Realising the needs of a changing economy and to secure its growth, China’s financial institutions have already started the gradual process of integration. The aim is to learn from the workings of the global financial industry and create competitive global Chinese financial institutions.
While the Chinese president’s trip concluded with a joint statement and the signing of trade and investment deals, it achieved little in terms of addressing pressing global problems and bilateral issues.
Primarily because of the uncertainties surrounding US-China relations, the Hu-Obama summit ended in a stalemate with both leaders agreeing to disagree on important matters.
The Indian Government, and the Foreign policy establishment in particular, can do more to leverage the vast collective experience of Indians in Indonesia and channel it towards the larger ends of bilateral cooperation.
North Korea’s offer of a dialogue is unlikely to elicit a positive response from South Korea which instead is militarily drawing closer to Japan to enhance deterrence.
Opening Up 2.0 – The great financial overhaul
Realising the needs of a changing economy and to secure its growth, China’s financial institutions have already started the gradual process of integration. The aim is to learn from the workings of the global financial industry and create competitive global Chinese financial institutions.