China has set up three financial entities - Asian Infrastructure Investment Bank, New Development Bank and Silk Road Infrastructure Fund. This enabled the initial capital to reach US$40 billion. The One Belt One Road, expected to be completed in 2049, is envisioned as three routes connecting China to Europe, The Persian Gulf, The Mediterranean Sea and The Indian Ocean. This initiative aims to create connections among regional waterways. More than 60 countries, with a combined GDP of about $21 Trillion, have expressed interest in joining the One Belt One Road Initiative.
Malaysia has stepped up its manufacturing activities and established large-scale electronics industrial parks with a focus on investment in global product research, development and marketing. In the plan, Malaysia has established four strongest electronics parks in Asia such as Penang, Selangor and Miltimedia, Super Corridor. The establishment of large electronics industries has helped reduce Malaysia's dependence on foreigners, Upgraded domestic facilities can join the global back-up production network by linking with the world's leading manufacturing centers, thereby expanding offshore manufacturing facilities. . The competition in electronic and information technology in Asia has helped Malaysia to gain more advantage, go deeper into the global production network, and attract more capital and advanced technology to invest in manufacturing.
Over time, the New Silk Road Economic Belt and the Maritime Silk Road will be interwoven through channels like the projected China-Pakistan Economic Corridor and the Bangladesh-China-India-Myanmar Economic Corridor. (c) Currency. Ensure trade expansion by greater use of local currencies in cross-border exchange, facilitated by the growing number of currency swap arrangements between the People’s Bank of China and other national central banks. (In this regard, “one belt, one road” should reinforce Beijing’s ongoing campaign to promote renminbi as an international transactional and reserve currency.) (d) Culture.
In the past, countries sought power via military and territorial expansion in search of land and natural resources; but countries are shifting towards economic development and foreign trade (Richard Rosecrance, 1986, 1995, 1999) to achieve prominence and prosperity. The mutually beneficial relationship between Singapore and Malaysia can be seen from multitude of networks connecting the two countries to each other. A case in point is them being each other’s main trading partners, thus their bilateral trade in itself make them economically vital to one another. Furthermore, with the practice of university and sports exchange programs, as well as the Association of Southeast Asian Nations (ASEAN) scholarships to foreign students studying in Singapore, there has been increasing interactions among the youth. Not discounting the fact that thousands of Malaysians cross the border everyday to work in Singapore companies; and Singapore remaining as the top investor in Malaysia with investment projects valuing to the billions (cite).
It made Quanzhou became one of the world's largest city and also contributed to the diverse culture of the city. Song and Yuan dynasties, Southeast China is one of the most dynamic marine economic regions in Asia, Quanzhou as the center of the maritime trade connect with the Asian sea areas "Northern", "Oriental" and "Western" to achieve the connection and interaction, formed The Eastern Ocean Economic Circle.Quanzhou deal with more than 70 countries and regions, overseas traffic accessible to Japan, Arabia, East Africa and other places. Imported goods are mainly spices and drugs, while exports of silk, porcelain for the
Thailand is 1 of 10 in country member. Objective establishment Asian is a good relationship among countries in the region. ASEAN impact Thailand both good and bad because various cultures and competitive in Thailand, so that Thai adjust and prepare into ASEAN. Foreign Free trade area eliminates trade barrier, Trade of good without tax or reduce import tax, Thai have various and cheap good for shopping. Great Export and import factor.
Port Logistics has always been listed as one of the key industries to develop. The Government attaches great importance to take advantage of the port, the port seen as an important new way of making money. Singapore port is the center of the political, economic, cultural and transportation. Mainly in electronic appliances industry, oil refining and shipbuilding as the three pillars. In addition to the three pillars of the industrial sector, as well as textiles, food, transportation equipment, construction and other are more developed.
Technology advances, e.g. digitization and e-commerce in China, have brought about the needs for logistics services, including express delivery, freight forwarding and modern warehousing. Going forward and riding on these developments, Tianjin will be building more logistics facilities and infrastructure to serve North China and East Asia, thereby improving upon its position as Asia’s aviation hub and north China’s most important
All products and services are strongly linked to each other. For example, different parts of computer can be manufactured in different locations of the world and assembled in China to save cost. Both developed and developing countries such as Malaysia are cautious of its benefits not only socioeconomically but also geopolitically. Realizing this, Malaysia has started to take initiative in the globalization approach in the 21st century. For example, the export of Thai rice and sugar to Malaysia, telecommunication equipment to Vietnam, rice and vehicles including spare parts to the Philippines and electrical equipment, machinery, fruits and vegetables to Indonesia.