Kureha Corporation in Japan illegally exported carbon fibers to a Chinese defense company through Taiwan and Hong Kong. The fibers may have been used to manufacture radar and arms for the People’s Liberation Army.
South Korea sells Jakarta three submarines worth $1.2 billion. The sale posits South Korea alongside China as the top arms exporter in Asia.
Brunei will increase its exports of crude oil to China from thirteen to sixteen thousand barrels per day in an effort to strengthen bilateral energy cooperation and investment.
Australia unconditionally grants three patrol boats to Indonesia. The boats will assist Indonesian police with intercepting human trafficking, smuggling activities, and terrorism.
In a speech to the China’s Central Military Commission in Beijing, Hu Jintao urged the Navy to prepare for military combat and advance naval modernization to safeguard national security and world peace.
Malaysia and Qatar set up a joint $2 billion investment fund to increase the volume of bilateral trade and cooperation. The money will go towards investment opportunities in Malaysia, Qatar, and the region.
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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.