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Compared with the successor arrangement to the TPP, the RCEP shows that China has gained support not only from ASEAN countries, but from some allies of the United States.

Commenting on those remarks, Lu said that none of the countries that have played up tensions in the South China Sea is within the region, adding that regional countries are working together to promote peace, stability and prosperity.

Competition will also characterize the world of cloud services in 2012 as the strategic focus shifts from building infrastructure to the creation of application platforms and ecosystems. Here the battle for enterprise platform dominance is just getting underway with established players like IBM, Microsoft, and Oracle facing serious challenges from Amazon, Google, Salesforce.com, and VMware. As evidence of this challenge, IDC expects Amazon Web Services to exceed billion in cloud services business in 2012 with Google’s Enterprise business to follow within 18 months. IDC also expects a merger and acquisition (M&A) feeding frenzy as these companies seek to gain a competitive edge. Look for Microsoft to buy a content/media cloud, like Netflix, to provide a marketplace for its apps and content. Other prime targets for acquisition include Cloud Application/SaaS companies, like Workday, NetSuite, and Taleo.

Commercial activity was also kicked up a notch thanks to the growing popularity among global audiences of livestreaming, where merchants speak in real time to promote their products and give out limited-duration coupons to entice prospective buyers.

Compared to five years ago, the average download speed of mobile broadband has increased by about six times and the fee for mobile internet has dropped by over 90 percent.