30 Jun, 2017
Just days before the scheduled visit of Philippine Foreign Secretary Alan Peter Cayetano to Beijing on 28–29 June 2017, China’s anti-corruption watchdog announced on 23 June that it had begun corruption investigations into Huang Rulun (黄如论), a Chinese real estate developer who is known to have close ties with Manila. In addition, Huang had been removed from his position in the Fujian province political consultative conference, a provincial advisory body a week earlier.
28 Jun, 2017
Once labelled as the “sick man of Asia”, Philippines now has one of the fastest growing economies in Asia. According to predictions in The World Bank’s 2017 Global Economic Prospects report, Philippines’ economy is expected to grow at 6.9% in the coming year. The country has a rapidly developing manufacturing sector, strong consumption spending and welcoming government policies. It is expected to display strong economic growth over the next few years.
1 Jun, 2017
According to data from Indonesia’s Investment Coordinating Board (BKPM) earlier this year, China has become one of the top foreign investors in Indonesia, having pumped some US$2.6m in the country 2016, up from US$628.3m in 2015. This development comes as no surprise, as China had been Indonesia’s biggest trading partner five years ago. What is more interesting are the sectors in which Chinese investors are attracted in.
1 Jun, 2017
In the early hours of 27 January 2017, Chinese-Canadian businessman Xiao Jianhua was seized from his luxury serviced apartment at Four Seasons Place in Hong Kong and brought to the Lok Ma Chau border control point between Hong Kong and Shenzhen. Along with his two female bodyguards and five other unidentified men, the founder of financial group Tomorrow Holdings passed through border controls with valid documents and hasn’t been seen in public since. His mysterious disappearance is widely believed to be linked to China’s ongoing anti-corruption campaign, which some critics contend is targeted at President Xi Jinping’s political opponents.