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Taxpayers must pay the freight for over-budget train projects
Topic - Asia-Pacific Economic Cooperation
Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim countries (styled "Member Economies") to cooperate on regional trade and investment liberalisation and facilitation. APEC's objective is to enhance economic growth and prosperity in the region and to strengthen the Asia-Pacific community. Members account for approximately 40% of the world's population, approximately 54% of world GDP and about 44% of world trade. - Source: Wikipedia
China's leaders are gleeful that the chronic crises emanating out of Washington helps elevate China in the world's eye as a much-needed source of stability while furthering Beijing's goal of posing an alternative to a U.S.-centric world economy.
President Obama's flip-flop on attending the Asia-Pacific Economic Cooperation summit and then his decision to stay in Washington to deal with the government shutdown has left America playing second fiddle to China on an important world stage.
U.S. allies expressed their disappointment Sunday over President Obama's cancellation of his trip to an Asia-Pacific summit because of the partial American government shutdown, as U.S. officials tried to reassure them of Washington's commitment to the region.
Already one of the most-traveled presidents in history, President Obama will travel next month to Indonesia, where he grew up as a boy.
I am afraid it could be too early to reject the possibility that Taiwan's President Ma Ying-jeou will meet his Chinese counterpart, President Xi Jinping, in Shanghai's Asia-Pacific Economic Cooperation (APEC) meeting next year ("Inside China: China ridicules Indian navy," Web, Aug. 22). Mr. Xi may soon realize that this timing is the best and perhaps the only opportunity for them to meet officially before 2016, when Mr. Ma will end the last term of his presidency.
The successful launch of India's first indigenously built aircraft carrier, the INS Vikrant, and the tragic accident of an Indian navy Kilo-class submarine that killed 18 sailors created fodder for Chinese state media to use in ridiculing its neighbor.
In July, the Republic of China (Taiwan) signed a historic economic cooperation agreement with New Zealand.
India, the world's most populous democracy, may hold the keys to success for the Obama administration's self-described foreign-policy "pivot" to Asia, a bipartisan panel of analysts told Congress on Wednesday.
With less than two months left for Washington to avoid an impending fiscal crisis that could drive economic recovery into a tailspin, President Obama will break away from negotiations to spend four days on a diplomatic trip to Southeast Asia.
U.S. Secretary of State Hillary Rodham Clinton on Sunday acknowledged deep differences with Russia over how to handle the crisis in Syria, saying she would continue to try to persuade Moscow to back increased international pressure on Syrian President Bashar Assad, even if such a step is unlikely.
U.S. Secretary of State Hillary Rodham Clinton urged Asian countries embroiled in simmering territorial disputes to work together to ease rather than raise tensions.
Pacific Rim leaders pledged Sunday to fend off the deepening damage from the European financial crisis and revive flagging growth in the region by supporting open trade, reforming their economies and strengthening public finances.
The Obama administration wants to "pivot" U.S. foreign policy toward Asia. There are far too few details to know exactly what that means. In the meantime, the administration is right to highlight America's enduring interests in that region.
The unceremonious dismissal March 15 of high-ranking communist official Bo Xilai - the powerful party chief of the world's largest metropolis, Chongqing - is causing major concern over the Communist Party's ability to control the ultimate guarantor of the regime, the 2.28 million-strong People's Liberation Army (PLA).
The Obama administration is set to offer more concessions to the Russians on missile defense, the latest one a proposal to share secret technical data on the U.S. military's most effective anti-missile interceptor.