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Indonesian FM: China’s growth benefits Asia

Indonesian FM: China's growth benefits Asia China's rapid economic development has stimulated countries in Southeast and East Asia to improve their economy, Indonesian foreign Minister Hassan Wirajuda said here Friday. Speaking at an annual press statement event here, the minister said, "The awakening of China's economy, ranking the fifth biggest in the world, has helped provide an opportunity for East and Southeast Asian countries to take benefits to make economic progress." Wirajuda said that the cooperation between the region and China helps facilitate the economic progress and diplomatic ties.

MEDIAWATCH: Chinas aid to Asia

MEDIAWATCH: Chinas aid to Asia Theres plenty of talk about Chinese aid to Africa. But now China is quietly building up its aid influence in Asia. Its making big loans to countries that used to be the sole preserve of the World Bank, the Asian Development Bank, the United States and Japan - places like Cambodia, Laos and Myanmar. Chinese loans can more attractive than the complications and strings that come with money from the West. Western aid donors on their part complain that China is secretive about its aid projects, and that it declines to attend the traditional meetings presided

Analysis: U.N. to Central Asia cooperate

Analysis: U.N. to Central Asia cooperate UNITED NATIONS, Dec. 7 (UPI) -- The U.N. Development Program says Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan could double their incomes over the next 10 years. That is a pretty ambitious projection by the UNDP in a report released in Tokyo Wednesday on the Central Asia states. The question is how? Economic cooperation is suggested. "This report clearly identifies the immense potential economic and human benefits of regional cooperation for Central Asia and its neighbors," said Assistant Secretary-General Kalman Mizsei, UNDP Director for Europe and the Commonwealth of Independent States, in remarks prepared for release

Asias dark side threatens economic miracle

Asias dark side threatens economic miracle Billions of Asias poor including India are faring even worse in terms of health and education, a problem that could eventually undermine the regions economic miracle, the Asian Development Bank warned on Monday. The Philippines-based bank called for targetted intervention by governments with programmes for the poorest fifth of each countrys populations that yield substantial results. The report, measuring policy effectiveness in health and education, concluded that many Asia-Pacific countries would be unable to meet UN Millennium Development Goals (MDGs) targets for universal primary school enrollment and a two-thirds cut in child mortality rates. More

East Asia summit becomes an annual feature

East Asia summit becomes an annual feature The East Asia summit held in the Malaysian capital will hence forth be an annual affair to foster strategic dialogue among the member nations and to promote cooperation in security and political issues besides economic integration. The leaders of 16 nations which included the core ASEAN group have also decided to help each other in promote development, financial stability, energy security, economic integration and to narrow the development gap through technology transfer and removing infrastructure bottlenecks. To be chaired by ASEAN chairperson, the new summit will be "an open, inclusive, transparent and outward-looking forum in which