Protesters holding Vietnamese flags attempt to push down the front gate of a factory in Bien Hoa (Getty)
By Ben Bland
Prompted by anger over Beijing’s assertive stance in the South China Sea, the deadly anti-Chinese riots sweeping through Vietnam’s industrial parks have highlighted just how important the country has become to global supply chains.
This has been good for Vietnam too.
With the crucial banking and state-owned enterprise sectors hamstrung by huge debts and a lack of reform since Vietnam started overheating in 2008, it is the thriving manufacturing sector that has kept the economy ticking along, accounting for 17 percent of GDP and generating much-needed foreign exchange.
What’s behind this manufacturing boom? Read more
By Simon Mundy in Seoul
North Korea’s recent slurs against the presidents of the US and South Korea exemplify a high-pitched, extravagant and often venomous propaganda style unmatched by any other nation – as well as the inherent contradictions and hypocrisy within much Pyongyang propaganda.
Despite the country’s well-documented human rights abuses, North Korea‘s state media has sought to promote a message of opposition to discrimination. Two weeks ago it published a report attacking racism and other problems in the US, which it described as “the world’s worst human rights abuser”. In March it gave extensive coverage to International Women’s Day, trumpeting the rights accorded North Korean women and highlighting complaints about sexism in South Korea.
All this sits awkwardly with recent, repeated descriptions of US President Barack Obama as a “monkey” and of South Korean President Park Geun-hye as a “prostitute” – among other racist and sexist insults.
Obama’s state visit to Japan
This week, we look at Japan, where President Barack Obama is concluding a state visit. The US leader and Prime Minister Shinzo Abe have vital business to discuss, from Japan’s delicate and rather dangerous relationship with China, to the state of the Japanese economy and hopes for a major new trade deal. David Pilling, Asia editor, and Lindsay Whipp, former Tokyo correspondent, join Gideon Rachman to discuss
President Barack Obama will conduct a four-country Asia trip from April 23 to 29. He will visit Japan, South Korea and Malaysia, before finishing the trip in the Philippines. These are 10 discussions that will be on the various tables:
1) Don’t Forget the Pivot Read more
By Gideon Rachman
Ukraine is a distraction. Syria is a distraction. For believers in America’s “pivot to Asia”, the centre of Barack Obama’s foreign policy must remain the region of the future – Asia. The pivoters will be delighted that this week – despite a raging crisis with Russia – the president is embarking on a four-nation tour of Asia, beginning in Japan.
Most people in Washington are dismayed about the turn of events in Ukraine. But there are two groups I have come across that seem pleased: lobbyists for the defence industry and specialists on Europe. At a conference on the future of Europe that I spoke at yesterday at the Centre for Strategic and International Studies (CSIS), one of the other speakers said firmly – “This should be the end of America’s pivot to Asia.” The remark was greeted with widespread approval. Read more
By Clive Cookson, Science Editor
In our world of super-surveillance it seems almost unthinkable that a large airliner with 239 people on board could have vanished without trace in one of the most populated regions of the world.
Dozens of aircraft and ships are criss-crossing the South China Sea and Strait of Malacca to search for signs of the Malaysia Airlines Boeing 777 that disappeared while flying from Kuala Lumpur to Beijing early on Saturday morning. And a galaxy of civil and military satellites and high-flying spy planes, capable of distinguishing objects as small as a football, are observing from high in the sky.
Will a slow down in Asian economies mean cancelled orders for Airbus and Boeing? Our Aerospace special report explores the possibilities and looks at how much western defence contractors such as Raytheon stand to gain from North Korean sabre-rattling and Asia’s territorial disputes. Read more
FTChinese.com editor-in-chief Lifen Zhang says the focus is not just on China’s economic power but its foreign relations. He also says Chinese business remains cautious about spending its cash piles.
By Martin Arnold, Banking Editor, in Davos
The first of many debates about China at Davos this year made an unexpectedly hostile debut this morning as Zhang Xin, head of Beijing’s biggest property developer Soho, was put on the spot over the country’s crackdown on corruption.
“Your industry is one of the most corrupt in China,” said moderator Andrew Browne, China editor of the Wall Street Journal, as he asked Ms Zhang to share her views on the issue. Read more
It’s back to the pivot. With the Iran deal half-done, the Obama
administration is now starting to shift its attention to Asia. After national
security adviser Susan Rice gave her first speech on the subject last week,
vice president Joe Biden will visit north Asia from Sunday, preparing the
ground for a presidential swing through the region in the spring.
Biden will fly straight into the centre of a new political storm – literally,
in this case – after China declared on Saturday that a large part of the
East China Sea was its own air defence zone. The new Chinese rules
oblige aircraft of other countries to inform Beijing of their flight plans
through the area, or potentially face “defensive emergency measures”. Read more
By Gideon Rachman
Foreign commentators and local bloggers regularly predict that China is heading for an economic and political crisis. But the country’s leaders are in strikingly confident mood. They believe that China can keep growing at more than 7 per cent a year for at least another decade. That would mean the country’s economy – already the second-largest in the world – would double in size. And, depending on the assumptions you make about US growth and exchange rates, it would probably mean that China becomes the world’s largest economy by 2020.
Barack Obama with Mahmoud Abbas at the UN (JEWEL SAMAD/AFP/Getty Image)
“Let there be no doubt: in the Asia-Pacific of the 21st century, the United States of America is all in”, declared Barack Obama in a speech to the Australian parliament in November 2011. But Asians might be excused for having a few doubts about that now that Obama has cancelled half of his upcoming trip to Asia – so that he can stay at home and concentrate on his budget fight with Congress. For the moment, the president is still planning to travel to the Apec summit in Bali. But even that promise is under review, depending on what’s happening in Washington. It would be acutely embarrassing if Obama cancelled the trip to Apec, since it would be the third time he has failed to show up for a scheduled trip to Indonesia. Previous efforts to visit the country that he lived in as a child were cancelled – in March 2010 and then again in June of that year – because of an argument, first over health-care and then over BP. Read more
It’s no secret that the US is at the centre of global trade. But how is what it trades with the world changing? The US International Trade Commission, the independent government agency which investigates anti-dumping cases in the US and also acts as a trade data clearinghouse, this week put out its annual “Shifts in US Merchandise” report. Here’s four things in the report worth thinking about:
1. Americans love their cars and their iPhones. They were the biggest contributors to the $10bn widening of the US trade deficit in 2012. Read more
By Gideon Rachman
Japan’s public diplomacy hovers between the ludicrous and the sinister. In recent months, the country has specialised in foreign policy gaffes that seem designed to give maximum offence to its Asian neighbours while causing maximum embarrassment to its western allies.
By Gideon Rachman
The world is so busy cheering on the emergence of democracy in Myanmar that it is in danger of averting its eyes from the assault on democracy in another Asian state – Sri Lanka.
A recent cartoon in the China Daily depicted the Statue of Liberty holding a listening device instead of a torch and a tape-recorder in place of a legal tablet. The Global Times, in both its Chinese and English editions, noted what it said was US “aggressiveness in cyberspace” and its “hypocrisy in saying one thing and doing another” – a reference to Washington’s demands that China stop its nefarious hacking campaign. The Global Times even suggested Beijing keep Edward Snowden, the former intelligence contractor who leaked information about US domestic and international information-gathering activities, and milk him for all the information he’s worth. “This concerns China’s national interest,” it said. Read more