A weekly compilation of underreported events in Asia
After decades of importing and reverse-engineering Russian arms, China can now produce many of its own advanced weapons—including high-tech fighter jets like the Su-27 (model for the Chinese J-11 fighter)—and is on the verge of building an aircraft carrier.
Taiwan is preparing for the mass production of the Hsiung Feng 2E (HF-2E) land attack cruise missile (LACM) and the Hsiung Feng 3 (HF-3) anti-ship cruise missile (ASCM).
Laos, one of Asia's poorest countries, inaugurated a $1.3 billion hydroelectric dam. The dam is expected to bring in $2 billion over the next 25 years and significantly helps its economic growth. However, social and environmental problems remain outstanding.
Southeast Asian central banks consider an eventual currency convergence to strengthen economic cooperation between the neighboring nations.
In an effort to maintain strong bilateral naval exchanges, the Chinese guided-missile frigate Xiangfan made a port call to Vietnam after 10th Sino-Vietnamese joint patrol in the Beibu Gulf.
Iranian defector claims ongoing nuclear cooperation between North Korea and Iran, including North Korea technicians travelling to Iran.
After the implementation of a 70,000 yuan government subsidy, sales of Chinese electric vehicles have increased in select cities (Hefei, Shanghai, Changchun, Shenzhen, and Hangzhou).
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About the Project 2049 Institute
The Project 2049 Institute seeks to guide decision makers toward a more secure Asia by the century’s mid-point. The Institute is the only Washington-based think tank that focuses exclusively on future-oriented studies of the Asia Pacific.