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Pacific Money

The 21st century is commonly referred to as the 'Pacific Century.' For such a prediction to materialize, the economies of the Asia-Pacific must lead the globe. What challenges will the region face? What nations stand to benefit most? The Diplomat's economics and business blog, Pacific Money, will try to tackle these questions and more.

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Western Banks’ Collusion With the CCP Should Raise Alarms

Western Banks’ Collusion With the CCP Should Raise Alarms

By Sam Goodman
Already, banks like HSBC are obeying Beijing’s orders to block Hong Kongers’ access to assets. Things could get much worse if conflict breaks out in the Taiwan Strait.
The Geopolitics of Technology in Indonesia

The Geopolitics of Technology in Indonesia

By James Guild and Leonard C. Sebastian
There are signs of sharpening strategic competition in technology-intensive sectors such as battery manufacturing, clean energy, and data centers.

Foreign Companies in China Face Growing Scrutiny, Pressure

Foreign Companies in China Face Growing Scrutiny, Pressure

By Joe McDonald
New crackdowns are a jarring backdrop for official efforts to reverse a decline in foreign business interest in China.

Avoiding a Costly China-US Conflict

Avoiding a Costly China-US Conflict

By Sara Hsu
A direct China-U.S. conflict would cause hundreds of billions or trillions of dollars’ worth of economic damage through business disruptions alone.

2022 Was a Good Year for Petronas

2022 Was a Good Year for Petronas

By James Guild
Malaysia's state-owned energy giant has benefited from the global spike in oil and gas prices, but its long-term future is less certain.
The Garment Dilemma in Indonesia-Bangladesh Trade Talks

The Garment Dilemma in Indonesia-Bangladesh Trade Talks

By Fajar Hidayat
Like many preferential trade agreements, the one between Dhaka and Jakarta has involved a delicate balancing between promoting trade and protecting important industries.

What Did the INA, Indonesia’s Sovereign Wealth Fund, Do in 2022?

What Did the INA, Indonesia’s Sovereign Wealth Fund, Do in 2022?

By James Guild
In seeding its state-owned fund with capital, Jakarta is hoping to target investments in strategic sectors.
Australia Suspends WTO Case Against China on Barley Tariffs

Australia Suspends WTO Case Against China on Barley Tariffs

By Rod McGuirk
Australia suspended a complaint to the World Trade Organization in the Albanese government’s latest step toward repairing relations with Beijing.

What China’s RM 170 Billion Investment Commitment Means for Malaysia

What China’s RM 170 Billion Investment Commitment Means for Malaysia

By James Guild
Does the recent eye-popping investment pledge from Beijing stack up against the country's recent economic history?

Southeast Asian Tech Giants Continued Losing Money in 2022

Southeast Asian Tech Giants Continued Losing Money in 2022

By James Guild
After a single-minded focus on growth and expansion, the region's leading tech firms face a rocky transition to sustained profitability.

Why the Thai Economy Grew Slower Than Its Neighbors’ in 2022

Why the Thai Economy Grew Slower Than Its Neighbors’ in 2022

By James Guild
The country's economy continues to be heavily dependent on foreign demand for goods and services.
The Future of State-Sponsored AI Research in China

The Future of State-Sponsored AI Research in China

By Shaoshan Liu
The fundamental mindset of Chinese tech companies is still driven by short-term profit, and they have always looked to the state to sponsor technological leaps.

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