But there was no local governance. There was no opportunity to participate. And what Afghans really wanted after all these years was really a chance to participate and they were never given that opportunity.
It’s the essential ingredient for Taipei to achieve its economic diversification goals.
Beijing sees the Ukraine crisis as its opportunity to gain influence over financial markets.
Despite close economic ties with Russia, not a single Central Asian country has endorsed President Vladimir Putin’s war against Ukraine.
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.
Three months after the Biden-Xi summit, the two sides’ divergent framings of the bilateral relationship are hindering progress.
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.