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  • China Plus ASEAN: Are the geese still flying?

    According to the ASEAN secretariat, China has been ASEAN’s largest trading partner since 2009 and a decade later in 2019, ASEAN became China’s largest trading partner. In 2024, China accounted for about a fifth of ASEAN’s total (two-way) merchandise trade. The relationship has continued to evolve, particularly since the pandemic in 2020, initially due to…

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  • China’s success is due to superior competitiveness

    A recent report by the McKinsey Global Institute (MGI) on competitiveness compares China’s present and future competitiveness with that of the US and EU-27 economies. The report uses some fundamental concepts from the theory of economic growth to make its case. In addition to country level comparisons, it provides a detailed cross-country benchmarking of costs…

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  • The Indian lottery of life

    In the book ‘India on our Minds’ edited by Professor Tommy Koh and Hernaikh Singh, Singapore’s President Mr. Tharman Shanmugaratnam writes: “India has the largest unfulfilled social and economic potential of any country today” According to him, “the fundamental challenge” is the lack of jobs for young Indians and the poor quality of basic education…

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