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China

This War Turned China Into a Military Superpower

China saw the border conflict as a way to evolve the PLA from an antiquated fighting force to a modern one

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When the Sino-Vietnamese war ended on March 16, 1979, it was hardly a definite resolution of the conflict.

Both sides claimed victory, and Vietnam continued to pressure China’s allies in Cambodia and Thailand. As a result, the PLA continued to apply pressure to Vietnam by launching attacks across the Vietnamese border throughout the 1980s.

While casualties were small relative to the tens of thousands who died during the 1979 war, the regimental and divisional scale operations across the border incurred significant casualties on both sides.

Thanks to Vietnam.

Chinese operations against Vietnam in the 1980s are often divided into four phases. In the first, the Chinese and Vietnamese further entrenched their positions along the border. This lasted until 1981.

The second and third phase consisted of escalating offensive operations across the border from 1981 to 1987, gradually increasing in intensity. The last phase involved the PLA’s withdrawal from the border region.

The political objectives of the Chinese incursions were to “punish” Vietnam for its continued belligerence towards Thailand and Cambodia. Since Vietnamese troops were going into Cambodia, Chinese troops would continue to do the same. Militarily, China saw the border conflict as a way to evolve the PLA from an antiquated fighting force to a modern one, by testing new doctrines and equipment on the border.

Charlie Gao

Security, Asia

 

 

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China

Building a better Belt and Road

BRI is a collection of loans and not a basket of free lunches. Belt tightening awaits indebted countries along the road to BRI

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The Belt and Road Initiative (BRI) was originally unveiled in 2013 as ‘One Belt, One Road’. Till date, 93 countries have formally endorsed the initiative, making up 65 per cent of the global population.

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SET signs MoU with Shenzhen bourse to strengthen Thailand-China capital market

The Stock Exchange of Thailand (SET) signed a memorandum of understanding (MoU) with Shenzhen Stock Exchange (SZSE)

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SET signs MoU with SZSE to strengthen Thailand-China capital market collaboration BANGKOK, April 23, 2019 –

The Stock Exchange of Thailand (SET) signed a memorandum of understanding (MoU) with Shenzhen Stock Exchange (SZSE) to expand business opportunities for Thai and Chinese small and medium-sized enterprises (SMEs) and broaden opportunities in investment as well as promoting cross-border collaboration among the two countries.

“The MoU between SET and SZSE, spanning five years from today (April 23, 2019), marks a key milestone for SET and SZSE to foster closer collaboration for capital markets and SMEs between the two nations, reinforcing SET’s strategic plan to explore new opportunities by connecting with international partners.”

SET President Pakorn Peetathawatchai said,

Under this MoU’s strategic framework “China-Thailand SME Capital Market Service Initiative”, SET and SZSE will provide information on SMEs as well as financial markets of the two countries via online portal, and enhance “ChiNext-mai Alliance” network which aims to facilitate the communication and cooperation between companies listed on Market for Alternative Investment (mai) and ChiNext Market; to arrange business matchings and physical roadshows to promote Thai and Chinese securities’ growth potential in both countries.

Cross-border product development

The agreement also embraces cooperation for cross-border product development such as exchange-traded funds (ETFs), depositary receipts (DRs), and indices, including green finance products, among others, added Pakorn.

SZSE Executive Vice President Li Hui said,

“The SZSE and SET have maintained long-term close communication and exchanges. We will continue cooperation on the China-Thailand SME Capital Market Service Initiative jointly promoting the cross-border innovation capital formation and facilitating the economic integration and development of the two countries in 3 areas: cultivation of technology start-ups, forming an alliance for growth markets of the two countries and exploring new channels for two-way financing and investing.”

This MoU signing will broaden Thai-Chinese relations after an MoU signing in March between SET and China Economic Information Service (CEIS) of Xinhua News Agency focusing on information exchange to enhance economic and investment development in Thailand and China.

About The Stock Exchange of Thailand The Stock Exchange of Thailand

(SET) is among the most liquid exchanges in Asia, providing a full range of investment products including equities, derivatives, as well as world-class trading, post-trade infrastructure/technology services in accordance with international practice (EMEA and PFMI). Going forward, SET’s vision “To Make the Capital Market Work for Everyone” is aligned with the aim to support strong economic growth and competitiveness. Globally and regionally, SET has also actively coordinated with other exchanges to boost investment opportunities and capital market growth potential. Moreover, SET puts strong emphasis on sustainable growth by promoting listed companies’ business models that care for environmental, social and governance (ESG) practices.

About Shenzhen Stock Exchange Shenzhen Stock Exchange (SZSE), established on 1st December, 1990, is a self-regulated legal entity under the supervision of China Securities Regulatory Commission (CSRC). SZSE is committed to developing China’s multi-tiered capital market system, serving national economic development and transformation and supporting the national strategy of independent innovation. SZSE has three market segments namely Main Board, SME Board, ChiNext, serving companies of different characteristics. As of December 2018, there were 2,134 listed companies on the SZSE (ranking No.11 in the world according to WFE) with a total market capitalization of about USD 2.41 trillion (ranking No.8). The trading value is about USD 7.56 trillion for the year of 2018 (ranking No.3).

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Will Thailand’s Chinese High-Speed Railway Be Worth It?

The proposed project will connect Bangkok to Nong Khai, in northern Thailand, with high-speed rail technology imported from China

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Bangsue railway station

Since late last year, Thailand’s military government has been quietly rushing forward on its Chinese high-speed rail project, making long-held plans on the venture increasingly, irreversibly concrete.

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