Beijing sees the Ukraine crisis as its opportunity to gain influence over financial markets.
Everyone presumes that China is the senior partner and Russia is the junior. That’s intuitive. But Beijing is now carrying a hell of a lot of freight for Moscow.
Even though the U.S. economic role in Asia is growing in absolute terms, it is receding in relative terms, which means that, to lead, Washington should be leaning harder on the other traditional pillar of its economic leadership, which was to be a rule writer and standard setter.
China may study the new sanctions toolkit U.S. has rolled out against Russia both to figure out how not to become a target and to use as tools to coerce other players in the future.
Beijing’s strategy has been more supple in the past, so its evolution suggests that it has dramatically leaned toward Moscow.
Since the coronavirus outbreak of early 2020, and even more since early 2021, China has maintained restrictive policies for the public budget, credit and interest rates. There may therefore be more margins for government action and support to the economy than generally recognized.
Congress should take the strongest aspects of the House and Senate bills to build a new tech directorate.
The meeting was quite significant but it wasn't a crossing of a threshold. The meeting was really a natural evolution of where the China-Russia relationship has been going in the last decade, but especially since 2014 and especially because of the Putin-Xi relationship
A lively discussion of powerful similarities and intriguing differences across four regions—Southeast Asia, Latin America, Central Asia, and South Asia—and what can be learned by comparing local strategies and Chinese responses around infrastructure, investment, and training.
Chinese economic players in Myanmar initially relied on ties to the government and ruling elites. Faced with controversy, they turned to actors that local communities trust and listen to as de facto partners and informal advisers.