Integrity Legal

15th January 2012

It recently came to this blogger’s attention that the President of Taiwan has won his recent bid for re-election. In order to shed further light upon these developments it is necessary to quote directly from the website of Asia News Network:

Taiwan President Ma Ying-jeou yesterday defeated rivals Tsai Ing-wen and James Soong sweeping more than 51 per cent of the presidential vote. The incumbent garnered more than 6.68 million votes to win another four year term after a re-election campaign that relied heavily on its China-friendly platform.

This blogger recommends that readers click upon the hyperlinks noted above in order to gain further insight into these developments.

It is often unwise to try to analyze the politics of Taiwan especially when comparing that jurisdiction to China. However, both Taiwan and China are very important players in an increasingly expanding and broad Asian economic landscape. Therefore, to ignore either jurisdiction may be unwise.

Concurrently, it would appear as though the Mainland Chinese economy is experiencing a slowdown of sorts. To quote directly from an article posted on the website of the Thai-ASEAN News Network:

Export growth slowed to 13.4% in December compared with a year earlier, down from 13.8% the previous month, while Chinese imports grew only 11.8% over December 2010, well below the 17% consensus prediction in a Reuters survey of economists…Fourth-quarter 2011 data for gross domestic product (GDP), to be published next week, are now expected to the worst for at least two years. Economic growth may have slowed to 8.7% from a year earlier, according a survey by Bloomberg News, which reports that UBS AG estimates 7.7% growth this quarter…

Readers are strongly encouraged to read this article in detail for further information.

Although it is difficult to say for certain whether any of these forecasts will actually result in an overall slowdown of the Chinese economy this blogger merely finds it interesting to peruse Chinese trends, both political and economic, because such trends can have an impact upon the Southeast Asian region. The Association of Southeast Asian Nations (ASEAN) is becoming an increasing potent economic conglomeration especially since it encompasses dynamic economies such as the Kingdom of Thailand, Singapore, Malaysia, and Vietnam along with emerging economies such as Myanmar, Laos, and Cambodia. The “ripple effect” of the different Asian economic strategies can often lead to unforeseen consequences across the pan-Asia spectrum. In any event, simple speculation is sometimes an interesting pastime for both outsiders as well as those well versed in the multifaceted nature of Asian economics.

For information regarding legal matters in Southeast Asia please see: Legal.


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