China's economy is facing challenges such as a debt crisis, low consumption, and high youth unemployment. Despite these issues, the country has reaffirmed its commitment to opening up its economy to the world by 2025, with plans to expand systemic openness, build a market-oriented business environment, and attract foreign investment in sectors like advanced manufacturing, energy saving, and environmental protection. However, China's economic prospects may be impacted by President-elect Donald Trump's trade policies, which could lead to a decline in exports, investment, and employment due to potential tariffs on Chinese imports.
https://www.ndtv.com/world-news/despite-donald-trumps-threats-china-remains-undeterred-about-opening-up-economy-7391929Acting President Choi Sang-mok pledged to develop a new trade strategy and provide support for local exporting companies as the nation's interim chief, citing concerns over US President-elect Donald Trump's policies. He made this commitment during a New Year's event held by the Korea Chamber of Commerce and Industry in Seoul, where he met with major conglomerate leaders including Samsung Electronics Executive Chairman Lee Jae-yong, Hyundai Motor Group Executive Chair Euisun Chung, and LG Chairman Koo Kwang-mo. Choi vowed to create a "systematical counterstrategy" against the Trump administration's uncertain trade policies, while also prioritizing the protection of businesses from potential risks. He emphasized the need for the government to focus on fostering future industries such as AI and bio, and called for "courageous action" from both the government and businesses to navigate the challenges ahead.
https://koreajoongangdaily.joins.com/news/2025-01-03/business/industry/Acting-president-pledges-Trumpproof-trade-strategy-at-biz-lobby-dinner/2214973India is currently facing concerns about China's growing economic influence in the region as several countries, including Bangladesh and Sri Lanka, are negotiating free trade agreements (FTAs) with China. These countries have also expressed interest in joining the China-led Regional Comprehensive Economic Partnership (RCEP), which could further increase Chinese imports into their markets. India has been working on over a hundred connectivity projects in the region, but is concerned that Chinese goods will flood South Asian markets and undermine local economies. Despite being the top exporter to these countries, India's exports have seen slower growth compared to China's significant increase in exports to the same nations. India fears that if it pauses negotiations on FTAs with its neighbours, such as Bangladesh, cheap Chinese commodities could enter India via its connectivity projects and FTAs with neighbouring countries. To counter this, India should expedite negotiations, reduce protectionist measures, and open its markets to smaller countries while enhancing connectivity and trade with its neighbours.
https://www.ndtv.com/opinion/india-shouldnt-ignore-growing-chinese-trade-in-neighbourhood-7392121#pfrom=home-ndtv_mainnavigationIndia's trade minister expressed enthusiasm for engaging with the new US administration, citing the country's history of strengthened bilateral relations under Prime Minister Narendra Modi, who has maintained positive ties with successive US leaders including Barack Obama, Donald Trump and Joe Biden. The trade between India and the US, its largest trading partner, reached $118 billion in 2023/24, resulting in a surplus of $32 billion for India.
https://www.tbsnews.net/world/india-aims-strengthen-economic-ties-us-engage-trump-administration-1034201India's trade minister expressed enthusiasm for strengthening economic ties with the new US administration, citing a strong foundation established under Prime Minister Narendra Modi's leadership in bolstering bilateral relations with successive US administrations, including those led by Barack Obama, Donald Trump and Joe Biden. The two countries' bilateral trade exceeded $118 billion in 2023/24, with India registering a surplus of $32 billion. Industry estimates suggest that trade could grow to an additional $50 billion within the next two to three years, driven by a potential broader trade and investment pact between the two nations.
https://www.geo.tv/latest/583223-india-aims-to-strengthen-economic-ties-with-us-engage-with-trump-administrationPakistan's Minister of Economic Affairs and the US Ambassador agreed to enhance economic diplomacy between the two countries. They plan to explore joint business ventures and promote investment opportunities in Pakistan, capitalizing on its positive macroeconomic developments such as improved stability and economic indicators. This move is expected to strengthen their seven-decade-long relationship by encouraging investment in Pakistan's growing economy through regular updates on macroeconomic data for the Pakistani diaspora.
https://www.thenews.com.pk/print/1268113-minister-envoy-to-us-to-engage-pakistani-diasporaRobert St. Clair, a strategist at Fullerton Fund Management, believes that the changes to global trade flows under President Trump's first term are often underappreciated and that new potential tariffs will not significantly impact U.S. inflation or be a headwind to Asia.
https://www.cnbc.com/video/2025/01/03/potential-trump-tariffs-wont-be-significantly-inflationary-for-the-u-s-or-a-headwind-to-asia-fullerton-fund-management.htmlUS President Donald Trump is preparing for a potential trade war with China, the world's second-largest economy, amidst strained relations between the two countries that date back to his presidency. This comes as he also navigates trade tensions with Canada and Mexico, the US's largest trading partners. The tensions are reminiscent of the G-20 summit in Osaka, Japan where Trump met with Chinese President Xi Jinping in June 2019.
https://www.ctvnews.ca/world/stunning-collapse-of-house-of-assad-in-syria-underscores-volatile-landscape-awaiting-trump-1.7150245Alisher Tukhtaev, the Uzbekistan Ambassador to Pakistan, and Bakhrom Yusupov, Trade Counsellor of Uzbekistan, met with Zubair Motiwala, Chief Executive of TDAP (Trade Development Authority of Pakistan), and Sheryar Taj, Secretary TDAP at their head office in Karachi. The meeting aimed to enhance bilateral trade between the two countries. A presentation on investment opportunities and trade potential in Uzbekistan was given by the Ambassador, followed by a video showcasing these prospects. In return, Motiwala briefed the dignitaries on TDAP's operations and highlighted the importance of its official web portal, PTP. The parties agreed to increase participation in joint exhibitions and exchange trade delegations between their countries. They also discussed attending upcoming events such as the Healthcare and Engineering Show at Lahore and the Food Agri Manufacturing Exhibition.
https://www.brecorder.com/news/40340847/uzbek-envoy-trade-counsellor-meet-tdap-chief