China-Asian sub-regional cooperation : progress, problems by Mingjiang Li, Chong Guan Kwa

By Mingjiang Li, Chong Guan Kwa

The GMS Cooperation; The Pan-Beibu Gulf fiscal Cooperation; Sub-regional monetary Zones in China and Implications for ASEAN-China Cooperation; ASEAN financial development Triangles; Hydropower improvement within the Mekong area; China and ASEAN family members after CAFTA; China's starting to be fiscal Gravity in Southeast Asia

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China-Asian sub-regional cooperation : progress, problems and prospect

The GMS Cooperation; The Pan-Beibu Gulf financial Cooperation; Sub-regional financial Zones in China and Implications for ASEAN-China Cooperation; ASEAN fiscal progress Triangles; Hydropower improvement within the Mekong area; China and ASEAN kinfolk after CAFTA; China's becoming financial Gravity in Southeast Asia

Extra info for China-Asian sub-regional cooperation : progress, problems and prospect

Sample text

The river was officially opened to traffic in 2001. At the eleventh GMS Ministerial Meeting held in September 2002, the GMS countries adopted a strategic framework for the GMS’s development over the next decade and agreed to give priority to the implementation of the 11 projects within the framework. The meeting also discussed and approved China’s accession to the Memorandum of Facilitation of Cross-boundary Passenger and Freight Transportation in the Greater Mekong Subregion and the Inter-governmental Agreement on Regional Power Trade in the Greater Mekong Subregion.

That gives the local governments of Yunnan and Guangxi an important role in China’s participation in GMS Cooperation. The non-sovereign status of the local government restricts their cooperation with neighboring countries to a certain degree. The neighboring countries are worried about lacking the protection of the Chinese central government for the implementation of cooperation projects because the Chinese local governments’ power in dealing with foreign affairs is limited. This affects the cooperation between Chinese local governments and their neighboring partners.

In 2004, Guangxi also joined the GMS Cooperation at the invitation of the ASEAN countries although it is not located in the Mekong River Valley. The 5+2 pattern thus took shape with the “5” referring to Lao 4 Liu Qibao, “Promote the Development and Cooperation in the Pan-Beibu Gulf to Construct the New Regional Economic Development Pattern,” speech made at the Forum on Economic Cooperation of the Beibu Gulf Rim, carried in Guangxi Daily, July 21, 2006. qxd 2/24/2011 10:25 AM Page 41 b1124 China-ASEAN Sub-Regional Cooperation Pan-Beibu Gulf Economic Cooperation 41 PDR, Myanmar, Thailand, Cambodia and Vietnam from ASEAN and “2” referring to Yunnan and Guangxi from China.

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