This Week’s China Plus – Wednesday, June 9
HEADLINES: The RCEP Agreement – Global Trade Implications / Vietnam’s Da Nang Province / New Malaysia Business Stimulus Package / Indian Investments into ASEAN E-Commerce / Sri Lankan State Property Assets To Be Listed / Development Plans In Russian Far East
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RCEP’s market includes China, Japan, South Korea, Australia, New Zealand, and the 10 ASEAN nations. It is 2.5 times larger than that of the EU and USMCA and will overtake these two Western trade blocs in both wealth and investment within a matter of years. We look at the implications.
Malaysia’s “Pemerkasa Plus” will focus on three aspects: increase public healthcare capacity, continuing welfare programs, and supporting businesses. This includes US$509 million in grants to small businesses, loan moratoriums, and wage subsidies.
Da Nang recently amended its 2030 master plan, with a vision to 2045, which will see the city aim to be a socio-economic center for entrepreneurship, innovation, commerce, and finance in Southeast Asia, and is targeting Singaporean investment expertise and finance.
Having a combined population of 655 million people, of which 400 million are internet users, ASEAN’s e-commerce sector presents ample and scalable opportunities for Indian businesses looking to sell in this market.
Dormant and underutilized property assets to be listed on Colombo Stock Exchange in similar manner to Singapore’s Fullerton and Clark Quay investment projects.
The Russian Far East influences trade and investment in China, Japan, South Korea, as well as exports to Europe. We look at Russia’s regional development plans in this huge yet little understood region of North-East Asia.
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