The BRICS bank is good news for developing countries. If done right, it could change the landscape for multilateral development financing.
An important obstacle to the escalation of tensions in the Asia-Pacific region is the position of third-party countries, including Russia, which is interested in developing relations with China and also its neighbors.
Whether shadow banking really is a danger or merely evidence of a maturing financial system depends on its magnitude and risk profile.
From a Latin American perspective, the focus of the next decade of relations with China will be on how to create even deeper, but more balanced and sustainable, forms of trade, investment, and diplomatic ties.
After the 2014 EU parliamentary elections, the sovereign debt crisis touched European bureaucrats and gained potential to reshape the direction of European politics and EU-China trade relations.
China, while a member of the Regional Comprehensive Economic Partnership, remains wary of the Trans-Pacific Partnership: it sees the TPP as an American effort to contain Chinese influence in the region.
Xi Jinping is likely to announce new multibillion deals at the upcoming BRICS summit—deals that amount to a doubling down on an already risky Chinese bet.
With Japan’s recent embrace of collective self-defense, the U.S.-Japan alliance is once again in the spotlight.
While China’s increasing regional assertiveness is bleeding over into U.S.-China relations, the two countries also have many opportunities for greater economic cooperation.
The world’s largest international maritime exercise, the 2014 Rim of the Pacific (RIMPAC) exercise, is taking place from June 26 to August 1, 2014. Twenty-three countries are participating, including the United States, Japan, Australia, and, for the first time, China.
China and the United States need a rich, intensive, strategic conversation to reach a better understanding of how they can cooperate in areas of common interest and manage successfully the differences that inevitably arise in the relations between major states.
The past two decades of Chinese growth have disproportionately benefited a small elite that has become increasingly entrenched; the next stage must focus on liberal reforms to build social capital more broadly.
While China has great ambitions in clean energy, the country is still a long way off from transitioning the majority of its power source to renewables.
The latest World Bank report predicts China will likely surpass the United States as the world’s largest economy in 2014. This report underscores the contradiction in China’s identity as a developing country.
China is unusually secure in its policy of nonintervention in the Syrian conflict. But will strong rhetoric and vetoes be enough?
Myanmar’s government needs a reform strategy that supports the financial sector’s rapid development while ensuring its stability, efficiency, and accessibility.
The BRICS group is important to China because it is the rising power’s first successful effort to build its own global network with powerful non-Western countries.
The Sino-Russian gas deal emphasizes and accelerates the fading of Russia’s until-now special relationship with the EU. The partnership between Russia and China is acquiring truly strategic depth.
As different as their economic and political systems are, China and India have much more to learn from each other’s success, and much more to gain together, in securing their shared critical sea lanes and energy supply.
Russia should not treat the post-2014 situation in Afghanistan as a potential disaster for its security in the south. Nevertheless, the coalition withdrawal from Afghanistan will force Russia to take more responsibility for regional security.