2021-04-18 09:06:24 GMT2021-04-18 17:06:24(Beijing Time) Xinhua English
BOAO, Hainan, April 18 (Xinhua) Asia should be a major engine for sustainable global recovery, according to a report released by the Boao Forum for Asia (BFA) Sunday.
Asian countries that have emerged from the pandemic need to offer more assistance to their neighbors, said the BFA s Sustainable Development: Asia and the World Annual Report 2021.
The countries need to make concerted efforts in virus prevention and control, and accelerate the vaccination process, thus creating conditions for reopening borders and resuming normal travel, it said.
The Regional Comprehensive Economic Partnership Agreement (RCEP) and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) should be carried out as high-standard rules and practices for free trade and investment, it said.
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The Real China Challenge: Beijing s Blueprint for Asia Revealed China is slowly and deliberately using its growing power to create a new set of international arrangements in Asia.
Beijing will host the APEC leaders summit on November 10-11. Among the many set piece theatrics of the 20th edition of the leaders meeting is likely to be an announcement about the establishment of the Asian Infrastructure Investment Bank (AIIB). The Bank is a Chinese initiative intended to help finance Asia’s massive infrastructure needs. Most of the region s developing economies have signed up, but the more advanced economies are not sure. While the language used to describe their hesitation is largely technical concerns about capitalization, governance structures and processes the underlying reason that South Korea, Japan and Australia are uncertain is strategic.
The Philippines is desperately scrambling to procure even the coronavirus vaccine leftovers particularly from Western countries that suspend the use of AstraZeneca and Johnson & Johnson brands due to reported cases of side effects.
16 Apr in 5:00 Eurasianet
Central Asia’s vast green energy potential is beginning to attract international suitors. With the know-how and the financing, next-door China is primed to take advantage. But is it interested? “It sounds like a cliché that one might hear about many places in the world, but Central Asia’s potential for renewable energy is truly huge and underutilized,” Indra Overland of the Norwegian Institute for International Affairs told
Eurasianet. “However, so far, developments have been very slow.”
Hydropower is the dominant renewable source in Central Asia. But hydropower can rouse cross-border tensions. It is also criticized for its environmental impact. Another resource Central Asia has in abundance is sunshine. With the region’s ample free space, solar and wind – which currently contribute negligible power – appear an attractive way to ease outages, energy poverty, and emissions.