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China’s Showcase Silk Road Summit

China certainly knows how to put on a good show. After the Beijing Olympics, the Shanghai Expo and the Hangzhou G20, President Xi’s Belt and Road Forum on 14-15 May brought together a staggering array of world leaders including Vladimir Putin, Recep Erdogan, Michelle Bachelet, Christine Lagarde and Antonio Gutteres.

Thanks to a closure of factories Beijing was bathed in sunshine and enjoyed clear blue skies. “I wish there was a summit every month” said my taxi driver.

Speaker after speaker lined up to laud President Xi’s vision for a new Silk Road. It was a ‘win-win project’ that would bring economic prosperity and ‘mutual benefit’ for all countries involved. The project would build roads, railways, ports, pipelines, energy and telecommunications infrastructure linking China to Central and South East Asia, Europe and Africa by land and sea. 

/// OP-ED
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Prospects for EU-Australia Relations

By Fraser Cameron

In the wake of President Trump’s abdication from global responsibility, the EU is seeking to deepen relations with like-minded partners such as Australia. Delegates attending the inaugural EU-Australia Leadership Forum in Sydney in early June were agreed that the two actors not only shared common values but also shared many interests including free trade, the multilateral institutions and the Paris climate change accords. There exists a rich institutional structure under-pinning the relationship but it is largely at official level and the public have little awareness of the depth of relations. Politicians and officials agree this will have to change in order to secure essential public support for future cooperation. A complication for the near future will be the impact of Brexit as politicians in London and Brussels jostle for Australia’s attention.

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asia

Asia Leads Global Growth

According to the IMF latest forecasts, Asia continues to lead global growth with the region predicted to enjoy over 5% growth in 2017 and 2018 compared to just over 3.5% for the rest of the world. This means that Asia will contribute around two-thirds of global growth thus continuing a trend of several years. The reasons for this high growth include higher external and domestic demand, rebounding global commodity prices, and domestic reforms.

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Roundtable discussion on EU and China’s Interests in the Middle East

In light of a visiting high-level delegation of Middle East experts from the Chinese Academy of Social Sciences (CASS) ,the EU-Asia Centre is organizing a roundtable on 28 June from 1230-1430 in the Press Club, Rue Froissart 95.

/// ABOUT EU-ASIA CENTRE

EU-ASIA Centre is a think tank dedicated to promoting closer relations between the EU and Asia.

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