Making progress on a China-U.S. bilateral investment treaty is difficult. There are a variety of economic and political factors that could create setbacks, but both sides need to make a concerted effort to overcome these challenges because concluding an agreement would be in the interests of both parties and the world at large.
Prime Minister Abe’s reinterpretation of the Peace Constitution is partially the result of US pressure for Japan to contribute more to the alliance. Although, a more nuanced explanation is Abe’s realization that the United States would likely not risk war with China over territorial disputes and so he has taken the first step towards an independent defense posture for Japan.
Usni.org, the official website of US Naval Institute, has created a controversy by posting an article that says, “China sends uninvited spy ship to Rimpac” (Rim of the Pacific Exercise), writes Zhang Junshe.
President Xi Jinping’s recent trip to Latin America underscored four aspects of China’s outreach efforts to Latin America. To expand South-South cooperation, to promote multi-polarity, to hedge against risks and challenges to future development by enhancing BRICS and Latin American cooperation, and to improve the provision of international public goods.
No sooner had the dust settled from the World Cup than Brazil played host to the five leaders of the BRICS countries—Brazil, Russia, India, China, and South Africa. An immediate outcome of the Fortaleza summit was the formation of the New Development Bank, a development finance institution to rival the World Bank. The group also announced a currency reserve pool as an alternative to the IMF. Done right, both initiatives could change the institutional landscape for multilateral development financing.
As China seeks to deepen ties with Israel it also needs to balance inherent contradictions of the relationship. While the defence industry was once the cornerstone of Sino-Israeli relations, Washington’s objections have limited relations. Still, commercial and trade links are set to expand between Israel and China, raising interesting policy implications for China, Israel, and the US.
By initiating the AIIB, China demonstrates its willingness and capability to provide more public goods to the international community, writes Wu Zhenglong.
A number of lessons from World War I carry great importance for China’s future as it becomes a global power, writes Gal Luft.
Qi Jingmei reports that China’s economy is expected to continue grow in the second half of the year, possibility reaching the full year GDP target of 7.5%. Jingmei remarks on the “favorable factors” of economic growth- citing global economic recovery and central government policies, as two ways to stabilize and promote Chinese economy.
In the wake of the news that China’s economy grew 7.5% in Q2, Gordon Chang throws up the warning flags and argues that there exists a very real threat of a “Minsky moment” for China. Additionally, Chang states that the Chinese economy will more than likely continue to expand in the future, but this is not a positive sign.
Since the start of the global financial crisis and the emergence of regional trade alliances in the global economy, “a currency swap network” has emerged in financial and monetary fields.
The tragedy of flight MH17 may be a turning point for the crisis in Ukraine as international public opinion turns against Pro-Russia forces and Russia. In a world where regional conflicts are globalized, the Sino-Russian relationship could complicate relations between China and Europe, but the renewed focus on Russia may force the US to reduce strategic pressures on China.
As the United States takes action, diplomatically and militarily, in the Asian region, the US has been seen as attempting to contain China. Justin Logan assesses this claim, and introduces the idea that the United States is indeed acting to contain China not so much economically, but militarily.
After the Renminbi depreciated for five consecutive months, the market has again seen signs of a pick-up. Some analysts believe the unusual change in RMB exchange rate means the RMB has stopped depreciating and begun returning onto the track of appreciation.
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