Interview with Philippe Le Corre (via Young China Watchers)
As the recent surge of investment from China has fueled heated debate in Europe, Chinese investors struggle with the challenge of becoming a part of the European corporate landscape. Young China Watchers spoke about this dilemma with Philippe Le Corre, visiting fellow in the Center of the United States and Europe at Brookings Institution, and author of a new book on "China's Offensive in Europe."
(via The Diplomat)
Berlin wants to manage the geopolitical implications and to ensure the economic sustainability of China’s pet Project.
US President-elect Donald Trump has continued branding China as a currency manipulator – accusing the country of keeping the yuan low to help Chinese exports and harming jobs in the US. But in fact China’s currently intervenes in the opposite direction to prevent a weakening of the yuan – supporting American Jobs.
Government intervention has so far averted a crisis in China’s booming property market. But local and central efforts to prevent bubbles from building up have created new risks for the economy.
Donald Trump’s election as US president has increased expectations for China to act as a responsible global power. But Beijing is unlikely to fill these expectations, and China risks being harmed by the fallout of an erratic and possibly reckless US foreign policy.
The EU should speed up negotiations about a Bilateral Investment Treaty with China. With US trade policy in limbo after the election of Donald Trump, there is an opportunity for Brussels to move ahead with Beijing.
Chinese security policy experts use potential threats to BRI projects, such as recent terrorist attacks in Central Asia, to highlight the necessity of a globalized security posture.
Donald Trump‘s election victory was met in China with a mixture of triumphalism and concern about the consequences. Trump’s win is seen as both, a victory for democracy and a symbol for the demise of the US.
Central European countries vie to position themselves as transit hubs in China’s ambitious Eurasian trade corridors. The enthusiasm is tempered by concerns that the new transportation lines will ultimately increase the region’s trade deficit with China.
Anna Wang and Matthias Stepan
China struggles to rein in the accumulation of public sector debt at the provincial and municipal level through new financing vehicles. The promotion of public-private partnerships (PPPs) will not solve the problem as long as many of the “private” partners in such infrastructure funding projects are state-owned enterprises.
Chinese media consumers turn to overseas Chinese language websites for political news beyond Beijing’s propaganda. China’s leaders fear these outlets for their open reporting, but many use them to test political proposals or to leak information about intra-party rivals. The complex imbroglio is a result of the lack of press freedom and the opaqueness of Chinese politics.
Cheap internet-connected devices made in China are becoming a major threat to global IT security. China will have to regulate the “Internet of Things” so that everyday household items cannot be used to launch cyber attacks.
European efforts to build up ASEAN as a strategic partner are thwarted by Beijing’s increasing economic and diplomatic influence on individual South East Asian governments.
China has made impressive strides to increase the coverage of social policy programs like health insurance and old age pension plans. Yet slower economic growth and China's demographic challenges might make it difficult to continue the success Story.
Several studies show the correlation between China’s growing impact on the world’s economies and political populism in the US and European societies.
China’s leaders place high hopes on the vibrancy of the economy’s service sector, but in reality it has not been able to fill the void left by the decline of manufacturing. The inability of services to pick up the slack in turn creates a temptation for the government to delay overdue structural reforms while maintaining a reliance on investment-driven growth.
At first glance, China is not a factor in this year’s US presidential election, despite Donald Trump’s occasional efforts to make it one. Yet in the toxic brew of American politics, the economic relationship with China plays a role that seems set to grow and might increasingly poison the bilateral relationship.
The Chinese leadership’s campaign against Western lifestyles flies in the face of the growing number of young Chinese who study abroad or engage in youth exchanges with Western countries.
Lecture by Kevin Rudd
China’s president Xi Jinping follows a grand strategy when he talks about a multipolar world and reform of global governance, according to former Australian prime minister Kevin Rudd. In a lecture in Berlin, Rudd described China's efforts to push for change within the United Nations or through the creation of institutions such as the Asian Infrastructure and Development Bank (AIIB). „China is in the business of changing international institutions,“ said Rudd.
Xi Jinping’s programme to reform the Chinese military has been characterized as a high-risk venture by a strongman leader and as a radical break with the past. But this dominant narrative is flawed. Xi has avoided overt confrontations, and the management of the reforms so far is in line with historical precedents.
Interview with Zhang Jieping
The online platform “Initium” is one of several media start-ups in Hong Kong that defy tighter censorship and media controls in China. Within a year it has attracted more than two million regular readers although the site quickly got blocked on the mainland. Chief editor Zhang Jieping says there’s a huge appetite for independent journalism. In this new podcast she talks about how to keep up journalistic principles in a restrictive political environment.
The International Monetary Fund’s decision to add the Yuan to its basket of Special Drawing Rights currencies honors the Chinese currency's ongoing internationalization. The Yuan will soon play a bigger role in Asia and in financial markets for development aid. But it will take much longer for it to become accepted as a reserve currency in private markets.
After decades of silence between the Vatican and Beijing, Pope Francis has reached out to China’s Communist leaders to negotiate over the status of China’s party-led state church, the ordination of priests and the appointment of bishops. But many Chinese Catholics are rightfully sceptical whether their concerns will be considered.