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Red tape warning despite booming Japan-Australia deals

Japanese investment in Australia is rising, but a new report shows data is mixed, and Australia is warned about policy uncertainty and delays in approving deals.

  • Michael Smith

Yesterday

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Turning 60 feels like 40 in Japan’s certain age crisis

Japan’s ageing population means you’re still young at 60. That’s great if you’ve just celebrated that birthday. For the country, it’s a problem.

  • Updated
  • Melanie Brock

This Month

President Joe Biden, Philippine President Ferdinand Marcos Junior, and Japanese Prime Minister Fumio Kishida at the White House.

US vows ‘ironclad’ support for Japan, Philippines against China

President Joe Biden discussed security in the South China Sea with the leaders of Japan and the Philippines at the White House.

  • Michael D. Shear

Japan is finally waking up from its lost decades. Can it last?

The country is doing defence deals and its economy is powering up. But it has a fight on its hands to keep the momentum going given its structural challenges.

  • Updated
  • Michael Smith
Real estate tycoon Truong My Lan was sentenced to death by a Vietnamese court.

Real estate tycoon sentenced to death in huge $19b fraud case

Truong My Lan started by selling perfume in a market but rose to become a billionaire real estate developer. Now she’s been sentenced to death in Vietnam’s biggest fraud case.

  • Khanh Vu
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Prime Minister Anthony Albanese with Chinese Premier Li Qiang at the Great Hall of the People in Beijing in November.

Chinese Premier Li Qiang tipped to visit Australia in June

If confirmed, a June visit by Mr Li would follow Foreign Minister Wang Yi’s visit last month and China’s decision to lift tariffs on Australian wine.

  • Michael Smith and Andrew Tillett
A South Korean woman casts her vote in Wednesday’s parliamentary election.

South Koreans vote in major test for President Yoon

Some 44 million people were eligible to vote in the election, which will determine the direction of the 300-seat National Assembly.

  • Nicola Smith
President Joe Biden, and first lady Jill Biden greet Prime Minister Fumio Kishida, and his wife Yuko Kishida, at the White House.

Australia to join stepped-up patrols in South China Sea: US

The move follows historic joint naval exercises last weekend to push back on China’s aggression in the waterway, which sparked anger in Chinese media.

  • Steve Holland and David Brunnstrom
Even Australia is not spared from China’s economic turn sharply inwards under President Xi Jinping.

What comes after the China boom for Australia?

As China and other advanced economies suffer mutual disillusionment, Australia needs to figure out how it maintains its sweet spot in China’s economy.

  • The AFR View
Sergey Lavrov and Wang Yi during their meeting in Beijing.

Russia and China look to deepen security ties

Russian foreign minister Sergei Lavrov says Beijing and Moscow have agreed to ‘start a dialogue with the involvement of our other like-minded people’.

  • Guy Faulconbridge and Lidia Kelly
China is becoming more isolationist, data shows, despite improving ties with Australia.

The data that reveals the truth about Australia’s China ties

Although Australia’s relations with China have warmed, key metrics show economic ties are at their lowest levels in more than five years and are unlikely to bounce back.

  • Michael Smith
Janet Yellen with Pan Gongsheng, People’s Bank of China governor, in Beijing on Monday.

Yellen threatens sanctions for China banks that aid Russia’s war

America’s ultimate weapon against financial institutions is the Treasury’s ability to cut off their access to US dollars, an existential threat for any bank operating internationally.

  • Christopher Condon
US, South Korean and Japanese vessels during joint exercises in the Pacific last year.

Japan’s pivot away from peace reflects new world order

Japan’s tensions with China, North Korea and Russia have accelerated its move away from pacifism and into the fold of AUKUS and other regional alliances.

  • Updated
  • Michael Smith
Janet Yellen and Chinese Premier Li Qiang in China’s Great Hall in Beijing on Sunday.

US, China need ‘tough’ conversations, Yellen tells Li

The US Treasury Secretary says Washington and Beijing have a ‘duty’ to responsibly manage their complex relationship, as she brought her case for reining in China’s excess factory capacity.

  • David Lawder
US Treasury Secretary Janet Yellen, left, shakes hands with Chinese Vice Premier He Lifeng as they arrive for a one-to-one meeting in southern China’s Guangdong province on Saturday.

Yellen calls China meetings ‘productive’, seeks level playing field

Janet Yellen said she had “productive conversations” with Chinese Vice Premier He Lifeng on the bilateral economic relationship after two days of meetings in China.

  • Updated
  • David Lawder
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Chengdu in Sichuan province: despite the building bubble, many cities are still urbanising.

Reports of China’s demise are exaggerated

The popular theory of “peak China” is based on a misreading of data. And many of its problems are more cyclical than analysts are allowing for.

  • Geoff Raby
Around 99 per cent of Australia’s solar panels come from China, despite the technology having been developed here.

Yellen says US has option to shield industries against China

‘We need to have a level playing field,’ the Treasury Secretary told reporters en route to China, where she will press counterparts on the build-up of industrial overcapacity.

  • Christopher Condon and Viktoria Dendrinou
Traffic in Hualien, Taiwan. Life begins to return to normal after Wednesday’s earthquake.

Chipmaker resumes production as Taiwan begins quake recovery

TSMC, the leading producer of advanced chips for Apple and Nvidia, has restarted operations, less than 24 hours after evacuating staff and halting work.

  • Debby Wu and Chien-Hua Wan
Prabowo Subianto, left, and Japan’s Prime Minister Fumio Kishida.

Japan, US to seek Australia’s help in bolstering Indo-Pacific defence

Japanese officials indicate Australia would have a role to play to bolster ties in the region and reduce the risk of confrontations between China and the Philippines.

  • Michael Smith
A collapsed building is seen in Hualien, eastern Taiwan on Wednesday.

Strong earthquake hits Taiwan, chip plants evacuated

The quake toppled buildings, sparked tsunami warnings and forced major chipmakers to move staff out of production centres. Four people were killed.

  • Updated
  • Betty Hou, Debby Wu and Chien-Hua Wan