By Rong Wang, Cuiping Zhu
Read Online or Download Annual Report on the Development of the Indian Ocean Region (2015): 21st Century Maritime Silk Road PDF
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Additional info for Annual Report on the Development of the Indian Ocean Region (2015): 21st Century Maritime Silk Road
If there is not a new concept or impetus, the regional economic cooperation of Asia in the future will likely be led by great powers outside of this region. Third, the “transport corridor” of the Great Mekong Sub-region is being pushed forward smoothly. The Great Mekong Sub-regional Cooperation (GMS) will further connect China with the ASEAN countries of Vietnam, Cambodia, Malaysia, Singapore, and Indonesia and play an important role in the promotion of MSR. GMS includes 6 member countries of China (Yunnan Province), Cambodia, Laos, Myanmar, Thailand and Vietnam with a total population of 326 million.
And both China and ASEAN will make efforts to build the upgraded version of the China-ASEAN free trade zone, which will have an exemplary effect for building the MSR. At the same time, China has participated in various cooperation mechanisms which take Southeast Asia as their core, such as “10 + 3” (ASEAN + China, Japan and Korea), “10 + 6” (ASEAN, China, Japan, Korea, India, Australia and New Zealand) and is playing an important role. Generally speaking, the regional integration is usually promoted by the great powers of the region.
1 15 The Economic Strength of China In 1999, among the 10 biggest global economies, China ranked 7th, and the rest are all developed countries. In 2014, in the 10 biggest global economies, China, Brazil, Russia and Indian took up four places, changing the economic map of Eurasia. In 2010, China became the second largest economy in the world based on market rate. 27 Therefore based on the PPP, China has surpassed the USA and ascended to the position of the largest economy in the world, which not only signiﬁes that China has become the main driving force for the economic growth of its region, but also the engine of the global economic growth to a great extent.