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Jan 1, 2025 | 
johnmenadue.com | Yiping Huang
China’s economic growth has been under downward pressure for both cyclical and structural reasons. In late September 2024, the Chinese Government began to take decisive action to boost aggregate demand, and it has also been promoting what it calls “quality productive forces” in order to nurture new drivers of economic growth. But the re-election of Donald Trump has cast another shadow over the Chinese economy.
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Dec 22, 2024 | 
afr.com | Yiping Huang
OpinionJust like the US’ Marshall Plan after the Second World War, China can help green development in the Global South with technological and financial support. Yiping HuangDec 23, 2024 – 6.50am or Subscribe to save articleEmailLinkedInTwitterFacebookSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber?
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Aug 6, 2024 | 
koreatimes.co.kr | Yiping Huang
By Yiping HuangBEIJING – Decentralization of decision-making from the central government to local authorities is widely regarded as one of China’s most effective policy reforms of the past four decades. As the Communist Party’s priorities shifted from class struggle to economic development, decentralization turned out to be a tremendous catalyst for growth. Compared to the centrally planned system, local governments were better positioned to tailor economic decisions to local conditions.
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Jul 21, 2024 | 
eastasiaforum.org | Liam Gammon |Paul Chambers |David McNeill |Yiping Huang
Indonesia is now seeing a handover of political power far more stage-managed than ever before in its post-democratic history, as President Joko Widodo and Defence Minister Prabowo Subianto sustain the alliance that helped the former special forces general win an historic landslide in the February 2024 presidential elections by posing as Widodo’s natural heir. Prabowo has locked in this dominance by building an unprecedentedly broad party coalition ahead of his inauguration on 20 October.
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Apr 3, 2024 | 
onlinelibrary.wiley.com | Yiping Huang
According to a survey of 81 central banks conducted by the Bank for International Settlements (BIS) in 2022, 93% of the surveyed central banks were exploring Central Bank Digital Currencies (CBDCs), with half developing or running concrete experiments. CBDCs will likely reshape the financial landscape across the globe.
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Jan 3, 2024 | 
eastasiaforum.org | Ryosuke Hanada |Allison Alexy |Emma Whitmyer |Yiping Huang
Author: Ryosuke Hanada, Macquarie UniversityThe trilateral foreign ministers’ meeting between China, Japan and South Korea (CJK) was held in Busan, South Korea on 26 November 2023 for the first time since August 2019. Though the meeting itself is routine and has no immediate impact on regional affairs, the resumption of CJK foreign ministerial meetings indicates a change in the ‘two-to-one logic’ of trilateral relations.
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Jan 2, 2024 | 
eastasiaforum.org | Vera Yuen |Allison Alexy |Emma Whitmyer |Yiping Huang
Author: Vera Yuen, HKUHong Kong was one of the last jurisdictions in the world to reopen after COVID-19 at the beginning of 2023. The ensuing economic recovery was short-lived and softer than expected. A mix of both cyclical and structural factors, including international monetary policy and geopolitical tensions, may mean the city never recovers its pre-pandemic shine. Private consumption in Hong Kong continued to grow through the year but imports and exports remained weak.
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Jan 2, 2024 | 
eastasiaforum.org | Paul Chambers |Allison Alexy |Yiping Huang |Emma Whitmyer
Author: Paul Chambers, Naresuan University2023 was remarkable in Thai politics. A fairly clean general election ousted the pro-military government, replacing it with a coalition headed by a leading opposition party. But the coalition — which includes pro-military parties — rules under a powerful monarchy and alongside a Constitutional Court and Senate both appointed by the 2014–2019 junta.
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Jan 1, 2024 | 
eastasiaforum.org | Gary Clyde Hufbauer |Allison Alexy |Yiping Huang |Emma Whitmyer
Author: Gary Clyde Hufbauer, PIIEForces inherited from 2022 shaped the US economy in 2023 — high but falling inflation, rising interest rates, neo-protectionist industrial policy, conflict with China, empty trade initiatives and the resurgence of former US president Donald Trump. From an Asian perspective, the macro impact of US economic policy was benign and the micro impact was adverse, but security guarantees were welcome.
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Dec 31, 2023 | 
eastasiaforum.org | Allison Alexy |Yiping Huang |Emma Whitmyer |Edward Aspinall
Author: Editorial Board, ANUFor the past quarter of a century Japan has enjoyed stability. Perhaps too much stability: for more than two decades, prices, wages and interest rates have barely changed even though the structure of the global economy, technology and market conditions have changed remarkably. That stability was achieved largely by failure to confront some difficult structural challenges.
