Carnegie Endowment for International Peace
Now, the government should focus more on productive infrastructure investment.
All eyes will be on the China-Russia strategic partnership, but the Shanghai Cooperation Organization’s Central Asian members have greater confidence and bargaining power than ever before—and Beijing knows it.
Imports from ASEAN are still up. Why is that the case? The reason being is that you have increased investment, not just EU, U.S., and North Koreans, but Chinese investors into Southeast Asia.
Many observers posit that a stark contest between democracy and autocracy will shape the governance of technology and data. But two Asian democracies, India and Korea, are carving out distinctive paths on data policy, not just following Western or Chinese models.
Paul Haenle will sit down with Anja Manuel to examine ongoing challenges to the global rules-based order. This discussion is the second of Carnegie China's 2022 Distinguished Speakers Series and will also be recorded and published as a China in the World podcast.
In the first half of this two-part blog post, I discussed the problems affecting four rural banks in Henan and the subsequent mortgage boycott in parts of China. In the second half, I argue that these crises need to be seen not as isolated events but rather as signs of systemic problems that reveal a great deal about China’s finances and balance sheet.
Importantly, the future of large-value cross-border payments in Southeast Asia and the renminbi’s role depend in part on how Washington responds to efforts aimed at transforming local currency financial infrastructure in the region.
Despite their similarities, these South Asian states are vastly different in their approaches to debt and China.
The Chinese economy has been wracked by rural bank defaults and boycotts over mortgage payments. In the first half of this two-part blog post, I will explain these events and what they reveal about the health of Chinese markets. In the second part, I will discuss some of the crisis’s systemic implications.
To understand how Japan’s economy changes over time, it is important to differentiate the traditional, new, and hybrid parts that coexist—observers who look at only the traditional areas may conclude that very little has changed, while those more familiar with the new areas see rapid and extensive change.