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Asian economies inject strong impetus into global recovery

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By Xu Xiujun
The Boao Forum for Asia (BFA)’s annual conference, held from March 28 to 31 in Boao, a coastal town in China’s island province of Hainan, has attracted global attention.
As world recovery remains sluggish, Asia, the world’s most dynamic and promising region, is seeing greater endogenous growth momentum and will inject a strong impetus into the recovery of the global economy.
The BFA Asian Economic Outlook and Integration Progress Annual Report 2023 points out that as a major engine of the world economy, Asia is expected to accelerate its pace in overall economic recovery in 2023. This report estimates that the weighted real GDP growth rate of Asia in 2023 would be 4.5 percent, an increase from 4.2 percent in 2022, making it a standout performer in view of the global economic slowdown.
China will unquestionably be the largest driver of Asia’s economic growth this year. After the country optimized its COVID-19 response measures, it has witnessed a rapid recovery of its economic and social vitality.
The Chinese government has launched a series of policies that accelerated the pace of economic pickup and boosted market confidence. Many international organizations have lifted their forecast on the growth of the Chinese economy, which they believe will also spur the growth of Asia as a result.
Given the uprising of unilateralism and protectionism, the global trade dependence on Asia has remained stable overall, with trade dependence between Asian economies standing at a relatively high level.
Trade and economic relations between Asian economies have become closer with the active participation and promotion of China.
According to statistics released by the General Administration of Customs of China, the country’s total trade in goods hit a record high of 42.07 trillion yuan ($6.11 trillion) in 2022, topping the world for six consecutive years.
The Association of Southeast Asian Nations (ASEAN) remained China’s largest trading partner, with bilateral trade in goods reaching 6.52 trillion yuan, up 15 percent from a year ago. South Korea, Japan, India and other Asian economies were important trading partners of China as well.
China is accelerating the establishment of a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other. This provides new impetus and opportunities for strengthening China’s economic and trade cooperation with other Asian economies.
The country’s high-quality implementation of the Regional Comprehensive Economic Partnership also creates more dividends of institutional opening up for regional economic integration.
Last year, the 17th Group of 20 Summit and the 29th Asia-Pacific Economic Cooperation Economic Leaders’ Meeting were held in Indonesia and Thailand, respectively. This mirrored a more active leading role played by Asia in global economic governance.
In terms of trade and investment governance, Asian countries proactively safeguard multilateralism, advocate trade and investment liberalization and facilitation, support the multilateral trading system with the World Trade Organization at its core, and work for positive progress in the reform of the system.
In monetary and financial governance, Asian countries actively promote the construction of regional and global financial security networks, push for the settlement in local currency and currency swap within the region, and support the reform of international financial institutes.
With regard to improving global development governance, Asian countries have actively responded to the Global Development Initiative, promoted the high-quality development of the Belt and Road Initiative through joint efforts, and implemented the UN 2030 Agenda for Sustainable Development, to steer global development toward a new stage of balanced, coordinated and inclusive growth.
It is the solidarity and cooperation between Asian countries and their peoples that leads Asia to prosperity. The “Asian Miracle” calls for the endogenous impetus of Asia’s development. As the largest Asian economy, China will continue providing new opportunities for the continent’s progress with its own development.

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Kwara: Ifelodun Travellers Transport System Revived

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  • As Council Signs MoU With P&A Contract Ltd

Stephen Olufemi Oni, Ilorin

The Ifelodun local Government, under the leadership of Hadji Abdulrasheed Femi Yusuf, has signed a Memorandum of Understanding (MoU) with P & A Contract Limited for the construction of a modern motor park in Amoyo, as the Council moves to revive the Ifelodun Travellers transport system and improve transportation within the Local Government.

Speaking during the MoU signing ceremony at the Council s Contact Office in Amoyo, the Chairman explained that the decision to construct the motor park was driven by the need for Ifelodun Local Government to establish its own transport identity, intended to ease people’s transportation problem.

He recalled that residents travelling to and from Ifelodun had, over the years, relied on transport facilities at Offa Garage and Maraba in Ilorin, stressing the need to create a dedicated transport hub that would serve the people of the Local Government.

“At some point in the history of Ifelodun Local Government, we had Ifelodun Travellers, which does not exist anymore. I don’t think there is anything wrong with bringing that identity back to the limelight. Now, we want to add value to that identity,” the Chairman said.

He added that the Council was also working with relevant stakeholders to bring in 10 units of Korope buses, which would commence operations as soon as possible.

“We are working with the NURTW, Kwara State Chapter, for guidance and to ensure that the operation runs smoothly,” he added.

The Supervisory Councillor for Works and Infrastructure Development, Mrs. Kolo Rebecca, explained that the proposed park would feature several amenities, including a garage, warehouse, 100-unit shopping complex, parking spaces and general toilets.

She said the facilities were designed to boost economic activities, improve the image of the Local Government and provide a more convenient transportation system for residents.

According to her, the initiative is also in line with the efforts of the Kwara State Governor, Mallam AbdulRahman AbdulRazaq, to take governance and development directly to the grassroots.

The contractor, Mallam Jimoh Toheeb Abolore, assured the Local Government of the prompt execution of the project, promising that the construction would meet the required standards and contribute positively to the image and development of Ifelodun Local Government.

Those in attendance included the Vice Chairman, Hon. Nike Ajibola; Secretary to the Local Government, Dr. Kamil Akorede; DPM, Mallam Ayinde Salman; LGT, Mallam Usman Waheed; Chief of Staff to the Chairman, Chief Ademola Zubair; Head of Works, Engr. Awodi Muhammad; Land officer, Tola Kadir and other Special Assistants.

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Lawyer Demands Release of Detained Kano Blogger, Maryam Shehu

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By Hassan Agboola

A lawyer and human rights activist, Hamza Nuhu Dantani, has called for the immediate release of Kano-based blogger, Maryam Shehu, who he said has been in the custody of the Economic and Financial Crimes Commission (EFCC) for almost 30 days.

Dantani, in a statement on Monday, said the prolonged detention of Shehu was becoming difficult to reconcile with the rule of law and provisions of the 1999 Constitution, particularly her fundamental right to personal liberty.
He questioned why Shehu should remain in detention for nearly 30 days, particularly over an offence he described as ordinarily bailable.

“How on earth can a person be detained for almost 30 days and counting, particularly in relation to an offence that is ordinarily bailable, without meaningful consideration of her liberty and constitutional rights?” he asked.
Dantani said the EFCC’s powers to investigate did not give the commission the right to detain a suspect indefinitely, punish her before trial or disregard her fundamental rights.

He also criticised the alleged practice of photographing persons in EFCC custody and publishing their images online while they remain presumed innocent.
Citing Section 36(5) of the Constitution, Dantani said the law guarantees the presumption of innocence until a suspect is proven guilty by a competent court.

He warned that publicly portraying suspects as criminals before trial could amount to subjecting them to public punishment and humiliation.
“The EFCC is a law-enforcement institution. It must therefore be the first institution to demonstrate obedience to law. It cannot demand respect for law from citizens while appearing to disregard constitutional safeguards itself,” he said.

Dantani urged the commission to either charge Shehu before a competent court if it has credible evidence against her or release her immediately
.
“We call on EFCC to respect the Constitution, respect presumption of innocence and respect fundamental right to personal liberty. Investigation is not conviction. Detention is not punishment. And an allegation is not guilt,” he said.

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Cristiano Ronaldo’s Comment on Lionel Messi’s Tribute to His Dad Becomes Most-Liked Instagram Comment

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By Fabian Apechihin

Cristiano Ronaldo’s heartfelt message to Lionel Messi following the death of his father, Jorge Messi, has reportedly become the most-liked comment in Instagram history.

Jorge Messi died on August 7 in Rosario, Argentina, aged 68. Five days later, Messi paid tribute to his late father in an emotional Instagram post featuring a photo of the pair.

In the post, Messi wrote, “Te amo, pa” — meaning “I love you, Dad” — alongside a lengthy tribute reflecting on his father’s influence and the pain of losing him.

Among the many reactions from fans, celebrities and fellow footballers was a message from Ronaldo.

“Un abrazo enorme para ti y los tuyos en estos duros momentos, Leo. Mucha fuerza,” Ronaldo wrote, which translates to: “A huge hug to you and yours in these tough times, Leo. Much strength.”

Ronaldo’s comment reportedly attracted more than 6.86 million likes and over 86,000 comments, making it the most-liked comment on Instagram.

The previous record was also held by Ronaldo, whose comment on Kylian Mbappé’s announcement of his move to Real Madrid reportedly received more than five million likes.

Other football stars also expressed their condolences to Messi. Neymar Jr.’s message, translated as “Much strength for you and your family. Big hug,” reportedly received more than 1.6 million likes, while David Beckham’s comment expressing support for Messi and his family attracted more than 300,000 likes.

In his tribute, Messi described his father’s death as difficult to comprehend, saying he struggled to accept that he would no longer see or speak with him.

Messi also recalled how his father had encouraged him to play at the 2026 World Cup despite his deteriorating health. He said his father had hoped to watch him compete and had planned to travel if his condition improved.

According to Messi, he had promised his father that Argentina would reach the final so he could be there. Although Argentina reached the final, his father was unable to attend.

Reflecting on the loss, Messi said he had wanted to win the tournament and bring the trophy to his father but ultimately struggled physically during the competition.

The emotional tribute highlighted the close bond between Messi and his father and the profound impact of his loss on the football superstar.

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