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Showing posts from March 29, 2018

China's geopolitical resurgence

Deepak Lal: China's geopolitical resurgenceBy Deepak Lal | Last Updated at December 20 2013 22:41 ISTWith its inexorable economic rise, China is seeking to change the geopolitical order - witness its ongoing confrontations in the South China Sea and on India's northern frontier. Ever since the Middle Kingdom's humiliation after the Opium Wars and the "carving up of the Chinese melon", the Chinese have sought to attain wealth and power, preserve unity, prevent chaos, and enhance international dignity. These are the components of the "Chinese Dream". What do they imply for global order?Among the plethora of books I have been reading on Chinese foreign policy for a forthcoming book on geopolitics after the global financial crisis, the best is by Edward Luttwak. The Rise of China vs the Logic of Strategy provides a framework to understand China's assertiveness. He argues that if an emerging power with a concurrent rise in its economic capacity, military…

Go Big Or Go Home - Trade Tiffs Underscore Global Economic Chess Match

https://www.forbes.com/sites/joeharpaz/2018/03/28/go-big-or-go-home-trade-tiffs-underscore-global-economic-chess-match/


Joe Harpaz ,   CONTRIBUTORI help business leaders understand the tax, regulatory and tech scene.  China's President Xi Jinping and US President Donald Trump (L-R front) shake hands during a meeting outside the Great Hall of the People in Beijing. Artyom Ivanov/TASS (Photo by Artyom IvanovTASS via Getty Images)In the U.S. business climate, where seemingly every conversation is dominated by new tech and cloud initiatives, no one talks about infrastructure unless they just arrived via LaGuardia Airport. But those pot-holed roadways, orange traffic cones, and crawling dump trucks that have become the unofficial “Welcome to New York” sign for so many travelers are symbolic of a major global trend that will influence businesses of every type in the coming months and years. Today, infrastructure is at the beating heart of several world domination strategies, and the taxe…

China can learn from Soviet approach to the law of the sea

https://www.brookings.edu/blog/order-from-chaos/2018/03/27/china-can-learn-from-soviet-approach-to-the-law-of-the-sea/
ORDER FROM CHAOSChina can learn from Soviet approach to the law of the seaLynn KuokTuesday, March 27, 2018ORDER FROM CHAOS
China’s interpretation of the law of the sea within what it claims to be its own waters has long clashed with that of maritime powers and the majority of members of the international community. The United States regularly asserts maritime rights and freedoms under its “freedom of navigation” program, much to Beijing’s chagrin.AuthorLynn KuokFormer Brookings ExpertSenior Research Fellow - University of CambridgeLynnKuokBut as other maritime powers join the United States in taking steps to defend maritime rights—a British Royal Navy warship makes its way through the South China Sea this month—it is in China’s interests to learn from the Soviet example. As the Soviet navy transitioned from a “reactive coastal fleet” to a “proactive, expansionist, blue-…

Chinese Maritime Air Force Drills Put Taiwan, US on Defensive

https://www.voanews.com/a/chinese-air-force-affects-on-us-taiwan/4320379.html
Chinese Maritime Air Force Drills Put Taiwan, US on DefensiveMarch 28, 2018 4:12 AMRalph JenningsA China-made J-31 stealth fighter (background) lands on a runway after a flying performance at the China International Aviation and Aerospace Exhibition in Zhuhai, Guangdong province, Nov. 11, 2014.TAIPEI — Chinese Air Force exercises over the contested South China Sea reflect opposition to recent U.S. naval maneuvers and an increasing wariness toward Taiwan, a self-ruled island that Beijing calls its own, scholars in Asia say. They warn of increasingly frequent drills by Beijing.The Chinese Air Force said on its website Sunday it had conducted drills in the South China Sea and part of the East China Sea near Japan’s outlying islands. It sent bombers and fighters on the mission. An aircraft carrier group passed through the Taiwan Strait last week just west of Taiwan itself, the island’s defense ministry said.China…

‘Morocco-China Silk Road Council’ to Boost Sino-Moroccan Relations

https://www.moroccoworldnews.com/2018/03/243348/morocco-china-silk-road-council-boost-sino-moroccan-relations/


ByTamba François Koundouno - March 29, 2018Rabat – Representatives of Beijing and Rabat have established a joint Morocco-China business council to promote China’s gigantic Silk Road project. The council is set to oversee and implement the regulations of the bilateral agreement that Morocco and China signed in November 2017, regarding China’s Silk Road initiative.On Tuesday this week, a Chinese delegation paid a working visit to Rabat as part of the two parties’ commitment to fostering their 2017 Beijing agreement. The Chinese delegation also took part in the China-Morocco economic forum, a business convention organized by the CGEM (Morocco’s Employers Union), in collaboration with the China Council for the Promotion of International Trade (CCPIT).The Council envisions bringing the two countries closer together, with the aim expanding and consolidating commercial exchanges. Dur…

China looks to integrate Belt & Road Initiative with Kuwait's development strategy: embassy

http://www.xinhuanet.com/english/2018-03/29/c_137072770.htm


Source: Xinhua| 2018-03-29 02:18:43|Editor: yanKUWAIT CITY, March 28 (Xinhua) -- The Chinese Embassy in Kuwait said Wednesday that China hopes to integrate its Belt and Road Initiative with Kuwait's development strategy to promote beneficial cooperation.In a lecture at the Australian College of Kuwait (ACK), Cheng Yongru, economic and commercial counselor at the Chinese Embassy in Kuwait, explained in details the concept and content of the Chinese initiative, as well as the broad prospect of the Sino-Kuwait cooperation within the framework of the initiative."Through this lecture... I would like to share and exchange with the audience some of our ideas and practices with an aim to enhance communication and promote mutual understanding," said Cheng."We also want to promote the integration between the Belt and Road Initiative and Kuwait's development strategy so as to promote mutually beneficial cooperation…

Pakistan financial woes exposing more cracks in Belt and Road?

http://www.atimes.com/article/pakistan-financial-woes-exposing-cracks-belt-road/

Pakistan financial woes exposing more cracks in Belt and Road?Key country in China’s grand plan sees finances and currency in disarray; some are blaming the Belt and Road InitiativeBy ASIA TIMES STAFFMARCH 29, 2018 3:38 AM (UTC+8)3747The China-led Belt and Road Initiative (BRI) is putting strain on Pakistan’s public finances and currency, some are saying, casting a shadow over Xi Jinping’s signature connectivity plan.Jonathan Rogers writes in The Asset on potential hiccups for the grand infrastructure scheme.“[Pakistan’s] current account worsened substantially last year on the back of a sharp increase in imports due to trade activity related to the Belt Road initiative.“This in turn has put pressure on the Pakistan rupee, which was the worst performer in the Asian currency complex last year and which has experienced downside revaluation pressure since December, with two sharp legs down met with a depletion…

The Chinese State Funds Belt and Road but Does Not Have Trillions to Spare

https://www.aei.org/publication/the-chinese-state-funds-belt-and-road-but-does-not-have-trillions-to-spare/
The Chinese State Funds Belt and Road but Does Not Have Trillions to SpareAsiaForeign and Defense Policy
Key PointsThe Belt and Road Initiative (BRI) has been primarily about construction rather than investment. State-owned enterprises account for more than 95 percent of the $208 billion in construction projects since 2014.With the BRI focused on developing countries, there is considerable commercial risk. Private Chinese firms have thus been hesitant to take on BRI projects, including investments.Much BRI construction and investment is ultimately financed by China’s foreign exchange reserves. China no longer has money to spare, and the BRI will not hit $1 trillion in value until well into the 2020s.Read the PDF.IntroductionThe Belt and Road Initiative (BRI) is characterized as an explosion of Chinese investment in Eurasian and African countries promising deals worth trillions o…