Regional Economic Integration Benefits All
Xinhua Online, China
Rocks Roil Waves for Korea, Japan Economies
William Pesek Jr.
Bloomberg News

 

 

 

 

 

 

 

 

 

 

Regional Economic Integration Benefits All

Xinhua Online
March 31, 2005

China's rapid economic development is going to deliver real benefits rather than pose threats to its Asian neighbours, including ASEAN countries and Japan.

This point was forcefully made by Long Yongtu, secretary-general of the Boao Forum for Asia, at the ninth China Daily CEO Roundtable themed "China-Asia Business Partnership: Implications for multinationals" held in Beijing yesterday.

At the conference organized by China Daily, Long pointed out that economic integration in Asia is of strategical importance for all countries in the region as well as those companies including multinationals operating in this region.

This point was also echoed by some 30 China-based chief executive officers and senior executives of leading multinationals, domestic companies and international organizations such as BASF, Shell, Pfizer Investment, BMW Group, British Airways, the Walt Disney Company, Eastman Kodak, China Unicom and Clear Media, as well as the Asian Development Bank, who attended the conference yesterday.

Click here to read further: http://news.xinhuanet.com/english/2005-03/30/content_2761266.htm

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Rocks Roil Waves for Korea, Japan Economies

William Pesek Jr.
Bloomberg News
March 28, 2005

Japan, Korea and China should be joining hands to ensure that today's rapid growth continues. They should be creating free-trade zones and a euro-like single currency. They should be building a regional bond market, linking stock markets, launching an Asian credit-rating system for debt and adopting standardized accounting. They should be working together to cool tensions with North Korea.

At a time when Asia parks hundreds of billions of dollars in U.S. Treasuries, it's mulling ways to keep its vast savings at home. Creating a regional debt market would help Asia do just that. The funds could support local entrepreneurs and help improve infrastructure. Japan also has been trying to convince Asian investors to buy more of its government securities.

Click here to read further: http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_pesek&sid=aYvbzixyvlJ4

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