A weekly compilation of underreported events in Asia.
Former Taiwanese Premier Su Tseng-chang was elected chairman of the opposition-Democratic Progressive Party (DPP) on May 27 with a majority-50.47 percent of the vote by 163,808 registered members.
On May 25, American universities sponsoring Confucius Institutes, which are backed by the Chinese government, were given reassurances by the U.S. State Department that the legal status of the institutes was affirmed and that their Chinese faculty would not have to leave America by June 30.
The Japanese government reportedly disagreed with the estimation of radiation exposure in Japan released by the World Health Organization (WHO). According to an unnamed source in the Japanese government, "the WHO estimates deviate considerably from reality," which could result in anxiety among Japanese citizens.
Indian Bharatiya Janata Party (BJP) blamed the increase in petrol price on the Congress-led United Progressive Alliance (UPA) government. In addition, the second largest constituent of the Alliance, Trinamool Congress, is opposed to the increase in oil price as well.
A recent report on economic restructuring conducted by the Vietnamese National Assembly Economic Committee suggested a shift in the country’s emphasis from state-owned enterprises to the private sector in order to boost economic growth.
According to official-Xinhua News Agency, Chinese policymakers is dealing with the current slowdown in economic growth with caution. Beijing is prioritizing growth stability and introducing more structural boosting programs to strengthen the economy (e.g. structural tax reduction policies).
Please note that the opinions expressed by AsiaEye bloggers are theirs alone, and do not reflect the official positions of the Project 2049 Institute.
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.