By Darryl Jarvis
This booklet explores the effect of the increase of China on South East Asia, addressing the implications for a few of Asia’s key fiscal sectors, together with academic providers, bio-technology, monetary companies, and the nutrients undefined.
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Extra resources for ASEAN Industries and the Challenge from China
Chinese cultural, language, and ethnic linkages are developing. About 15,000 Southeast Asian students were studying in China in 2004. Hundreds of thousands of Chinese tourists travelled to the region each year. Leading ofﬁcials in Thailand and the Philippines publicly highlight their Chinese ancestry (Kurlantzick, 2006). However, China’s appeal remains limited among ﬁve main culture/ religions (Islam, Buddhism, Hinduism, Western-Christian, and ChineseConfucian) in Southeast Asia. The appeal of Chinese ideology and political system is strong among some Southeast Asians but lacking among others.
Beijing’s careful responses to the crisis, including its pledges to maintain economic growth, eschew devaluation of the Chinese currency, support IMF rescue efforts, and provide supplementary support of $1 billion to Thailand, were well received in the region. Of course, it was widely known that the ﬁrst two Chinese measures were mainly for Chinese domestic purposes; and that Chinese support for IMF funding and for Thailand actually cost Beijing little (Xinhua, 1998; Kyodo, 1998). Beijing was generally discreet in reaction to anti-Chinese violence that swept Indonesia in the late 1990s.
The appeal of Chinese ideology and political system is strong among some Southeast Asians but lacking among others. g. regarding the Mekong River) and Southeast Asian labourers in enterprises unable to compete with Chinese counterparts and losing foreign investment that is gravitating to China. China’s interchange with Southeast Asia remains heavily dependent on the Chinese administration. China has little of the extensive nongovernment connections in business, education, religious organisations, and cultural exchanges built over the years by individuals from the United States, among others.
ASEAN Industries and the Challenge from China by Darryl Jarvis