KUALA LUMPUR: Weakening economic fundamentals across Asia following the financial crisis four years ago have raised the risks of domestic financial crisis sprouting in countries including Malaysia, says Nomura Research.
The current account surpluses have narrowed sharply, while the ratio of domestic private debt-to-GDP has risen and property markets have also become frothy.
China has been notably relaxed about her own people acquiring gold, and the government itself appears to be absorbing all of China’s mine output. Russia is also building her official reserves from her own mine supply. The result over time has been the transfer of aboveground gold stocks toward these countries and their allies. The [...]
Countries with territorial claims in the South China Sea that look for help from third parties will find their efforts “futile”, China’s Foreign Minister Wang Yi warned on Thursday, adding that the path of confrontation would be “doomed”.
China, Vietnam, the Philippines, Japan and Taiwan are among the many countries fighting for fishing rights in the South and East China Seas—but at the rate fish stock is being killed by pollution and over-fishing, there won’t be much left for the victors anyway.
In the East China Sea—home to the Senkaku/Diaoyu islands [...]
Brig. Gen. Richard Simcock, deputy commander of U.S. Marine Corps Forces Pacific, told reporters at Pentagon that China is not “very transparent about a military buildup and why it’s being used. And, [...]
NetTraveler virus found in computers in diplomatic missions of over 40 countries, including Syria, Turkey, Lebanon, Jordan, Qatar, and Iran
Computers in diplomatic missions and government offices worldwide have again been struck by a major virus, according to cybersecurity experts at Kaspersky Lab. The NetTravel virus, which Kaspersky uncovered in recent weeks, has attacked computers [...]
The first and overriding point of view was that the era when the United States has been the ultimate superpower in the world was coming to an end. They all believed that a multipower world, with large roles for the U.S., Russia, China and India, was what would arise as the 21st century neared its [...]
China should hit out when necessary to resolve rows over some shoals in the South China Sea that are unlawfully occupied by other countries, a Chinese scholar has urged.
In a recent interview with a Shanghai-based radio, Han Xudong, a professor at the PLA National Defense University, issued the call on grounds that it is [...]
Several dozen Chinese soldiers have set up a remote camp some 10 km (6 miles) inside territory claimed by India in the high altitude Himalayan desert of Ladakh, Indian police sources said, in a possible return to border tension between the Asian giants.
An Indian foreign ministry spokesman said the two countries were in touch [...]
The short answer is yes there is an alliance brewing. There are issues between the countries that could limit this alliance.
Xi Jinping and Vladimir Putin’s recent summit drew wide international attention. Are we witnessing the dawn of a new alliance?
If Moscow and Beijing are able to consummate the major deals begun at [...]