A Busy Week of Diplomacy and Economic Developments
U.S.-China Relations: U.S. Secretary of State Antony Blinken will visit China, meeting with senior officials in Shanghai and Beijing. This follows Treasury Secretary Janet Yellen's recent visit, where she addressed concerns over China's industrial overcapacity and involvement in supporting Russia's military procurement.
The Philippines and the U.S. kick off their annual joint military exercises, simulating the sinking of an enemy warship and retaking territory. This exercise, known as Balikatan, aims to bolster joint operations between the two countries.
Indonesia's Election Challenge: Indonesia's Constitutional Court will rule on a challenge to Defense Minister Prabowo Subianto's victory in the presidential elections. The two losing candidates claim irregularities and have requested an election re-run.
The Standing Committee of China's National People's Congress will meet to discuss revisions to the country's anti-money laundering law, among other legislation.
Beijing Auto Show: The Beijing International Automotive Exhibition opens for the first time in four years, showcasing the latest models from local and foreign automakers.
South Korea reports its quarterly GDP growth amidst rising inflation concerns.
The Bank of Japan is expected to maintain its current policy after raising interest rates for the first time in 17 years in March. However, they may adjust inflation projections and consider reducing bond purchases to strengthen the yen.
This is just a glimpse of the major events happening in Asia this week. Stay tuned for further updates and analysis on these and other important developments.