A global network of similarly-structured CBDCs could ultimately facilitate lower-cost payments relative to U.S.-regulated channels, thus diminishing the power of U.S. sanctions and curbing dollar usage in cross-border trade.
The Chinese government has unveiled plans to reshape a vast array of technical standards that shape the products and services that consumers around the world rely on, but Beijing’s designs could spawn unintended consequences.
While this Chinese engagement in South Asia often targets the needs of specific countries, even states with relatively robust state institutions and civil society struggle to grapple with the implications of China’s expanded footprint.
To bolster their influence in Israel, Chinese players have leveraged local Hebrew language media to calibrate their messages for Israeli audiences.
The China-Greece relationship is characterized by a contrast between the growing negative perception of the Greek public opinion toward Beijing’s presence in the country and a Chinese media assessment consistently praising the “Sino-Greek engagement over long-term Chinese investment.”
In the very short term, the negative effects of this somewhat disorderly transition will remain most visible. However, it is difficult to distinguish between what is caused by official measures, and how much is a repercussion of the global energy shortage, reflected in price rises for coal and LNG.
China’s global footprint has expanded exponentially in recent years, becoming a source of investment for countries around the world. But notably, many nations have struggled to grapple with the accompanying implications and political risks.
Experts weigh in on whether the United States is too hostile toward China.
Chinese firms are adapting to an ever-changing business environment as Central Asian leaders and citizens demand more local job creation, value-added industry, and opportunities for skills and advancement.
Chinese leaders know that they want to discontinue the country’s existing growth model, but they haven’t yet landed on what the sustainable alternatives are. Beijing’s new common prosperity policy will only help shift domestic demand at the margins, but a full-fledged rebalancing will require a more radical transformation.