IRS |Institute of Regional Studies

Islamabad

Contemporary Regional Developments in China

8th - 15th January
  • China has become the largest trading partner of 16 Asian countries and has strengthened economic and trade integration with neighboring countries, according to Ministry of Commerce (MOFCOM).
  • The trade between China and 25 other Asian countries reached $1.17 trillion in the first 11 months of 2017, making up a third of regional trade. Japan, South Korea, Vietnam, and Malaysia are among China’s top ten trading partners.
  • China-driven Silk Road project can face political and financial hurdles. The Asian Development Bank says needs more than $26 trillion of infrastructure investment by 2030 to keep economies growing.
  • President Xi Jinping called for more anti-corruption efforts to "fundamentally improve the political ecosystem of the Party."
  • The world’s first Hualong One nuclear reactor has been completed in south China’s Fujian province after the installation of its dome-shaped containment structure, according to news reports on January 12, 2017.
  • China's lead civil aviation and tourism authorities have asked foreign airlines and hotels operating in the country to audit their websites as a result of instances where American companies Delta Airlines and Marriott Hotels International incorrectly listed the Chinese territories of Hong Kong, Macao, Taiwan, and Tibet as separate countries in their information to customers.
  • The US move to blacklist Chinese e-commerce shows ‘protectionism’, according to experts.
  • The US Trade Representative (USTR) on January 12 put nine Chinese online and brick-and-mortar markets on its blacklist over sales of suspected counterfeit products.
  • China’s value of imports and exports to Belt and Road countries reached 7.37 trillion yuan ($1.14 trillion) in 2017, up 17.8 percent on a year-on-year basis, accounting for 26.5 percent of the country’s total value of imports and exports.
1st - 7th January
  • China's GDP growth will remain 6.7 per cent in 2018. China's economy in 2018 will maintain stable and the growth is likely to stand at around 6.7 percent, according to forecast made by many economic think tanks in the country.
  • China has developed a new underwater surveillance network to help its submarines get a stronger lock on targets while protecting the nation’s interests along the maritime Silk Road, which included the Indian Ocean, South China Morning Post reported on January 01, 2018.
  • China's solar power generation has picked up amid the government's efforts to expand clean energy to curb pollution.
  • Solar power generation totaled 106.9 billion kilowatt hours in the first 11 months of 2017, up 72 percent from one year earlier, according to data released by the National Energy Administration on January 02, 2018. This was equivalent to 33 million tons of standard coal, and helped cut carbon dioxide emissions by 93 million tons, the administration said.
  • Pollution control will be kept as a priority in China, as the government has made it one of the "three tough battles" for the next three years, together with major risk prevention and poverty reduction.
  • The country aims to cap its coal-fired power capacity at 1,000 gigawatts in 2020, and non-fossil fuel will account for half of the country's total power generation by 2030.
  • China's GDP growth will remain 6.7 per cent in 2018. China's economy in 2018 will maintain stable and the growth is likely to stand at around 6.7 percent, according to forecast made by many economic think tanks in the country.
  • China appointed a new strategic expert in top ranks. The appointment of regional specialist to military wing’s Communist Party inner sanctum shows big shift in interests, analysts believe.
  • The US will not stand up to China’s new hypersonic missile. China’s new “hypersonic” ballistic missiles will not only challenge the defenses of the United States but also be able to more accurately hit military targets in Japan and India, according to Chinese military specialists.
  • China will promote mutual trust and cooperation with Russia in 2018. Xi made the pledge in his New Year greeting message to Putin.
  • President Xi during his new year speech pledged to carry out reforms in 2018.
  • "Building a high-rise begins with mounds of soil," Xi said, borrowing an ancient Chinese phrase to urge his fellow Chinese to take a step-by-step approach and work hard to turn the blueprint into a reality.
  • China supports the Democratic People's Republic of Korea (DPRK) and the Republic of Korea (ROK) to use the 2018 Winter Olympics to make efforts to improve ties, a Chinese Foreign Ministry spokesperson said on January 02, 2018.
  • China has become the fastest growing tobacco consumption market in the world, though industry authorities have taken measures, such as raising tax on tobacco, to control the trend, Worker’s Daily reported on January, 02.
  • High-speed railway is expected to cover 80% of major Chinese cities in 2020. This has been detailed at a China Railway Corporation conference in Beijing on January 2, 2018.

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