In The News

Tomoo Kikuchi and Masaya Sakuragawa February 8, 2019
Asia’s contributions continue to gain weight in the global economy. China and Japan are the world’s second and third largest economies, respectively. India, South Korea and ASEAN members also provide substantial contributions. All benefit from free trade, explain Tomoo Kikuchi and Masaya Sakuragawa, but trade and growth have slowed. “China and Japan should pursue greater cooperation on a number...
David Sanger, Julian Barnes, Raymond Zhong and Marc Santora February 5, 2019
With the advent of the fifth-generation networks – technology that would revolutionize data transfer and better serve virtual reality and artificial intelligence tools – the Trump administration seeks support from NATO allies to prevent China from gaining a foothold in the 5G race. Starting with the United Kingdom and Germany, the Trump administration argues that any economic benefit from using...
Keith Johnson February 4, 2019
China injected a record $83 billion stimulus package in January, highlighting the world’s second-largest economy’s desire to jumpstart growth in the new year after scoring a 28-year low in its rate of growth for 2018. Even though the Chinese government posted a 6.6 percent growth last year, experts question the accuracy of official data. So what is the true extent of China’s economic slowdown?...
Anatoly Kurmanaev and Thomas Grove February 3, 2019
Despite the Russian government’s support for the UN economic sanctions against North Korea in 2017, some Russian business owners, along with ethnic Koreans living in the Far East, are speaking out in opposition to the labor and trade freeze. Anatoly Kurmanaev and Thomas Groves report from Sakhalin where ethnic Koreans maintain a strong presence. Writing for the Wall Street Journal, they explain...
Shin Ji-hye January 30, 2019
South Korea will offer financial incentives and streamline regulations to attract foreign firms that can upgrade the nation’s traditional manufacturing sectors including petrochemicals, high-end manufacturing, automobiles and health care, announced the chief of investment policy at the Ministry of Trade, Industry and Energy. The range of targets is broad: “The ministry will also focus on luring...
Jordyn Dahl January 29, 2019
China did not need to master traditional auto manufacturing to dominate the electric-vehicle industry. China has lined up policies to ensure its dominance – for example, obtaining licenses is much easier for those with electric vehicles. The Chinese government “made electric vehicles one of the 10 pillars of Made in China 2025 – a state-led plan for the country to become a global leader in high-...
Phoebe Zhang January 22, 2019
Much of the world expressed concern after reports of the birth of gene-edited infants in November. An investigation in China confirmed that the infants are real and the scientist acted on his own. A preliminary investigation, as reported by Xinhua News Agency, explains that the researcher avoided surveillance, forged ethical papers, and worked with foreign staff and eight couples, reports Phoebe...