Much energy has been expended on projecting the impact of the rise of Chinese economic power on its political and military might and the strategic contest with the United States. In a conflation of geo-economic and geo-strategic analysis, two camps have emerged: one warns about the consequences of the United States not conceding strategic space as Chinese economic and strategic power continue to grow; the other asserts the continuing dominance of US military-strategic and economic power as Chinese power peaks, in some scenario or another. As the nuance in Chinese diplomacy over the past week or two suggests, the geo-political and economic world would appear a tad more complex than either camp allows. » More
There is a good chance that economic jockeying between China and Russia in Central Asia will intensify in the coming months. For Russia, Chinese economic expansion could put a crimp in President Vladimir Putin’s grand plan for the Eurasian Economic Union.
Putin has turned to China in recent months, counting on Beijing to pick up a good portion of the trade slack created by the rapid deterioration of economic and political relations between Russia and the West. Beijing for the most part has obliged Putin, especially when it comes to energy imports. But the simmering economic rivalry in Central Asia could create a quandary for bilateral relations. » More
Editor’s Note: Under President Xi Jinping, China appears more aggressive and dictatorial: a worrisome combination as China’s wealth makes it more influential and helps it build a stronger military. Drawing on her piece in the latest issue of Foreign Affairs, Elizabeth Economy of the Council on Foreign Relations argues that Xi’s “China Dream” is not coming to pass: his attempt to transform the country is encountering resistance, and the resulting divisions and weaknesses are likely to limit Beijing’s influence in the years to come.
Chinese president Xi Jinping is attempting to reform—even revolutionize—political and economic relations within China as well as between China and the rest of the world. He has articulated a vision for China that is well encapsulated in his “China Dream,” or the rejuvenation of the great Chinese nation. In practical terms, this means Xi Jinping himself is at the top of a strong Communist Party, at the forefront of the political system, in command of a robust and innovative Chinese economy, and fostering an expansive foreign policy in which all roads lead to Beijing. It is a Chinese empire with socialist characteristics. » More
Regional economic cooperation in Asia and across the Pacific was developed around the idea of open regionalism and building the capacity for regional development in the global, multilateral trading system. Global institutions — the GATT and then the WTO — underpinned Asia’s confidence in deeper integration into the international economy and successful trade and industrial transformation through trade, economic reform and multilateral or unilateral liberalisation. No countries collectively have more at stake in global institutions for their economic and political security than the countries of the Asia Pacific region. » More
Procuring the Ten Thousand Swords missile system is a blunder for Taiwan; it aggravates the security dilemma between it and the PRC. For its own security, Taiwan should deter threats from the PRC by manufacturing weapons with exclusively defensive capabilities.
The Ten Thousand Swords missile, or the ‘Wan Chien’ missile, is an aircraft-launched standoff missile that creates a barrage to destroy enemy facilities such as air bases, runways and missile launching sites. Its accuracy is enhanced by radars and GPS, with a striking range of 300 kilometres. Taiwan’s Ministry of National Defense has installed the missile in 40 Indigenous Defence Fighter (IDF) aircrafts to date and intends to complete installation on all 127 IDF aircraft by the end of 2016. » More