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ASEAN STOCK WATCH Asean Affairs  10 December 2012

China, ASEAN and Investing in 2013

China will continue to develop the economic ties with ASEAN, as its incoming president, Xin Jinping, takes power in March.

ASEAN remains China's most important trade partner, yes, more important than the USA. ASEAN is about twice the size of the USA and has a GDP that is the fastest growing in the world, ASEAN shares borders with China and there will be a surge in trade and economic co-operation over the next decade as FTA's like AFTA, CAFTA, ASEAN + 3 and ASEAN +6 start to accelerate growth.

ASEAN based economist Shayne Heffernan said " as 2013 approaches it is clear Japan, Europe and the USA will make this the year of printing money, that money will find its way to ASEAN as investors seek inflation protection and security.

ASEAN has been among the top destinations for Chinese companies. Bilateral trade jumped to $292.78 billion in 2010 from $7.96 billion in 1991, according to Xinhua, the Chinese state media. The two economies seek to achieve $500 billion in trade by 2015, through a free-trade pact that was signed in 2004 and was implemented in 2005, according to a report by China Daily.

China confirmed its economic strength on Sunday with the release of some economic figures. Its National Bureau of Statistics announced that there was a double-digit increase in production at factories, workshops and mines for the first time since March, suggesting that the world’s second-biggest economy is weathering the effects of global slowdown.

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Shayne Heffernan has put forward ASEAN as the premier destination for investment for the next decade.

“China needs to make a good relationship with Asean. Since 2000, China has seen Asean as one potential trading bloc,” Richard Tan, executive board chairman at the Indonesian Chinese Entrepreneur Association said on Friday.

“It shook hands with Asean for a free-trade pact before Asean had set up one with Japan and Korea,” he spoke after a seminar attended by Indonesian graduates of Tsinghua University in Beijing at the Borobudur Hotel.

China Daily reported on Sept. 22 on its website that Xi, in addressing the annual China-Asean Business Investment Summit in Nanning, Guangxi province, wanted a stronger trade and economic relationship between China and the Association of Southeast Asian Nations despite a dispute over territorial claims in the South China Sea. Asean’s 10 members are Indonesia, Thailand, Vietnam, Malaysia, Singapore, the Philippines, Brunei, Cambodia, Laos and Myanmar.

Richard was confident that the rising tension would not derail China’s intention to forge a stronger economic tie with the bloc. The Philippines and Vietnam protest intrusions by China into areas that the two nations claim are part of their territories.


Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager

Live Trading News
Thomson Reuters
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Heffernan Capital Management
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Heffernan Shipping

Member
Chinese Society of Economists
American Economic Society
 
Linda Johnson, Business Development Director - Private Client Group, Heffernan Capital Management
Sales@Heffcap.com
 
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408 Fax: +65 6329 9699
Email : info@heffcap.com
 
 
New York 347 5th Avenue, Suite 1402-508 NY, NY 10016

Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager

Live Trading News
Thomson Reuters
Knightsbridge Law
Heffernan Capital Management
HCMMedia
Heffernan Shipping

Member
Chinese Society of Economists
American Economic Society
 
Linda Johnson, Business Development Director - Private Client Group, Heffernan Capital Management
Sales@Heffcap.com
 
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408 Fax: +65 6329 9699
Email : info@heffcap.com
 
 
New York 347 5th Avenue, Suite 1402-508 NY, NY 10016


 


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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

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