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A November 2011 report by the U.S.-China Economic and Security Review Commission, a US congressional advisory panel, urged the White House and US Congress to scrutinize China's military expansion and pushed for a tougher stance against, what it dubbed as, anticompetitive Chinese trade policies.
Japan's ruling Democratic Party of Japan (DPJ) came to power in 2009 with the promise of "re-examining Japan's ties with the United States" and framing a foreign policy with "greater emphasis on Asia." Less than three years later, anxiety about the steady increase in China's economic strength, military power and political assertiveness in the region has forced the party to lean back on Japan's postwar alliance
[This article was first published here on The Huffington Post] More than 20 years after a vote in its Senate asked the United States to vacate large-scale military bases in the country and leave, the Philippines announced on 27 January that it was looking for more joint military exercises with the US, as well as having a […]
South Asia is often described as the most dangerous place on earth and the most promising emerging market - both in the same breath. The year 2011 illustrated in ample measure the implausible irony. The biggest international story of the year, according to The Associated Press' annual poll of US editors and news directors, was the killing of Osama Bin Laden in his hideout in Pakistan on 2 May.
India's government battled pressure from a united opposition on its November 25 decision to open up the country's retail sector, worth an estimated $450 billion, to international brands like Tesco and Wal-Mart. The cabinet in New Delhi took the decision to allow 51% foreign investment in multi-brand retail stores and up to 100% in single brand retailers in cities with a population of more than one million.
Inflation in Asia may have passed or reached its peak this cycle. In its annual Financial Stability Review released on November 18, the Monetary Authority of Singapore said that while inflation rose for most Asian economies in the first half of the year, the worsening global economic outlook has helped contain inflationnary pressures in October. "Inflation appears to have peaked in most Asian economies,"