Asia Pacific

Asia Pacific

Asia-Pacific (excluding the Middle East) is the most populous region. In 2018, it had over 3.98bn people spread over 47 countries. It had the largest total GDP of the regions in 2018 at 28.8 trillion USD. Average GDP per capita was 13,454 USD. Total exports were 8 trillion USD. Civilisation began in China around 8,000 BC. By around 2200 BC, the first imperial dynasty had begun: the Xia. The last dynasty ended in 1912. The Chinese empire gained great wealth and spread its influence through trade that reached across the continent via the Silk Roads to the Middle East and Europe beginning around 200 BC. Meanwhile in India, civilisation began in the Indus valley around 2300 BC. In the 4th century, Buddhism began to spread to East Asia and had reached Japan and South East Asia by the 6th century. In the 7th century Islam emerged, and quickly spread to Central Asia, northern India, and Western Asia along the Silk Road. Arab traders also helped spread Islam throughout South East Asia. Between the 13th and 15th centuries, the Mongols invaded China, central Asia, and northern India. Divine Winds prevented Kublai Khan’s invasion of Japan. In the 16th century, Portuguese traders arrived in India, East Asia, and South East Asia and built a commercial empire. The Dutch quickly superseded them in South East Asia. Britain, France and Spain also realised colonial ambitions in the region. Britain took control in India and defeated China in the Opium Wars, gaining Hong Kong as a result. It also discovered and settled Australia and New Zealand in the 18th century. France gained control of Indochina and settled several Pacific islands. In 1853, Commodore Perry forced Japan out of isolation. The Meiji restoration industrialised Japan and brought it to the status of a world power with the defeat of the Russians in 1905. Imperial Japan extended into the Korean Peninsula and Manchuria. After WW2 they invaded South East Asia and the Pacific. After WW2, Japan again led the way with the Japanese economic miracle, which was quickly replicated by South Korea, Taiwan, and other Asian nations. Also, after WW2, the last vestiges of colonialism were eventually swept away as the nations of Asia gained independence. China became communist in 1949. By the 1970s, China slowly liberalised their economy. It has now overtaken Japan to become the second largest economy in the world and is likely to overtake the US soon. Its Belt and Road initiative was announced in 2013. It has increased Chinese influence throughout Asia and beyond. In 1967, the Association of South East Asian Nations (ASEAN) was formed as the countries sought to build stronger political and economic relationships. In 1989, the Asia-Pacific Economic Cooperation (APEC) forum was founded. By 2018, this had led to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) free trade agreement. The 11 signatories are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The Regional Comprehensive Economic Partnership (RCEP) free trade agreement is expected to be signed in 2020. In addition to the Asian and Pacific countries from the CPTPP it also includes China, Cambodia, India (to be determined), Indonesia, Laos, Myanmar, Philippines, South Korea and Thailand.

China Syndrome: A Wilting Economy, Financial ‘Long-Covid’, a Collapsing Property Sector — and the Spectre of Deflation Hovering Nearby

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Tech-Up Transition for Philippines Bank has Swept the Nation Along Towards an Enticing Digital Future

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UNCDF: Time to ‘Youth-Up’ – the Status Quo Simply Has to Be Adjusted

“It’s time to sustainably invest in youth affairs and future generations”, argues Edoardo Tancioni. As the world grapples with conflict, climate change and Covid, one thing is abundantly clear: the

A Union of Minds, Methods, and Values Keeps Singapore’s Unique Skyline Alive

Singapore Land Group’s praises are sung — by peers and award bodies Singapore Land Group Ltd — SingLand — has a simple, and admirable, focus: to create inclusive urban spaces
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Lord Waverley: Tracing the Old Silk Road Shows History Carved a Path to Modern Values — and Vibrant Economies

Lord Waverley continues his journey through Central Asia, a little-known region nestled in a corner of the world that is coming into prominence… As the Central Asian region continues to

New World Development: Leading Disruptor in Real Estate Industry

Founded in 1970, New World Development Company Ltd (“the Group”, Hong Kong stock code: 00017) was publicly listed in Hong Kong in 1972 and is a constituent stock of the

The Rise and Rise of ESG, from Investment and Worker Safety to the Ethics of the Defence Industry

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Lord Waverley: Central Asian Region Revealed in All its Glory, Mystery, and History

Lord Waverley negotiated Memoranda of Understanding with each of the five parliaments of Central Asia, and was the architect of the Aktau Declaration on Joint Actions. In this first segment
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Wing Bank CEO Invests in his Staff — ‘Better People = Better Organisations’

A healthy blend of leadership styles has brought personal and organisational benefits. The CEO of Cambodia’s Wing Bank Han Peng Kwang, is still inspired by his career, and by the

Singapore — the leading financial centre in the Asia-Pacific region

Hear the Merlion roar. Singapore is the case study for a DIY global financial centre. It punches above its weight both in terms of financial services and lifestyle. But can

As If on Rails: The Innovation Driving the MTR Corporation

MTR Corporation’s mission is to keep cities moving — and it lives up to that promise. With a business stretching from its Hong Kong base to cities in Europe, Australia

Full Steam Ahead: MTR Boss Jacob Kam Chak-pui Puts Company Right on Track

When Jacob Kam Chak-pui joined MTR Corporation in 1995, the company operated three railway lines serving the major population centres of Hong Kong. The total length of the route was
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