Carnegie Endowment for International Peace
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.
China’s presence has brought socioeconomic opportunities to Georgia, Greece, Hungary, and Romania. Yet it has exacerbated governance shortfalls, undermined elements of political and economic stability, and complicated the European Union’s ability to reach consensus on key issues.
Bangladesh, Maldives, Nepal, and Sri Lanka showcase the diversity of China’s engagement strategies in a very multidimensional region but also make clear that influencers across South Asia are learning from each other’s experiences with Chinese money and power.
Beijing is pursuing alternative cross-border payments channels built upon central bank digital currencies as a way to erode the dominance of existing arrangements that rely heavily on the U.S. dollar and U.S.-regulated entities.
The AUKUS move is likely to drive Europeans even more deeply into passivity when it comes to Indo-Pacific security matter.
Under President Moon Jae-in, South Korea has pursued closer ties with Southeast Asia and India through the New Southern Policy. How do Seoul’s priorities in the region converge with those of other actors?
Chinese mining conglomerates sought to adapt to local conditions by forging alliances with the Ecuadorian national government. But these Chinese efforts to leverage local players undercut and divided Indigenous opposition in unsustainable ways that have backfired.
The U.S.-China trade war hasn’t brought major economic wins to either country. For the United States, it may be time to focus on economic policy at home first.
China’s party state is multiplying disciplinary and regulatory actions that amount to a top down shake up of China’s urban economy and society.
China has announced that the political ideology of its president, Xi Jinping, will now be taught in schools from elementary through the university level.