The theme for this year’s conference focuses primarily on “digital economy” and for any economy to gain advancements; trade and connectivity with other economies is paramount.
Vietnam and China ties have witnessed ups and down in the past, but one thing has remained on a constant trend of gaining momentum and that is the trade between the two countries.
Bilateral relations between China and South Korea were booming a year ago, and China became South Korea's largest trading partner. This blossoming relationship came to a halt due to the installation of the US-made THAAD missile defense platform in South Korea.
According to a report by the RAND Corporation, “Over the past two decades, China's PLA has transformed itself from a large but antiquated force into a capable, modern military.”
China has come a long way in a very short time and the best part is that, it is predicted to go even further with the overhauling of its engine in the form of reforms and the Belt and Road initiative.