivity with Afghanistan, Central Asia and ultimately to Russia, with Balochistan playing a pivotal role through its geographical location and abundance of natural resources. Balochistan is a geo-strategic location as well as a hub of natural resources which if fully utilised could be a catalyst for the entire region. Since Pakistan’s inception, Balochistan had been made a target for the country’s adversaries due to its attributes, and consequently had been destabilized by internal and external elements.

SOURCE: DAILY TIMES


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WHAT IS HAPPENING IN GEOECONOMICS? AFRICA:

CHINA´S BELT AND ROAD:

  • Chinese overseas energy finance collapsed to its lowest level since 2008 last year, with its struggling Belt and Road ambitions in the sector relying more heavily on projects in African countries, reported the Financial Times. More than half of China’s $4.6 billion in overseas energy lending went to projects in Africa in 2020, data from Boston University’s Global Energy Finance database show.

SOURCE: CHINA ECONOMIC REVIEW


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WHAT IS HAPPENING IN GEOECONOMICS? EURASIA:

CHINA´S CONNECTIVITY PLAN:

  • China’s plan to build a global rapid logistics circle for goods by 2035, which would allow goods to be delivered to neighboring countries and major international cities within two- three days, will likely boost China’s trade with major economies in the EU and Asia, observers said. Analysts said the broad plan is also significant in terms of coordinating a global industry chain where China plays a centralized and pivotal role. Riding on such momentum, the world’s economic center of gravity could gradually shift to China, they predicted.

SOURCE: GLOBAL TIMES


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WHAT IS HAPPENING IN GEOECONOMICS? GLOBAL:

CHINA/ USA DISPUTE:

  • China dismissed efforts to shift U.S. supply chains toward alternative sources as unrealistic, hitting back hours after President Joe Biden signed an order to review how America buys strategic goods. Chinese Foreign Ministry spokesman Zhao Lijian made this remarks in response to a question about the order, which came as Biden directed his administration to address shortfalls in semiconductor production that have idled some auto plants.

SOURCE: BLOOMBERG


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WHAT IS HAPPENING IN GEOECONOMICS? SOUTH ASIA:

MYANMAR:

  • While Western nations condemn the military coup in Myanmar, India is taking a cautious approach as it bolsters its connectivity to Southeast Asia and attempts to curb China’s influence. Myanmar and India share a 1,600 km border, giving India a gateway to greater economic integration with Southeast Asia. The neighbors also share a 725 km boundary in the Bay of Bengal, where India aims to boost maritime security cooperation with Myanmar and other members of the Association of Southeast Asian Nations as part of a broader effort under the quadrilateral security dialogue.

SOURCE: NIKKEI ASIA

 


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