China’s increasing naval power, the country having surpassed the United States as the world’s largest maritime force, is giving Beijing crucial sway in negotiations with Asian governments that dispute its claims at sea, experts say.
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In the Philippines, a country with an average of 25 typhoons per year, 21 active volcanos and regular earthquake threats, addressing natural hazards requires a whole-of-society approach.
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China continued to account for more than half of the global market, holding 56.2% of the total shipments, as the country continued the replacement cycle on an eighth-yearly basis.
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Accommodative monetary stance sustained the growth of local currency bond markets in emerging East Asia, with currencies and equity markets gaining in early November, according to the latest quarterly issue of the Asian Development Bank’s (ADB) Asia Bond Monitor.
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