The number of NGOs continues to multiply worldwide, and competition for funding is intense. US-based foundations that contribute to international endeavors tend to promote human rights and democracy. But recipient programs in China are tightly monitored and controlled by the government.
“major US foundations tend to award large grants to established organizations either controlled by the Chinese government or under its influence rather than independent or grassroots NGOs.” explains Anthony J. Spires, sociology professor with the Chinese University of Hong Kong.
Government-organized NGOs, or so-called GONGOS, “can serve as tools for domestic control of new social forces while also attracting foreign funds for programs the Chinese government itself is unwilling to support,” Spires reports. China welcomes the funds from US foundations for health care, education and research, but not rapid social change that grassroots NGOs could deliver. Foundations are motivated to pursue social improvements, yet funding government programs can endorse the status quo. – YaleGlobal
How higher US bond yields will impact Asia Pacific bonds
As financial markets started pricing in stronger US economic growth and inflation because of Joe Biden’s stimulus plan, US bond yields have risen, causing ripple effects across the world, including in APAC.
Following the rise in US bond yields in response to Joe Biden’s stimulus plan and amid higher inflation in some economies, Asia Pacific bond yields have risen significantly as well, especially in Southeast Asia, India, Hong Kong, and Australia. However, Northeast Asian bond yields have risen little.
Biden recalibrates Trump’s approach to East Asia
Donald Trump seriously degraded the United States’ role in the region, helping Beijing to escalate the most hostile and confrontational US–China relationship in 50 years.
President Joe Biden has much repair and restoration work to do in East Asia. Donald Trump seriously degraded the United States’ role in the region, helping Beijing to escalate the most hostile and confrontational US–China relationship in 50 years.
US pledges to enhance cooperation with Mekong subregion’s countries
The US will bolster support for countries in the Mekong subregion through the Mekong-US partnership, US Principal Deputy Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Atul Keshap said at a recent online seminar to reveal results of a report on transboundary rivers and addressing challenges in Mekong River.
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