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  • Author: Justyna Szczudlik
  • Publication Date: 03-2018
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: In his first term, Chinese leader Xi Jinping abandoned Deng Xiaoping’s foreign policy dictum of “keeping a low profile.” But China’s activism in the middle of Xi’s first term was still more reactive than creative. However, in the last two years a new phase of diplomacy has emerged, in which all actions are subordinated to China’s unchanging strategic foreign policy goal of regaining its superpower status. This means that China strives to enforce change in the global system, which is dominated by the West.[1] The PRC is already trying to introduce new standards for international relations and promotes its values and principles more aggressively worldwide. There are already examples that Xi is effectively implementing his ideas.
  • Topic: International Affairs
  • Political Geography: China
  • Author: Derek Scissors
  • Publication Date: 07-2018
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: China is investing much less in the US than it did just a year ago. It has never invested much in the Belt and Road. Yet China’s global investment spending remains healthy, with impressive diversification across countries and the reemergence of private firms.
  • Topic: International Political Economy, International Affairs
  • Political Geography: China
  • Author: Jyrki Kallio
  • Publication Date: 08-2018
  • Content Type: Policy Brief
  • Institution: Finnish Institute of International Affairs
  • Abstract: Xi Jinping Thought is aimed at guiding China both domestically and internationally. The goal is China’s national rejuvenation, which will break the global dominance of Western civilization. The revival must allegedly be led by a strong ideology guided by a strong and charismatic leader: Xi Jinping. Based on the ancient Chinese ideal of “great unity under Heaven”, Xi’s long-term goal for China is the creation of a “community of a common destiny for Mankind”. So far, this idea has no concrete manifestations on the global scale. Through the Belt and Road Initiative, China is building a regional community of common destiny in Central and Southeast Asia. This is both an indirect challenge to the existing “Western” system, and a step in delineating China’s sphere of influence.
  • Topic: International Affairs
  • Political Geography: China
  • Author: François Godement
  • Publication Date: 03-2017
  • Content Type: Policy Brief
  • Institution: European Council On Foreign Relations
  • Abstract: Xi Jinping took a bold stance at this year's Davos summit, claiming that China could be the leader and protector of global free trade. However, he fell short of pronouncing the same commitment to the international order. • While China finds little to criticise in globalisation, which has fuelled its rapid economic rise, it has an uneasy relationship with the international order, picking and choosing what parts of it to engage with. • China's governance model at home is fundamentally at odds with the liberal international order. Whether in climate talks, international arbitrations, or on the topic of open markets, China resists any parts of the order that infringe on its sovereignty. • Facing an increasingly interest-driven China, and a US in retreat from the international order, the EU must stand by its values if it wants to protect them. Faced with Donald Trump, Xi has sent a clear message about his country's commitment to internationalism. The EU should hold China to its word on this.
  • Topic: International Relations, International Political Economy
  • Political Geography: China
  • Author: Catherine S. Panaguiton
  • Publication Date: 03-2017
  • Content Type: Policy Brief
  • Institution: Council on International Policy (CIP)
  • Abstract: Chinese incursions in disputed waters in the SCS and WPS started from as early as the 1950s. However, they were scant and far in between. As decades passed, Chinese surveillance and incursions and the incidents between PRC, RP and Vietnam have increased in these areas. Rapid reclamation activities by PRC and the construction of installations on them (many of which are of a military nature)7, amidst protests by its neighbors (including the Philippines) and claimant states, have likewise increased the tensions.
  • Topic: International Law, Peace Studies
  • Political Geography: China, Philippines
  • Author: Zahid Hussain
  • Publication Date: 06-2017
  • Content Type: Policy Brief
  • Institution: Institute Français des Relations Internationales (IFRI)
  • Abstract: The CPEC is a nodal part of China’s larger Belt and Road Initiative that envisages connecting China to Europe, the Middle East and Africa. As part of the project, Pakistan welcomes investments worth tens of billions of dollars for infrastructure and power sector development at a time when it desperately needs foreign investment to boost its fledgling economy. The addition of an expected 10,000 MW of electricity to the national grid by end 2018 will help overcome energy shortages and give a major boost to the economy. Similarly, the development of roads and other transport infrastructure will also improve connectivity inside the country as well with other neighboring countries in the future. The connectivity part of the project could actually become a game changer for Pakistan
  • Topic: International Relations, International Affairs
  • Political Geography: Pakistan, China
  • Author: Anaïs Marin
  • Publication Date: 06-2017
  • Content Type: Policy Brief
  • Institution: Institute Français des Relations Internationales (IFRI)
  • Abstract: Since they signed a “comprehensive strategic partnership” agreement in 2013, military-industrial cooperation has intensified, thereby substantiating Belarusian hopes for closer ties with China, which are meant to counterbalance Minsk’s complex relations with Moscow and Brussels. In the eyes of its Chinese partners, however, Belarus seems to enjoy only limited appeal compared with other central and eastern European (CEE) countries, which are more advanced on the road to economic transformation and better integrated into the global system
  • Topic: International Relations, Defense Policy, International Affairs
  • Political Geography: China
  • Author: Bobo Lo
  • Publication Date: 04-2017
  • Content Type: Policy Brief
  • Institution: Institute Français des Relations Internationales (IFRI)
  • Abstract: The influence these great powers exert, on themselves and others, is uneven and difficult to predict. Alongside a public consensus on a “democratic world order”, there are significant differences of perspective and sometimes conflicting interests. It is far from clear whether the Russia-China-India matrix can form the basis of an emerging network of cooperation, or whether its contradictions foreshadow an increasingly problematic engagement.
  • Topic: International Relations, International Security
  • Political Geography: Russia, China, India
  • Author: Françoise Nicolas
  • Publication Date: 03-2017
  • Content Type: Policy Brief
  • Institution: Institute Français des Relations Internationales (IFRI)
  • Abstract: Ethiopia seeks to replicate the experience of East Asian countries such as Taiwan, Malaysia, or China and to attract foreign direct investment (FDI) in order to accelerate the development of its manufacturing capacities (in particular through an ambitious industrial Park – IP - development program and the acceptance of foreign-owned Special Economic Zones - SEZs). On the other hand, China looks to export its development model (including SEZs), to delocalize its most labor-intensive activities, and to promote connectivity between Asia and the African continent. In this context, the Chinese government identified SEZ projects in 19 countries – including one in Ethiopia (the so-called Eastern Industry Zone - EIZ), located in Dukem some 30 kilometers southeast of Addis Ababa. Today, China is by far the leading foreign direct investor in the country. In addition to the Chinese-owned EIZ in Dukem, Chinese investors are also present in privately-run SEZs that are not part of the Chinese Ministry of Commerce (MOFCOM) strategy, as well as in government-led IPs and outside SEZs or IPs. Lastly Chinese firms are also extremely active in all kinds of infrastructure development thanks to Chinese funds.
  • Topic: International Political Economy, International Affairs
  • Political Geography: China, Ethiopia
  • Author: Natalie Pretzer-Lin
  • Publication Date: 03-2017
  • Content Type: Policy Brief
  • Institution: EastWest Institute
  • Abstract: On March 13, 2017, the EastWest Institute (EWI), in concert with the China Institutes of Contemporary International Relations (CICIR), convened the first ever conference on prospects for infrastructure cooperation between the United States and China. This conference, held in Beijing, brought together a U.S. delegation comprising investment and infrastructure experts—some of whom have advised the Trump administration on infrastructure—with Chinese counterparts from a number of private sector and state-owned enterprises. Discussion throughout the conference focused on the policy priorities of the Trump Administration; the Trump administration’s vision for the development of U.S. infrastructure; the current state of U.S.-China relations; and opportunities, challenges and recommendations for U.S.-China infrastructure cooperation.
  • Topic: International Affairs
  • Political Geography: China, America
  • Author: Stephan Klose, Astrid Pepermans, Leia Wang
  • Publication Date: 11-2017
  • Content Type: Policy Brief
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: China’s 19th Party Congress unexpectedly amended the party’s constitution with a pledge to “pursue the Belt and Road Initiative”. This further elevates the status of president Xi’s heavily promoted foreign policy, which aims at creating trade and investment opportunities through the development of Eurasia’s continental and maritime infrastructure. As the implications of this policy are increasingly felt across Europe, following years of growing Chinese investments, so are the challenges it presents to Europe’s unity, prosperity and security. In light of these challenges a constructive engagement with China’s Belt and Road Initiative (BRI) constitutes an immense task for the European Union, whose position has been weakened by growing dissent among member states over the Union’s policy towards China.
  • Topic: International Affairs
  • Political Geography: China, Europe
  • Author: Ceasar Cheelo, Pamela Nakamba-Kabaso
  • Publication Date: 09-2017
  • Content Type: Policy Brief
  • Institution: Zambia Institute for Policy Analysis and Research (ZIPAR)
  • Abstract: At a glance, China and Zambia – just like China and Africa – are strikingly different in many ways. They followed markedly different paths to development. They achieved significantly divergent trade and development results. However, they also have many striking commonalities, including a shared long history of developmental cooperation and relations. But, what are the lessons of China-Zambia relations for Zambia’s developmental goals and aspirations, including those in the Vision 2030?
  • Topic: International Relations
  • Political Geography: China, Zambia
  • Author: Céline Bak
  • Publication Date: 03-2016
  • Content Type: Policy Brief
  • Institution: Centre for International Governance Innovation
  • Abstract: On the way to Washington, DC, for a September 2015 visit, Chinese President Xi Jinping stopped in Seattle, WA, to sign an agreement aimed at combatting climate change by increasing the business ties between Chinese and US clean technology companies (South China News 2015). Five US states signed the agreement on commerce between China and clean-tech businesses from California, Iowa, Michigan, Oregon and Washington. On the same day, Bill Gates’s energy company, TerraPower, signed an agreement with the China National Nuclear Corporation for joint cooperation on next-generation renewable and fusion nuclear power. In early 2015, Malaysia’s sovereign wealth fund invested in General Fusion, a Canadian company based in Vancouver, to advance its energy innovation.
  • Topic: Climate Change, Energy Policy, Environment, Science and Technology, Treaties and Agreements, Nuclear Power
  • Political Geography: China
  • Author: Wei Wang, Gemma Estrada, Jurgen Conrad, Sang-Hyop Lee, Donghyun Park
  • Publication Date: 05-2016
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: As demand from global markets declines, slowing exports of manufactured goods from the People's Republic of China means the country must increasingly rely on domestic markets for growth. Unlike manufactured goods, services—those "intangible" products that include everything from transportation to scientific research to real estate services—are geared more toward domestic markets. Services, then, will be key to the rebalancing process. However, while the service sector has grown rapidly in the PRC, it continues to lag behind other countries at similar stages of development. In addition, the sector is dominated by traditional low-end types of services, rather than knowledge-intensive services. Heavy regulatory burdens, barriers to trade in services, and an unfavorable policy environment have been major obstacles to upgrading the sector and improving its competitiveness. Policy reform should focus on strengthening competition to raise productivity, with the goal of increasing not only the number of jobs and contribution to GDP, but also of positioning the service sector to compete internationally and spur export growth.
  • Topic: International Trade and Finance, Markets, Political Economy, Reform, GDP
  • Political Geography: China
  • Author: Vinod K. Aggarwal
  • Publication Date: 03-2016
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: The rise of a multiplicity of diverse bilateral free trade agreements (FTAs) has led countries to pursue mega-FTAs to manage the growing complexity of global trade arrangements. The US and China are promoting rival accords: the Trans-Pacific Partnership (TPP), which would encompass 800 million people and almost 40 percent of global GDP, is a centerpiece of the Obama Asia Pacific strategy. The Regional Comprehensive Economic Partnership (RCEP) would account for 30 percent of global GDP, with a population of over three billion people, creating the largest FTA in the world. TPP advocates assert that it will strengthen the US’ strategic role in the region, in part by countering China’s membership in the RCEP. These claims, made in response to growing skepticism in the United States about the value of liberalized trade, overemphasize the TPP’s strategic value. At the same time, projecting the economic impact of the TPP is thorny, given the deal’s scope and the diversity of countries involved.
  • Political Geography: China
  • Author: Wei Wang, Gemma Estrada, Jurgen Conrad, Sang-Hyo Lee, Donghyun Park
  • Publication Date: 05-2016
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: As demand from global markets declines, slowing exports of manufactured goods from the People's Republic of China means the country must increasingly rely on domestic markets for growth. Unlike manufactured goods, services—those "intangible" products that include everything from transportation to scientific research to real estate services—are geared more toward domestic markets. Services, then, will be key to the rebalancing process. However, while the service sector has grown rapidly in the PRC, it continues to lag behind other countries at similar stages of development. In addition, the sector is dominated by traditional low-end types of services, rather than knowledge-intensive services. Heavy regulatory burdens, barriers to trade in services, and an unfavorable policy environment have been major obstacles to upgrading the sector and improving its competitiveness. Policy reform should focus on strengthening competition to raise productivity, with the goal of increasing not only the number of jobs and contribution to GDP, but also of positioning the service sector to compete internationally and spur export growth.
  • Topic: Economics, Markets, Reform, GDP
  • Political Geography: China
  • Author: Yang Jiang, Aki Tonami, Adam Moe Fejerskov
  • Publication Date: 11-2016
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: China actively seeks to expand its overseas investment in critical infrastructure. This involvement makes host countries uneasy especially in the West, even though financial benefits sometimes override broader national interests and security issues. China’s attempts to invest in overseas critical infra- structure, defined as infrastructure closely related to sovereignty and national security, has become a sensitive issue to host country governments parti- cularly in the West. They fear that Chinese investment in nuclear and telecommunications infrastructures entails consequences for nuclear security and safety and information security respectively. This policy brief provides an overview of how various countries have received Chinese interest in nuclear power and telecommunications.
  • Topic: International Political Economy, International Security, Nuclear Power, Geopolitics
  • Political Geography: China, Global Focus
  • Author: Maaike Okano-Heijmans
  • Publication Date: 11-2016
  • Content Type: Policy Brief
  • Institution: Clingendael Netherlands Institute for International Relations
  • Abstract: Today’s uncertainty in cross-Strait relations is not without consequence for third parties that maintain ties with both China and Taiwan. To what extent does (and should) the situation also impact on EU’s trade diplomacy with both sides? This policy brief argues that under today’s circumstances, the cold peace in cross-Strait relations is reason to tread carefully — and to stay on course. The May 2016 inauguration of the Taiwanese government led by Democratic Progressive Party (DPP) leader Tsai Ing-wen placed a big question mark over the future of cross-Strait relations. Within weeks, Beijing had unilaterally imposed a freeze on (semi-)official talks until the new Taiwanese President acknowledges the so-called 1992 Consensus. While confirming its ‘one China’ policy, the EU may contribute to the stability of cross-Strait relations by being a partner in China’s economic reform and by negotiating EU–China and EU–Taiwan investment agreements in parallel. In this policy brief author Maaike Okano-Heijmans builds on discussions during the 13th Symposium on ‘Sino–EU Relations and the Taiwan Question’, which was held in Shanghai from 9–11 October 2016 and in Taipei from 12–14 October 2016. These second-track dialogues were supported by the Friedrich Ebert Stiftung, the Shanghai Institute of International Studies and the Taiwanese Ministry of Foreign Affairs.
  • Topic: International Relations, Foreign Policy, Diplomacy, International Political Economy, International Trade and Finance
  • Political Geography: China, Taiwan, European Union
  • Publication Date: 01-2016
  • Content Type: Policy Brief
  • Institution: Japan Institute Of International Affairs (JIIA)
  • Abstract: The rise of emerging countries, above all the precipitous rise of China, is a key driving force behind changes in international relations on a global scope. This does not mean, however, that China is taking over the reins of “hegemony” from the US and building a new international order centered on China and other emerging countries, i.e., that a clear-cut “power transition” is underway.
  • Topic: International Relations, International Affairs
  • Political Geography: China, America
  • Publication Date: 01-2016
  • Content Type: Policy Brief
  • Institution: Japan Institute Of International Affairs (JIIA)
  • Abstract: Among the most significant variables defining trends in the international order and the international environment surrounding Japan are domestic circumstances in China and its foreign policies prescribed by them. China ranks highest among the emerging powers that have rapidly increased their presence within the international community over a short period and is, from Japan’s standpoint, simultaneously a real threat to Japanese security in the East China Sea and Japan’s largest trading partner.
  • Topic: International Relations, International Affairs
  • Political Geography: China
  • Publication Date: 01-2016
  • Content Type: Policy Brief
  • Institution: Japan Institute Of International Affairs (JIIA)
  • Abstract: Two of the most important variables influencing trends within the international order are the domestic circumstances within the US and China and the foreign policy shifts stemming therefrom. An element of equal or perhaps even greater significance is the nature of relations between these two major powers.
  • Topic: International Affairs
  • Political Geography: China, America
  • Author: Mathieu Duchâtel, François Godement
  • Publication Date: 11-2016
  • Content Type: Policy Brief
  • Institution: European Council On Foreign Relations
  • Abstract: In September 2016, Russia held joint naval manoeuvres in the South China Sea with China, bringing some of its best ships to the party. Two weeks later, China shied away from joining Russia in a veto of yet another Western resolution on Syria at the UN. The discrepancy sums up the extent and the limits of the strategic convergence between both countries. The “axis of convenience” between China and Russia has, without question, grown larger. And the positive dynamics pushing cooperation forward are largely economic. But there is also a negative dynamic, coming from the West. Both countries have a perception of regime insecurity that emerges from the international promotion of democracy, and the attractiveness of corruption-free and comparably safe Western societies for individuals, be they Chinese or Russian.
  • Topic: International Political Economy, International Affairs
  • Political Geography: Russia, China
  • Author: Mathieu Duchâtel
  • Publication Date: 10-2016
  • Content Type: Policy Brief
  • Institution: European Council On Foreign Relations
  • Abstract: International terrorism has emerged in recent years as a direct threat to Chinese nationals living overseas. As China's footprint becomes increasingly global its exposure to the risk of terror attacks has increased too. China’s approach to international terrorism is becoming militarised. This trend has the potential to accelerate if Chinese nationals are victims of new attacks overseas. Although China is an active and responsible player in the UN with clearly expressed priorities and an interest in protecting its citizens overseas, it is not taking a strong role in leading and shaping the UN’s counter-terrorism agenda. The EU should take stock of the ongoing transformation of China’s approach to explore a modest upgrade of its current policy of cautious engagement. When engaging with China the EU should make clear that an overly politicised approach will be an obstacle to cooperation, and be upfront in setting the conditions of cooperation. The EU should not underestimate what China has to offer but shouldn't make big compromises either.
  • Topic: Terrorism, International Security
  • Political Geography: China
  • Author: David C. Logan
  • Publication Date: 11-2016
  • Content Type: Policy Brief
  • Institution: Institute for National Strategic Studies
  • Abstract: China is developing its first credible sea-based nuclear forces. This emergent nuclear ballistic missile submarine (SSBN) force will pose unique challenges to a country that has favored tightly centralized control over its nuclear deterrent. The choices China makes about SSBN command and control will have important implications for strategic stability. Despite claims that the People’s Liberation Army (PLA) Rocket Force will be responsible for all Chinese nuclear forces, Chinese SSBNs currently appear to be under the control of the PLA Navy. However, China may choose to revise its command and control structures as its SSBNs begin armed deterrent patrols. There are three broad command and control models, allocating varying degrees of authority to the PLA Navy or the Rocket Force. China’s decisions about SSBN command and control will be mediated by operational, bureaucratic, and political considerations. A hybrid approach to command and control, with authority divided between the navy and the Rocket Force, would be most conducive to supporting strategic stability.
  • Topic: International Affairs
  • Political Geography: China
  • Author: Philip C. Saunders, Joel Wuthnow
  • Publication Date: 05-2016
  • Content Type: Policy Brief
  • Institution: Institute for National Strategic Studies
  • Abstract: The Chinese People’s Liberation Army (PLA) is undertaking its most significant restructuring since 1949, including changes to all of the PLA’s main organizational pillars—the Central Military Commission, services, and theaters. The reforms are modeled partly on the U.S. military structure, where combatant commanders lead operations and the services train and equip troops. However, the PLA remains a Leninist military responsible for defending Chinese Communist Party (CCP) rule. The reforms aim to tighten CCP supervision over a force seen as corrupt and unaccountable and to enhance the PLA’s ability to conduct joint operations across multiple domains. Theater commanders will be able to develop force packages drawn from all the services, and a new Strategic Support Force will provide C4ISR support. The reforms will create a short term organizational disruption, but may enable more effective joint war fighting over the long term. The PLA will have to overcome significant obstacles such as continued ground force dominance and inter-service rivalry to make the reforms succeed.
  • Topic: International Affairs
  • Political Geography: China
  • Author: Joel Wuthnow
  • Publication Date: 03-2016
  • Content Type: Policy Brief
  • Institution: Institute for National Strategic Studies
  • Abstract: China is poised to increase economic and diplomatic cooperation with Iran as a result of sanctions relief under the recent Iran nuclear deal, though a close geopolitical alignment between the two states is unlikely. Sino-Iranian relations will remain limited by several enduring constraints, including China’s desire for positive ties with other states, its pursuit of energy diversification, and its need for regional stability. Renewed Chinese arms sales to Iran could constitute an emerging challenge for the United States. This could increase Iran’s antiaccess/ area-denial threat to U.S. military forces and create proliferation risks. U.S. officials should press Chinese interlocutors to avoid exporting advanced weapons, which could embolden Iran to conduct a more brazen foreign policy that would threaten China’s fundamental need for regional stability
  • Topic: International Affairs
  • Political Geography: China, Iran
  • Author: Louis Brennan
  • Publication Date: 03-2015
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: As the motives driving China’s outward foreign direct investment (OFDI) have expanded from resource - seeking to asset - and market - seeking, Chinese FDI in Europe has grown rapidly. Although Europe, with its advanced technologies and know - how, brands and sophisticated markets, represents an attractive destination for asset - seeking and market - seeking Chinese FDI, it has also posed challenges for Chinese investors. They arise for a number of reasons: the divergent characteristics of the host region, home country liability of origin, as well as China’s OFDI regulation and the capabilities of the investing enterprises.
  • Political Geography: China, Europe
  • Author: Axel Berger, Lauge N. kovgaard Poulsen
  • Publication Date: 02-2015
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: The prospect of including investor-state dispute settlement (ISDS) into the Transatlantic Trade and Investment Partnership (TTIP) has produced a polarizing debate in the Europe an Union (EU). Critics have argued that this adjudication mechanism is unnecessary in TTIP as United States (US) investors can expect fair treatment in EU courts and vice versa.
  • Political Geography: China
  • Author: Ilan Strauss, Ralf Krüger
  • Publication Date: 02-2015
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: Over the last decade Africa has attracted an increasing share of global foreign direct investment (FDI) inflows. China and other emerging markets are usually highlighted as important sources of this increase — and they are. However, perhaps the most significant contributor has been Africa itself.
  • Political Geography: Africa, China
  • Publication Date: 07-2015
  • Content Type: Policy Brief
  • Institution: Centre for International Governance Innovation
  • Abstract: China’s coal consumption fell marginally in 2014, the first such drop this century, in large part as a result of its policies to address its severe air pollution, develop renewable and alternative energy, and transition its economy away from heavy industry. China should take advantage of its current circumstances to adopt an aggressive national coal consumption cap target and policy to peak its coal consumption as soon as possible, no later than its next Five Year Plan (2016–2020), so that it can peak its CO2 emissions by 2025. It can achieve this target by building upon its existing achievements in developing clean energy such as wind and solar power, and by prioritizing renewable energy development over coal in its western expansion. China can help lead a transition to clean energy that will contribute greatly to global efforts to keep warming to no more than 2°C, and can serve as a model for other developing countries.
  • Topic: Climate Change, Development, Energy Policy, Industrial Policy
  • Political Geography: China
  • Author: Ryan Rutkowski
  • Publication Date: 01-2015
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: Faced with slowing economic growth, Chinese policymakers now recognize that the service sector of the economy—transportation, communications, finance, and health care—could spur economic activity and employment. The catch is that China must reform these and other areas to accomplish this goal. Chinese leaders have outlined an ambitious agenda for reform, but myriad vested interests could slow or block their plans. This Policy Brief evaluates the steps taken so far and the difficulties that lie ahead in implementing them. If policymakers fail to reform and open up the service sector, they run the risk of seriously impairing China's growth prospects.
  • Topic: Economics, International Trade and Finance, Labor Issues, Financial Crisis, Reform
  • Political Geography: China
  • Author: Maral Noori, Daniel Jasper, Jason Tower
  • Publication Date: 08-2015
  • Content Type: Policy Brief
  • Institution: United States Institute of Peace
  • Abstract: In 2011, U.S. president Barack Obama announced plans to "pivot" toward Asia. In 2012, Chinese president Xi Jinping expressed his hope for "a new type of relationship" with the United States. A lack of strategic trust between the two countries, however, prevents critically needed productive cooperation. This Peace Brief addresses the misunderstandings behind this mistrust and a possible way to move beyond them.
  • Topic: International Relations, Communism, Diplomacy, Bilateral Relations
  • Political Geography: United States, China
  • Author: Jeffrey Schott, Eujiin Jung, Cathleen Cimino-Isaacs
  • Publication Date: 12-2015
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: Of all the free trade agreements (FTAs) concluded by Korea with its major trading partners since the turn of the century, the Korea-China FTA may be the largest in trade terms. It is, however, far from the best in terms of the depth of liberalization and the scope of obligations on trade and investment policies. Korea and China agreed to liberalize a large share of bilateral trade within 20 years, but both sides incorporated extensive exceptions to basic tariff reforms and deferred important market access negotiations on services and investment for several years. Political interests trumped economic objectives, and the negotiated outcome cut too many corners to achieve such a comprehensive result. The limited outcome in the Korea-China talks has two clear implications for economic integration among the northeast Asian countries. First, prospects for the ongoing China-Japan-Korea talks will be limited and unlikely to exceed the Korea-China outcome. Second, Korea and Japan need to strengthen their bilateral leg of the northeast Asian trilateral and the best way is by negotiating a deal in the context of the Trans-Pacific Partnership.
  • Topic: Economics, International Trade and Finance, Politics, Bilateral Relations
  • Political Geography: United States, China, Asia, Korea
  • Author: William R. Cline
  • Publication Date: 11-2015
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: The latest semiannual fundamental equilibrium exchange rate (FEER) estimates find that the US dollar is now overvalued by about 10 percent, comparable to levels in 2008 through early 2010 and again in 2011. Unlike then, the current strong dollar does not reflect a weak renminbi kept undervalued by major exchange rate intervention by China. Instead, China's current account surplus has fallen sharply relative to GDP, and its recent intervention has been to prevent excessive depreciation rather than to prevent appreciation. Additionally, declines in the real effective exchange rates (REERs) for major emerging-market economies and resource-based advanced economies, driven by falling commodity prices in recent months, have strengthened the dollar. Recent increases in the REERs for the euro area and Japan have removed their modest undervaluation identified in the last FEERs estimates in May, and the Chinese renminbi remains consistent with its FEER. The dollar's rise by nearly 15 percent in real effective terms over the past two years could impose a drag of nearly one-half percent annually on US demand growth over the next five years. As the Federal Reserve moves to normalize US monetary policy, it may need to consider a gentler rise in interest rates than it might otherwise have pursued, both to temper possible further strengthening of the dollar in response to higher interest rates and to help offset the demand compression from falling net export
  • Topic: Economics, International Trade and Finance, Monetary Policy, GDP
  • Political Geography: United States, China
  • Author: Fiona S. Cunningham, M. Taylor Fravel
  • Publication Date: 12-2015
  • Content Type: Policy Brief
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: Whether China will abandon its long-standing nuclear strategy of assured retaliation for a first-use posture will be a critical factor in U.S.-China strategic stability. In recent years, the United States has been developing strategic capabilities such as missile defenses and conventional long-range strike capabilities that could reduce the effectiveness of China's deterrent. Writings by Chinese strategists and analysts, however, indicate that China is unlikely to abandon its current nuclear strategy.
  • Topic: Arms Control and Proliferation, Nuclear Weapons, Weapons of Mass Destruction, Military Strategy, Bilateral Relations
  • Political Geography: United States, China, East Asia
  • Author: Hongying Wang
  • Publication Date: 12-2015
  • Content Type: Policy Brief
  • Institution: Centre for International Governance Innovation
  • Abstract: The International Monetary Fund recently concluded its quinquennial review of the composition of the Special Drawing Right (SDR), accepting the Chinese currency into the SDR basket alongside four major international currencies — the US dollar, the euro, the British pound and the Japanese yen. The Chinese government has spent a great deal of energy and political capital to achieve this outcome. This policy paper explains China’s interest in this seemingly exotic and technical pursuit, identifying the political and economic motivations underlying this initiative.
  • Topic: Economics, Politics, International Monetary Fund, Monetary Policy
  • Political Geography: China
  • Author: Boy Lüthje, Christopher A. McNally
  • Publication Date: 10-2015
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: The global financial crisis of 2008-09 led to a policy consensus in China that its socioeconomic development model needed rebalancing. China's rapid development has been based on extensive growth reliant on exports, low wages, environmental exploitation, and the manufacturing of cheap products. China's current plans identify paths to economic rebalancing through intensive growth driven by rising investment in new technologies and manufacturing processes, improved wages and skills, and improved worker and environmental protections. Two industries, automotive and information technology, demonstrate the experience of and opportunities for rebalancing. Both offer improved employment conditions with better wages, but continue to incorporate large swaths of low-wage employment with little protection for workers' health and the environment. Economic rebalancing in China, therefore, has so far only appeared in pockets. Institutional safeguards for wages and labor standards remain constrained by powerful alliances among multinational corporations, Chinese state-owned/private enterprises, and the Chinese state.
  • Topic: Economics, Political Economy, Labor Issues, Financial Crisis
  • Political Geography: China
  • Author: Jon Dorsch
  • Publication Date: 09-2015
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: At the end of 2015 the Association of Southeast Asian Nations (ASEAN) will announce the establishment of the ASEAN Economic Community (AEC). In theory, this agreement should produce an association-wide economic integration. However, following the announcement, and for the foreseeable future, ASEAN member states will continue in significantly less than full regional economic integration. Why? Some observers believe that the AEC plans involve an "overly ambitious timeline and too many ill-thought-out initiatives." Others point to ASEAN's traditional aversion to legally binding agreements. While progress has been made in reducing or eliminating intra-ASEAN trade tariffs, substantial non-tariff barriers to trade persist. However, for most member states, the ASEAN market is relatively small while external markets, especially China, are growing rapidly. Given this outward-orientation for ASEAN trade, is the lack of an unhindered regional market really a problem?
  • Topic: Economics, International Trade and Finance, Markets
  • Political Geography: China, Asia
  • Author: Ashley J. Tellis
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: Carnegie Endowment for International Peace
  • Abstract: China is poised to become a major strategic rival to the United States. Whether or not Beijing intends to challenge Washington's primacy, its economic boom and growing national ambitions make competition inevitable. And as China rises, American power will diminish in relative terms, threatening the foundations of the U.S.-backed global order that has engendered unprecedented prosperity worldwide. To avoid this costly outcome, Washington needs a novel strategy to balance China without containing it.
  • Topic: Foreign Policy, Defense Policy, Development, Emerging Markets
  • Political Geography: United States, China, America, Washington, Beijing, Asia
  • Author: Bart Gaens
  • Publication Date: 02-2014
  • Content Type: Policy Brief
  • Institution: Finnish Institute of International Affairs
  • Abstract: China is challenging the regional balance of power in East Asia through a military buildup and an increasingly assertive foreign policy. The US is forced to find the right balance between cooperating with China while benefiting from its economic rise, and countering China's regional reach by carrying out its self-declared "pivot" to Asia in spite of domestic and budgetary constraints. With just over one year in office, Japan's Prime Minister Shinzo Abe has received wide domestic support for his ambitious plans to revive Japan's economy through his threefold policy of Abenomics. At the same time, however, he has implemented a number of significant policies in the defence and security sphere. In response to China's military rise, the Abe administration increased and recalibrated the defence budget. Furthermore, in order to reinforce the alliance with the US, the government approved the creation of a US-style National Security Council, passed a Secrecy Bill, and aims to reverse Japan's self-imposed ban on exercising the right to collective self-defence. Under the banner of "proactive pacifism", the Abe cabinet is seizing the momentum caused by the changing regional power dynamics in order to edge closer towards "breaking away from the postwar regime". A proposed revision of Japan's constitution, unchanged since 1947, symbolizes the ruling Liberal Democratic Party's (LDP) objective to bring about a more autonomous role for Japan both in the security alliance with the US and as an international actor.
  • Topic: Security, Foreign Policy, Defense Policy, Arms Control and Proliferation, Economics, International Trade and Finance
  • Political Geography: Japan, China, Asia
  • Author: Derek M. Scissors
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: New data published in the American Enterprise Institute-Heritage Foundation China Global Investment Tracker show that China continues to invest heavily around the world. Outward investment excluding bonds stood at $85 billion in 2013 and is likely to reach $100 billion annually by 2015. Energy, metals, and real estate are the prime targets. The United States in particular received a record of more than $14 billion in Chinese investment in 2013. Although China has shown a pattern of focusing on one region for a time then moving on to the next, the United States could prove to be a viable long-term investment location. The economic benefits of this investment flow are notable, but US policymakers (and those in other countries) should consider national security, the treatment of state-owned enterprises, and reciprocity when deciding to encourage or limit future Chinese investment.
  • Topic: Security, Foreign Policy, Development, Economics, Emerging Markets, International Trade and Finance, Foreign Direct Investment, Sovereign Wealth Funds
  • Political Geography: United States, China, Asia
  • Author: Edmund Cairns
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: Oxfam Publishing
  • Abstract: The UK needs a safe world in which to trade and invest, and to be free from the security threats caused by conflicts or fragile states. Yet spiralling inequality and climate change, among many other factors, threaten to create a more dangerous, unequal world. As the continuing tragedy in Syria shows, the world's old and new powers have not yet found a way to unite to end conflicts. The age of interventions, such as those in Iraq and Afghanistan, is over. But a new rule-based world in which China, India, and others unite with Western powers to protect civilians and end conflicts has not yet come into being. Whoever wins the 2015 UK general election, the greatest test for UK foreign policy will be how much it can do to help build that world.
  • Topic: Security, Foreign Policy, Climate Change, Poverty, Insurgency, Fragile/Failed State
  • Political Geography: Britain, China, Iraq, United Kingdom, Europe, India, Syria
  • Author: Peter Nunnenkamp, Wan-Hsin Liu, Frank Bickenbach
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: P. Chidambaram, India's Minister of Finance, claimed that "FDI worked wonders in China and can do so in India." However, China's example may also point to the limitations of foreign direct investment (FDI) liberalization in promoting the host country's economic development. FDI in China is heavily concentrated in the coastal areas, and previous studies have suggested that this has contributed to the increasing disparity in regional income and growth since the late 1970s.
  • Topic: Development, Economics, International Trade and Finance, Foreign Direct Investment
  • Political Geography: China, South Asia, India
  • Author: Sheng Zhang
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: The China-US bilateral investment treaty (BIT) negotiations have attracted attention due to the relative size and weight of both economies. Despite broad consensus about the importance of such a treaty, there is considerable debate about its shape and content. The debate is reflected in two recent Columbia FDI Perspectives. Donnelly argued that a China-US BIT should be modeled on the US Model BIT without "splitting the difference between Chinese and US positions", and that the possibility of meaningful BIT negotiations are "really up to China at this point".
  • Topic: Economics, Globalization, International Trade and Finance, Bilateral Relations, Foreign Direct Investment, Governance
  • Political Geography: United States, China, Europe, Colombia
  • Author: Jyrki Kallio
  • Publication Date: 04-2014
  • Content Type: Policy Brief
  • Institution: Finnish Institute of International Affairs
  • Abstract: Although China's statements about the Ukrainian crisis have been weighed very carefully, there are concerns that China is drawing lessons such as 'might is right' and 'geopolitics is all that matters' from the crisis. The hawks in China have adopted a similar tone to that of the Kremlin, with both wishing to see a relatively diminished Western influence in the international arena. The Chinese Dream is all about national rejuvenation, which entails redressing past grievances. Nevertheless, the Dream need not turn into a nightmare for other powers. The increase in China's military budget does not indicate growing ambitions of a global power projection. China's primary concern remains stability both within and without its borders.
  • Topic: International Relations, International Security
  • Political Geography: Russia, China, Ukraine, Asia
  • Author: Hongying Wang
  • Publication Date: 04-2014
  • Content Type: Policy Brief
  • Institution: Centre for International Governance Innovation
  • Abstract: China's role in the global imbalance is closely linked to its domestic imbalance. Chinese policy makers have long been aware of the dual imbalance and the imperative to shift to economic growth driven by domestic consumption. They have taken limited steps in changing the development model, but political obstacles have slowed the pace of reform. The new leadership seems serious about deepening economic reform despite political resistance, but without political reform, the prospect of success remains dim.
  • Topic: Economics, International Trade and Finance, Monetary Policy, Governance
  • Political Geography: China, Asia
  • Author: Gerald Stang
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: European Union Institute for Security Studies
  • Abstract: In 2012, China was the world's seventh biggest producer of natural gas, the fourth largest oil producer, and the biggest producer of hydroelectricity. It also produced almost as much coal as the rest of the world combined. Still, this is not enough. China's domestic energy bounty has long allowed the country to keep its overall import dependency relatively low but, as the country's economy continues to boom, its import dependency is growing quickly, particularly with regard to oil.
  • Topic: Economics, Energy Policy, International Cooperation, International Trade and Finance, Markets, Natural Resources
  • Political Geography: China, Asia
  • Author: Karl P. Sauvant, Victor Z. Chen
  • Publication Date: 05-2014
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: China's rising outward foreign direct investment (OFDI) faces rising skepticism abroad. This is partly the result of the leading role of state-owned enterprises in her OFDI (and the fear that it serves non-commercial purposes), the speed with which this investment has grown, the negative image of the home country in some quarters, and the challenges it poses to established competitors. Moreover, Chinese multinational enterprises (MNEs) may not always keep in mind that host countries see FDI as a tool to advance their own development and hence seek maximum benefits from it.
  • Topic: Economics, International Trade and Finance, Foreign Direct Investment
  • Political Geography: China, Asia
  • Author: Kenneth B. Moss
  • Publication Date: 05-2014
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: Cyber technology could change not only the conduct of war itself; it could alter the way governments and others initiate hostilities and war. Existing international laws need to be reviewed to make sure they address the capabilities and accountability of cyber operations in conflict and war, and the participation of China, Russia and other states in negotiations is critical.
  • Topic: International Law, Science and Technology
  • Political Geography: Russia, China
  • Author: Miguel Pérez Ludeña
  • Publication Date: 05-2014
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: Multinational enterprises (MNEs) multiplied their profits made in developing countries by four between 2002 and 2011 (at current prices). In Latin America and the Caribbean, they rose from US$20 billion in 2002 to US$113 billion in 2011. The growth rate has been even higher in Africa and China, but much lower in developed countries. This rise is explained by an increase in FDI stock in developing economies and the higher average profitability of MNEs.
  • Topic: Economics, International Trade and Finance, Foreign Direct Investment
  • Political Geography: Africa, China, Latin America
  • Author: Scott Moore
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: Few places in the world are facing such acute scarcity of water as is northern China, the region surrounding the nation's capital in Beijing. Over the past three decades, rapid economic development and population growth have caused a dramatic water shortage in the region. Groundwater tables have dropped so precipitously that in some places wells cannot be dug deep enough to reach water. Climate change is making rainfall more unpredictable, further darkening the picture for a region that is vital to both the Chinese and world economies. This brief looks at the so-far inadequate responses of the Chinese government and makes the case that new institutions are needed to allow China to meet this growing challenge.
  • Topic: Energy Policy, Science and Technology, Water
  • Political Geography: China, Asia
  • Author: Chris Alden
  • Publication Date: 06-2014
  • Content Type: Policy Brief
  • Institution: Norwegian Peacebuilding Resource Centre
  • Abstract: Assessments of the official Chinese reaction to the crisis in Ukraine have focused primarily on China's abstention in the vote on a UN Security Council resolution condemning Russian actions and, to a lesser degree, on the three-pronged Chinese proposal for addressing the crisis. However, by examining an array of Chinese sources, including media reports, editorials, and research think-tank publications, a number of viewpoints are presented that provide a better sense of the scope of Chinese thinking on the subject. These concentrate on the notion of Chinese neutrality, Western interference, the domestic sources of the Ukrainian crisis, and possible policy options available to Chinese decision-makers. Understanding these provides a more nuanced understanding of Chinese reactions to the Ukrainian crisis and its possible significance for China.
  • Topic: Foreign Policy, Mass Media
  • Political Geography: Russia, China, Ukraine, Asia
  • Author: John Lee, Charles Horner
  • Publication Date: 04-2014
  • Content Type: Policy Brief
  • Institution: Hudson Institute
  • Abstract: U.S. administrations and officials are consistently caught flat-footed by the increasing assertiveness of the People's Republic of China (PRC) over disputed territories in the East China and South China Seas. This assertiveness is strident, yet controlled. Beijing's objectives in the region, with respect to maritime issues in particular, have been apparent for several decades. While the United States is well aware of the PRC's "talk and take" approach—speaking the language of negotiation while extending de facto control over disputed areas—U.S. policy has been tactical and responsive rather than strategic and preemptive, thus allowing China to control the pace and nature of escalation in executing talk and take.
  • Topic: International Relations, Diplomacy, Economics, International Trade and Finance, Bilateral Relations
  • Political Geography: United States, China, Asia
  • Author: Franklin D. Kramer, Melanie J. Teplinsky
  • Publication Date: 01-2014
  • Content Type: Policy Brief
  • Institution: Atlantic Council
  • Abstract: Cyber has become the new conflict arena. It ranks as one of the greatest national security challenges facing the United States for three reasons. First, as the revelations about the National Security Agency's (NSA's) activities suggest, cyber offense has far outpaced cyber defense. Second, cyber capabilities are prevalent worldwide and increasingly are being used to achieve the strategic goals of nations and actors adverse to the United States. Third, it is highly unlikely that cyber espionage and other cyber intrusions will soon cease. While the NSA disclosures focus on the United States and the United Kingdom, there is little doubt that China, Russia, Iran, North Korea and others are engaged in significant cyber activities. The fundamental question is whether the cyber realm can, consistent with the national interest, be made more stable and secure.
  • Topic: Defense Policy, Science and Technology, Military Strategy
  • Political Geography: Russia, United States, China, United Kingdom, Iran, North Korea
  • Author: Lysa John
  • Publication Date: 06-2014
  • Content Type: Policy Brief
  • Institution: Oxfam Publishing
  • Abstract: In July 2014, a new multilateral and Southern-led development bank is expected to be launched by the leaders of Brazil, Russia, India, China and South Africa – better known as the BRICS. The BRICS Development Bank will provide a fresh source of finance for developing and emerging economies to meet their development needs. Little has been made public regarding the proposed Bank's core mandate or activities but while governments negotiate the technicalities of the Bank, it is critical that they also provide a solid vision of the principles, priorities and objectives on which the Bank's activities and operations will be premised. This policy brief recommends that these include commitments to: ending extreme poverty and inequality, with a special focus on gender equity and women's rights; aligning with environmental and social safeguards and establishing mechanisms for information sharing, accountability and redress; leadership on the sustainable development agenda; the creation of mechanisms for public consultation and debate; and the adoption a truly democratic governance structure.
  • Topic: Development, Economics, Gender Issues, International Cooperation, Poverty
  • Political Geography: Africa, Russia, China, Europe, India, Asia, South Africa, Brazil, South America
  • Author: Raluca Diana Ardelean, Mengun Zhang
  • Publication Date: 07-2014
  • Content Type: Policy Brief
  • Institution: Centre for International Governance Innovation
  • Abstract: China has gained substantial economic power in recent years, becoming the second-largest trading nation after the United States and the largest goods-trading nation since 2012 (Eichengreen 2014). It is also currently the largest source of savings and the largest potential source of capital for international investment (ibid.). Measured by GDP, China is now the second-largest economy in the world (see Figure 1), and the World Bank surmises it is likely to surpass the United States in 2014 (World Bank 2014). Because of China's growing economic importance, a shift in power is reasonably assumed. As its economic power grows, internationalization of the RMB has become a key policy goal for China, especially after the 2008 financial crisis (Zhang 2009; Park 2010; China Securities Regulatory Commission [CSRC] 2014). This goal demonstrates China's desire for better integration and representation in the international economic community and signals its willingness to perform internal financial reforms and take more responsibility in global economic affairs.
  • Topic: Economics, International Trade and Finance, Monetary Policy
  • Political Geography: United States, China, Asia
  • Author: J. Peter Pham, Ricardo Rene Laremont
  • Publication Date: 08-2014
  • Content Type: Policy Brief
  • Institution: Atlantic Council
  • Abstract: Africa is home to seven of the world's ten fastest-growing economies. By 2050, the continent's population is expected to overtake India's and China's, doubling to two billion people. Moreover, those two billion Africans will be younger than their counterparts in every other region of the world and will account for one in four workers globally by mid-century. Africa's rich endowment of natural resources, including about 30 percent of the world's known reserves of minerals and 60 percent of the planet's uncultivated arable land, is already well-known to investors.
  • Topic: Security, Economics, International Trade and Finance, Foreign Direct Investment
  • Political Geography: Africa, China, Morocco
  • Author: Patrick Nopens
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: EGMONT - The Royal Institute for International Relations
  • Abstract: ISAF's withdrawal from Afghanistan in 2014 will directly impact the wider region. Not only is there a risk of instability spilling over to Central Asia, but the drawdown will also accelerate the ongoing shift in the balance of power in Central Asia towards China. Should a spillover occur, the burden will mainly fall on Russia and China. Russia will, however, only continue playing the dominant role in the security of the former Soviet Central Asia (FSCA) until China takes on responsibility for the security of its direct sphere of influence or "dingwei". Russia's Near Abroad, however, overlaps both with the EU's Eastern Neighbourhood in Europe and China's dingwei in Central Asia and the Far East. It is, therefore, necessary to approach Russian reactions to these encroachments on its historical spheres of influence in a single context, taking into account the interrelationship between these three.
  • Topic: Security, Politics, Hegemony
  • Political Geography: Afghanistan, China, Europe, Central Asia, Asia
  • Publication Date: 08-2014
  • Content Type: Policy Brief
  • Institution: International Crisis Group
  • Abstract: That nuclear negotiations between Iran and the P5+1 (China, France, Russia, the UK, U.S. and Germany) were extended beyond the 20 July 2014 deadline was neither unexpected nor unwelcome. The parties ha d made enough headway to justify the extension, which was envisioned in the Joint Plan of Action (JPOA) that was signed in November 2013 and came into force in January, but given the political and technical complexity, they remain far apart on fundamental issues. Unless they learn the lessons of the last six months and change their approach for the next four, they will lose the opportunity for a resolution not just by the new 24 November deadline but for the foreseeable future. Both sides need to retreat from maximalist positions, particularly on Iran's enrichment program. Tehran should postpone plans for industrial- scale enrichment and accept greater constraints on the number of its centrifuges in return for P5+1 flexibility on the qualitative growth of its enrichment capacity through research and development.
  • Topic: Development, Diplomacy, Economics, Nuclear Weapons, Nuclear Power
  • Political Geography: Russia, China, Iran, Middle East, France
  • Author: Li-gang Liu
  • Publication Date: 08-2014
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: China's property market has slowed significantly since the first half of 2014, with sharp declines in sales and a buildup in the inventory of new homes. This sharper than expected downturn—which has affected not only second- and third tier smaller cities but also first-tier megacities such as Beijing, Shanghai, Shenzhen, and Guangzhou—contrasts with last year's buoyant sales and double-digit price surge. Compounded by fears of a default in the shadow banking system and the perception of a highly leveraged Chinese economy, the sudden declines in the property sector are being watched closely. Many commentators believe this could be a turning point for the sector, triggering a hard landing of the Chinese economy and even a financial crisis. Over the last decade, China's property sector has become an important pillar for the country's growth as well as the key source for elevated commodity prices. A property market slump would hurt other sectors, as well as drag down resource-rich economies that rely heavily on China to buy their exports.
  • Topic: Economics, Financial Crisis, Urbanization
  • Political Geography: Japan, China, United Nations
  • Author: Alain Guidetti
  • Publication Date: 04-2014
  • Content Type: Policy Brief
  • Institution: The Geneva Centre for Security Policy
  • Abstract: The visit of Chinese President Xi Jinping to Seoul in July 2014 shows how the relations between China and South Korea have taken center stage in North- East Asia. Both countries are building up a growing strategic partnership, as a result of emerging cross-interests in the region and robust trade relations. This dynamic underlines the dilemma Seoul faces in maintaining a strong military alliance with the United States, while turning increasingly toward China as its core partner for both its economic development and its North Korea policy.
  • Topic: International Relations, Economics
  • Political Geography: United States, China, Asia, South Korea, North Korea, Northeast Asia
  • Author: Xenia Avezov, Timo Smit
  • Publication Date: 09-2014
  • Content Type: Policy Brief
  • Institution: Stockholm International Peace Research Institute
  • Abstract: The transition towards multipolarity in the international system has concerned many observers in recent years. They fear'an era of disorder and greatly diminished multilateralism owing to miscalculation, uncertainty and distrust between the new and established powers'. This is based partly on the assumption that multipolarity will create competition rather than cooperation as international actors promote or object to intervention in conflicts based on their own geostrategic, economic or political interests.
  • Topic: Security, United Nations
  • Political Geography: Russia, United States, China, Syria
  • Author: Siemon T. Wezeman, Pieter D. Wezeman
  • Publication Date: 03-2014
  • Content Type: Policy Brief
  • Institution: Stockholm International Peace Research Institute
  • Abstract: The volume of international transfers of major weapons in 2009–13 was 14 per cent higher than in 2004–2008 (see figure 1). The five biggest exporters in 2009–13 were the United States, Russia, Germany, China and France and the five biggest importers were India, China, Pakistan, the United Arab Emirates (UAE) and Saudi Arabia
  • Topic: Security, Defense Policy, War, Military Strategy
  • Political Geography: Pakistan, Russia, United States, China, India, Paris, France, Germany, Saudi Arabia
  • Publication Date: 11-2014
  • Content Type: Policy Brief
  • Institution: The Soufan Group
  • Abstract: There are clear and compelling economic imperatives for Iran to accept a nuclear agreement with the P5+1 (U.S., Britain, France, Russia, China, and Germany) by a November 24 deadline. The Iranian public has chafed under comprehensive sanctions since 2010 and expect President Hassan Rouhani to deliver a nuclear agreement that enables the economy to recover and grow. U.S. and other P5+1 officials stress the economic opportunities for Iran that will result, including the eventual re-opening of Iran's oil and gas sector to foreign investment. Major international firms are poised to re-enter the Iranian market in the event of a nuclear deal, although firms will initially be cautious due to lingering uncertainty.
  • Topic: Conflict Prevention, Arms Control and Proliferation, Islam, Nuclear Weapons, Treaties and Agreements, Nuclear Power
  • Political Geography: Russia, China, Middle East
  • Publication Date: 10-2014
  • Content Type: Policy Brief
  • Institution: The Soufan Group
  • Abstract: Iran is attempting to link greater cooperation against the so-called Islamic State (IS) organization to concessions by the P5+1 (US, UK, France, Russia, China, and Germany) in negotiations on Iran's nuclear program Iran and the P5+1 remain far apart on the core issue of Iran's uranium enrichment program, increasing the likelihood that the talks will be extended beyond the current deadline of November 24 Iran requires a nuclear deal to satisfy public expectations and to increase its influence on regional events, including the US-led effort against IS A key Iranian goal is to dissuade the coalition from expanding the anti-IS campaign to include destabilizing the Assad regime in Syria.
  • Topic: Arms Control and Proliferation, Diplomacy
  • Political Geography: Russia, United States, China, United Kingdom, Iran, Middle East, France, Germany, Syria
  • Author: Mr Alain Guidetti
  • Publication Date: 07-2014
  • Content Type: Policy Brief
  • Institution: The Geneva Centre for Security Policy
  • Abstract: President Xi Jinping's July 2014 visit to Seoul indicates that the strategic partnership between China and the Republic of Korea is moving forward against a backdrop of growing power competition and instability in the region. Both Seoul and Beijing have strong interest in close cooperation: Beijing wants to prevent a full-fledged trilateral alliance between the US, Japan and South Korea aimed at containing China's rising power Seoul needs Chinese support in its efforts to reach out to Pyongyang and work towards future reunification.
  • Topic: Security, International Cooperation, International Affairs, Bilateral Relations, Governance
  • Political Geography: United States, Japan, China, Beijing, Asia, South Korea
  • Author: Elina Sinkkonen
  • Publication Date: 10-2014
  • Content Type: Policy Brief
  • Institution: Finnish Institute of International Affairs
  • Abstract: The number of netizens in China is growing year on year and the increase in the use of mobile technologies to access the internet is the most notable trend of late. Around half of the Chinese population are now internet users. The Chinese leadership has tightened internet control since August 2013. In February 2014, China established Central Internet Security and Information Leading Group, headed by President Xi Jinping, to monitor Chinese cyberspace. Defamatory social media posts were criminalized, and the first sentence was imposed in April 2014. Despite stricter internet control, criticism of the state and politicians has often been tolerated in social media, whereas any content that promotes offline collective action is systematically censored. However, the idea that the development of the internet in China would lead to significant political change seems unwarranted in the current circumstances. Poll data released on September 9 show that almost 90 per cent of the Chinese respondents harbour negative views about Japan. Internet forums and increasing commercialization of the traditional media are contributing to this public opinion trend, which complicates the handling of China's turbulent relations with Japan.
  • Topic: Politics, Communications, Mass Media, Public Opinion
  • Political Geography: Japan, China, Asia
  • Author: Alex Brouse, Dustin McDonald
  • Publication Date: 11-2014
  • Content Type: Policy Brief
  • Institution: Centre for International Governance Innovation
  • Abstract: High tensions in Northeast Asia are cause for considerable alarm. Of particular concern for the maintenance of global security are the disputes over Senkaku/Diaoyu and Dokdo/Takeshima islands. Strong grievances rooted in history and rising nationalistic sentiment in China, South Korea and Japan have made the positions of the respective parties currently irreconcilable. The tension surrounding the issue of territorial control, particularly between China and Japan, has the potential to spark a military confrontation. Due to a lack of empathy and the propensity to overestimate threats from neighbours, the region is especially volatile. Public commitments by US President Barack Obama in support of the US-Japan Mutual Security Treaty could ensure that any military confrontation between China and Japan might quickly escalate and draw the United States into direct conflict with China. In order to improve empathy, a concerted effort must be made to change the channel and work on issues where interests do align. Nowhere do the interests of China, South Korea, Japan and the United States align more than on the issue of North Korean denuclearization. By working together on an issue of mutual concern, these four countries can counter the rapid erosion of trust. By cultivating a cooperative attitude, tensions can be lowered, increasing the prospects for peaceful management of current acute disputes.
  • Topic: Conflict Prevention, Arms Control and Proliferation, Diplomacy, Peacekeeping
  • Political Geography: United States, Japan, China, South Korea
  • Author: Pierre Siklos, Martin T. Bohl, Jeanne Diesteldorf
  • Publication Date: 09-2014
  • Content Type: Policy Brief
  • Institution: Centre for International Governance Innovation
  • Abstract: This paper examines whether the introduction of Chinese stock index futures had an impact on the volatility of the underlying spot market. To this end, we estimate several Generalized Auto-Regressive Conditional Heteroscedasticity (GARCH) models and compare our findings for mainland China with Chinese index futures traded in Singapore and Hong Kong. Our results indicate that Chinese index futures decrease spot market volatility with all three spot markets considered. In contrast, we do not obtain the same results for the companion index futures markets in Hong Kong and Singapore. China's stock market is relatively young and largely dominated by private retail investors. Nevertheless, our evidence is favourable to the stabilization hypothesis usually confirmed in mature markets.
  • Topic: Economics, International Trade and Finance, Markets
  • Political Geography: China, Singapore
  • Author: Gus Van Harten
  • Publication Date: 12-2014
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: The Canada - China bilateral investment treaty (BIT) – ratified by Canada on September 12, 2014, after a two - year delay following its signature in 2012 – provides a useful reference for future investment negotiations involving Canada or China and other countries.
  • Political Geography: China, Canada
  • Author: Damian Wnukowski, Artur Gradziuk
  • Publication Date: 04-2014
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: At the beginning of 2014, the European Union and China launched negotiations on a bilateral investment treaty that would launch the next stage in economic relations between them. Although both approach numerous issues differently, they have also strong incentives to seek compromise. Reaching an agreement on investment topics could be a significant step towards creating a favourable environment for cooperation and resolving most contentious sticking points in bilateral relations in the near future. It could also become a template for future similar EU agreements.
  • Topic: Economics, International Trade and Finance, Bilateral Relations, China, European Union
  • Political Geography: China, European Union
  • Author: James Leibold
  • Publication Date: 09-2013
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: Balancing ethnocultural diversity and dignity with national integration and interethnic cohesion has been a constant challenge for Chinese policymakers. With a sizeable ethnic minority population, China has long been engaged in this delicate balancing act. Despite episodic conflict, it could be argued that the Communist Party of China (CPC) has, especially since the 1976 death of Mao Zedong, done a relatively competent job of containing ethnic tensions.
  • Topic: Ethnic Conflict, Human Rights, Human Welfare, Governance
  • Political Geography: China, Israel
  • Author: Alexandre Catta, Aladdin Diakun, Clara Yoon
  • Publication Date: 08-2013
  • Content Type: Policy Brief
  • Institution: Centre for International Governance Innovation
  • Abstract: Mainstream analysis on China tends to be overly optimistic, leaving a blind spot in strategic planning. While the country's socio-economic landscape has been transformed over several decades of uninterrupted growth, it faces significant domestic and international risks and constraints. Chief among these are labour insecurity and imbalances, environmental constraints and rising climatic risks, and food insecurity, all coupled with rising popular expectations for a higher overall standard of living. Major soy producers (Argentina, Brazil and the United States) should take steps to ensure the stability of China's supply. In particular, these countries should set aside reserves to help mitigate future supply shocks and price spikes resulting from climate change. Manufacturers operating in or with China should immediately begin mapping their supply chains to identify vulnerabilities associated with crisis scenarios in the country. Where specific risks are identified, they should explore supply-chain diversification to boost resilience among major trading partners. To deter China from externalizing internal stresses, international actors should raise the political costs of nationalistic unilateralism by opening more channels for dialogue, deepening institutional integration and buttressing cooperative security norms.
  • Topic: Security, Agriculture, Climate Change, Development, Economics, Environment, Food
  • Political Geography: China, Israel
  • Author: Axel Berger
  • Publication Date: 08-2013
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: One of the recurrent debates on international investment rule-making relates to the question whether it is possible to establish a multilateral framework for investment (MFI). Proponents argue that growing foreign direct investment (FDI) from emerging countries, especially China, contributes to a new consensus on global investment rules.
  • Topic: Economics, Globalization, International Trade and Finance, Regional Cooperation, Foreign Direct Investment
  • Political Geography: China
  • Author: Juha Käpylä, Harri Mikkola
  • Publication Date: 08-2013
  • Content Type: Policy Brief
  • Institution: Finnish Institute of International Affairs
  • Abstract: With exciting economic opportunities and serious environmental challenges, the Arctic is transforming and re-emerging as a geopolitically important region. Major global players within and without the Arctic are paying greater attention to the region. While Russia is a traditional Arctic state with significant economic and security interests in the region, China, the US and the EU have also expressed their Arctic interests more explicitly. They are keen to tap into the economic potential and have a say in the way the region becomes accessed, exploited and governed. As a result, the Arctic is no longer a spatially or administratively confined region, but is instead taking its new form in the midst of contemporary global politics. The globalization and economization of the Arctic will most likely downplay environmentalism and reduce the relative influence of the indigenous people and small Arctic states in Arctic affairs. Arctic governance is also likely to turn more complex and complicated as the economic and political stakes are raised.
  • Topic: Security, Foreign Policy, Climate Change, Development, International Trade and Finance, Oil, Natural Resources
  • Political Geography: Russia, United States, China, Europe
  • Author: Nicholas Borst
  • Publication Date: 10-2013
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: The Chinese financial system has undergone almost continuous reform since the dismantling in the 1980s of the Soviet- style system where only one state-controlled bank existed. Government efforts to create a financial system that adheres to international best practices of commercial lending accelerated in the 1990s (box 1). Reforms progressed quickly during this period, but they were accompanied by excessive credit growth and a massive increase in nonperforming loans, threatening the solvency of some banks and the financial stability of the entire economy. The risk of these weaknesses was dramatized by the 1997 Asian financial crisis, in which several nearby countries were crippled by plunging currency values, rising interest rates and difficulties servicing their foreign-held debts.
  • Topic: Debt, Economics, International Trade and Finance, Markets, Financial Crisis
  • Political Geography: China
  • Author: Nicola Casarini
  • Publication Date: 10-2013
  • Content Type: Policy Brief
  • Institution: European Union Institute for Security Studies
  • Abstract: The establishment of the EU-China 'strategic partnership' on 30 October 2003 came at a time of converging priorities between the two actors. It also coincided with one of the worst crises in transatlantic relations, mainly due to disagreements over the US-led war in Iraq and the foreign policy stance of the first Bush ad¬ministration. As a result of the partnership, the then EU-15 and China adopted three initiatives which caught the attention of US policymakers.
  • Topic: Foreign Policy, Economics, International Trade and Finance, Biosecurity
  • Political Geography: China, Iraq, Europe
  • Author: David Camroux
  • Publication Date: 09-2013
  • Content Type: Policy Brief
  • Institution: European Union Institute for Security Studies
  • Abstract: The presence of Indonesian President Susilo Bambang Yudhoyono at the G20 Summit in St Petersburg in early September went virtually unnoticed by the European media. That his attendance was overlooked can be explained by immediate factors, namely the overriding importance of the Syrian conflict in the discussions among leaders, and the fact that SBY (as President Yudhoyono is commonly known) is a lame-duck president with less than a year to go before the end of his two-term limit. Lacking BRIC status (for now at least), Indonesia – unlike China, India or even Brazil – barely registers on the radar screen of public awareness in Europe. Symptomatic of this neglect is the fact that, almost four years after its signing in November 2009, two EU member state parliaments (and the European Parliament itself) have yet to ratify the EU-Indonesia Partnership and Cooperation Agreement.
  • Topic: Foreign Policy, Defense Policy, Economics, International Trade and Finance, Treaties and Agreements, Bilateral Relations
  • Political Geography: China, Europe, India, Brazil, Syria, Southeast Asia
  • Author: Paul Blustein
  • Publication Date: 10-2013
  • Content Type: Policy Brief
  • Institution: Centre for International Governance Innovation
  • Abstract: Myriad dangers beset the global economy. The US Federal Reserve is trying to curb its ultra-easy money policy, a delicate operation that could plunge the world into recession if done too abruptly. The euro zone might fall back into turmoil. Japan's experiment with “Abenomics”1 could go sour. China's banking system looks shaky. Emerging economies are suffering large scale withdrawals of foreign funds.
  • Topic: Debt, Development, Economics, International Monetary Fund, Foreign Aid, Fragile/Failed State, Financial Crisis
  • Political Geography: China
  • Author: Robert N. Stavins, Ottmar Edenhofer, Christian Flachsland
  • Publication Date: 10-2013
  • Content Type: Policy Brief
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: The goal of the Harvard Project on Climate Agreements is to help identify and advance scientifically sound, economically rational, and politically pragmatic public policy options for addressing global climate change. Drawing upon leading thinkers in Argentina, Australia, China, Europe, India, Japan, and the United States, the Project conducts research on policy architecture, key design elements, and institutional dimensions of domestic climate policy and a post-2015 international climate policy regime. The Project is directed by Robert N. Stavins, Albert Pratt Professor of Business and Government, Harvard Kennedy School.
  • Topic: Climate Change, Economics, Energy Policy, Industrial Policy, International Cooperation, Treaties and Agreements
  • Political Geography: United States, Japan, China, Europe, India
  • Author: Jakob Vestergaard, Robert Hunter Wade
  • Publication Date: 12-2013
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: More than three years after the International Monetary Fund (IMF)'s governing body agreed to reform the organization's governance so as to better reflect the increasing economic weight of dynamic emerging market economies in the world economy, only microscopic changes have been made. Emerging market and developing countries (EMDCs) have become increasingly frustrated with Western states for clinging to their inherited power, in the IMF and other important international economic governance organizations. The emerging cooperation among the BRICS (Brazil, Russia, India, China, South Africa) – as seen in the advanced-stage negotiations to establish a Development Bank and a Contingent Reserve Arrangement – sends a “wake up and smell the coffee” call to the West, and the latter will carry a heavy responsibility for eroding global multilateral governance if it continues to drag its heels on the needed adjustments.
  • Topic: Development, Economics, Emerging Markets, International Monetary Fund, Governance, Reform
  • Political Geography: Russia, China, India, South Africa, Brazil
  • Author: Sharon Squassoni
  • Publication Date: 12-2013
  • Content Type: Policy Brief
  • Institution: Center for Strategic and International Studies
  • Abstract: Nuclear energy seemed set for revitalization until the accident at the Fukushima Daiichi nuclear power plant in 2011. The accident that melted the cores of three light water reactors raised questions about the costs and risks of nuclear energy in many countries. Some countries have cancelled procurement, others have shut down reactors, and still others have declared a shift away from a nuclear future.
  • Topic: Energy Policy, Environment, Natural Disasters, Nuclear Power
  • Political Geography: China, South Asia, India, Asia, Korea
  • Author: Justyna Szczudlik- Tatar
  • Publication Date: 12-2013
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: The destinations of China's new leaders' foreign trips show that the PRC's foreign policy domain remains its neighbourhood. China is trying in particular to enhance cooperation with its Central and Southeast Asia border states in what is called "new silk road" diplomacy. Behind this approach are mostly domestic rationales: a need to preserve stability on its borders and in the western part of China, secure export markets and energy supplies, develop inland transport routes as an alternative to unstable sea lines, and to narrow the development gap between the eastern and western parts of China. The PRC's "opening to the West" and reinvigoration of its Western Development Policy is a window of opportunity for Poland. The establishment in Gansu province of the Lanzhou New Area-the first state-level development zone in northwest China-could become a bridgehead for a Polish economic presence in this part of China, or even a springboard for Poland's "Go West China" strategy.
  • Topic: Security, Foreign Policy, Diplomacy, Economics, International Trade and Finance
  • Political Geography: China, Southeast Asia
  • Author: Kinga Dudzinska, Elzbieta Kaca, Karolina Zubel
  • Publication Date: 10-2013
  • Content Type: Policy Brief
  • Institution: The Polish Institute of International Affairs
  • Abstract: A redefinition of the Eastern Partnership beyond 2013 is urgently needed in order to make the EU a more competitive player vis-à-vis Russia and China in the region. Eastern partners which choose deeper economic integration with the EU must therefore be supported by enhanced cooperation, which would require further differentiation in approaches towards neighbours. It should also be supported by certain horizontal policies, strengthening the EU's multilateral cooperation and the fledgling European Union diplomacy in this region, assisted by better targeting policies at EaP societies.
  • Topic: Economics, Regional Cooperation, Monetary Policy
  • Political Geography: China, Europe
  • Author: Andrew Shearer
  • Publication Date: 08-2013
  • Content Type: Policy Brief
  • Institution: American Enterprise Institute for Public Policy Research
  • Abstract: Like many other Western states, following the Cold War, Australia cut its defense budget, resulting in significant shortfalls in key military capabilities. Since the mid-1990s, successive Australian governments have outlined plans intended to boost the capabilities of Australia's armed forces. However, these strategic ambitions have in recent years been undercut by changes in government spending priorities and shortfalls in the national budget, jeopardizing the long-standing technological advantage Australian forces have enjoyed over other states in the region. As major Asian states such as China continue to grow their economies and modernize their armed forces, Australia must commit sufficient resources to its modernization agenda or risk losing its ability to help shape the Asia-Pacific ­security environment and risk fulfilling its role as a key US partner in America's pivot to Asia.
  • Topic: Foreign Policy, Defense Policy, Cold War, Economics, Armed Forces
  • Political Geography: Africa, United States, China, Asia, Australia
  • Author: Joseph E. Gagnon
  • Publication Date: 11-2013
  • Content Type: Policy Brief
  • Institution: Peterson Institute for International Economics
  • Abstract: There is a long-standing debate among economists and policymakers on the benefits of flexible versus fixed exchange rates (Klein and Shambaugh 2010). In principle, flexible exchange rates allow a country's central bank to focus on stabilizing economic growth and inflation, which are the ultimate goals of monetary policy. However, some argue that in practice central banks often do not use their powers wisely and it may be better to restrict their freedom by requiring them to peg their currency to that of an important trading partner. Others note that flexible exchange rates are far more volatile than fundamental factors can explain (Flood and Rose 1995), raising the possibility that they may introduce wasteful cross-sectoral fluctuations in economic activity. One common viewpoint is that flexible exchange rates may be fine for large countries but that the smallest countries are better off with fixed exchange rates (Åslund 2010).
  • Topic: Economics, Foreign Exchange, International Trade and Finance, Markets, Financial Crisis
  • Political Geography: United States, Japan, China, United Kingdom
  • Author: Nikia Clarke
  • Publication Date: 11-2013
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: Energy investments and infrastructure contracts remain prominent in China's Africa engagement. However, investment in manufacturing makes up a significant proportion of Chinese outward foreign direct investment (FDI). Its characteristics–large numbers of smaller transactions by privately owned small and medium-sized firms–make these flows difficult to assess or control. However, China and African governments have an interest in effectively channeling this type of FDI.
  • Topic: Development, Economics, Industrial Policy, International Trade and Finance, Markets, Foreign Direct Investment
  • Political Geography: Africa, China
  • Author: Karl P. Sauvant
  • Publication Date: 10-2013
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: Since China adopted its "going out" policy in 2001, her outward foreign direct investment (OFDI) flows have grown rapidly, reaching US$84 billion in 2012 (although the stock remains small). That year, China was the world's third largest outward investor (after the US and Japan). This performance raises all sorts of issues, especially because state-owned enterprises (SOEs) control some three-quarters of the country's OFDI stock. Three challenges are addressed in this Perspective.
  • Topic: Development, Economics, Emerging Markets, Foreign Direct Investment
  • Political Geography: United States, Japan, China
  • Author: Mieke Eoyang, Aki Peritz
  • Publication Date: 03-2013
  • Content Type: Policy Brief
  • Institution: Third Way
  • Abstract: The U.S. is currently leading the effort to halt North Korea's nuclear weapons program and protect our allies in the Asia-Pacific region. Here is how to discuss this important issue: North Korea's missile and nuclear programs threaten our interests and our allies. We will defend our friends—and ourselves—starting with our planned deployment of more missile interceptors in Alaska. The U.S. has been making progress toward convincing the international community to crack down on Pyongyang even further. Given the threat, we must maintain a robust military presence in Asia to maintain the peace in the Asia-Pacific region. We must work with China—North Korea's only ally—to achieve a lasting end to Pyongyang's continuing nuclear intransigence.
  • Topic: Security, Defense Policy, Nuclear Weapons
  • Political Geography: China, Asia, North Korea
  • Author: Banning Garrett, Robert A. Manning
  • Publication Date: 03-2013
  • Content Type: Policy Brief
  • Institution: Atlantic Council
  • Abstract: As China's National Party Congress gathered in early March to anoint Xi Jinping and the next generation of Chinese leaders, Beijing's behavior at home and abroad strongly suggested that, while they have strategic goals, they have no strategy for how to achieve them. Beijing seems unable to change course from following a development model it has outgrown and pursuing assertive, zero-sum foreign policies that are counter to its long-term interests.
  • Topic: International Relations, Foreign Policy, Corruption, Governance, Reform
  • Political Geography: China, Asia
  • Publication Date: 01-2012
  • Content Type: Policy Brief
  • Institution: Oxfam Publishing
  • Abstract: With the outlook for exports subdued and investment weak, we expect industrial output growth to slow further in 2012H1. But consumption is taking up the slack and fiscal policy is set to be supportive. As a result, we only expect a relatively modest slowing in growth in 2012 to 8.4% from 9.2% in 2011. But with house prices still falling in December, we remain concerned about the risk of a sharp slowing in the property market leading to strains on local government finances and a hard landing for growth, particularly with the external environment weak. However, central government finances are strong and fiscal transfers could provide a significant cushion in the event of a property bust.
  • Topic: Communism, Economics, Government, International Trade and Finance, Global Recession
  • Political Geography: China, Israel
  • Publication Date: 02-2012
  • Content Type: Policy Brief
  • Institution: Danish Institute for International Studies
  • Abstract: OECD donors, international organisations and non-governmental organisations are increasingly cooperating with China in Africa. This policy brief offers recommendations for policy-makers on how to lay the groundwork for such cooperation. It also stresses that the involvement of African partners is critical in fully realizing the benefits such cooperation can provide for sustainable development.
  • Topic: Foreign Policy, Development, Diplomacy, Economics, Foreign Aid, Foreign Direct Investment
  • Political Geography: Africa, China
  • Author: Miguel Pérez Ludeña
  • Publication Date: 03-2012
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: Chinese foreign direct investment (FDI) in Latin America is a recent phenomenon. Although the China National Petroleum Corporation and other companies have been present in Peru, Ecuador and Venezuela since the early 1990s, large projects have been pursued only since 2006, following an extended period of high commodity prices. The Economic Commission for Latin America and the Caribbean (ECLAC) estimated that there were US$ 15 billion of Chinese FDI inflows into Latin America in 2010, 90% of which were in extractive industries. This further contributed to the already high percentage of Chinese FDI flows to the region that are in natural resources. At a time of high economic growth fueled by commodity exports and strong currency appreciation (particularly in Brazil), FDI into extractive industries strengthens the region's specialization in primary products at the expense of manufacturing and other activities.
  • Topic: Economics, International Trade and Finance, Markets, Natural Resources, Foreign Direct Investment
  • Political Geography: China, Brazil, Latin America, Peru
  • Author: Karl P. Sauvant, Chen Zhao, Xiaoying Huo
  • Publication Date: 03-2012
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: Among developing countries, China attracts most foreign direct investment (FDI). Where is this investment located within China, what explains its distribution and what are policy implications? We used UNCTAD's FDI Performance Index to answer the first question. Although developed for countries , it can be applied to sub-national units. It uses provincial GDP to ascertain whether a given territorial unit has received FDI inflows as expected from its economic size. Standardizing the data accordingly reveals three clusters of provinces for 2007-2010 (table 1, figure 1 below): The first cluster encompasses virtually all coastal provinces: they have an index value above 1, i.e. perform better than their economic size would lead one to expect. They account for 9 of the top 11 performers of Mainland China's 31 provinces, municipalities and autonomous regions (“provinces”). The provinces in the middle cluster underperform (index value of 1-0.5). They include 5 central provinces, but also 3 western and 2 coastal provinces. The provinces in the bottom cluster underperform significantly (index value below 0.5), comprising primarily the country's western provinces (8 out of the 10 provinces in this cluster).
  • Topic: Development, Economics, International Trade and Finance, Markets, Foreign Direct Investment
  • Political Geography: China
  • Author: Michael Beckley
  • Publication Date: 01-2012
  • Content Type: Policy Brief
  • Institution: Belfer Center for Science and International Affairs, Harvard University
  • Abstract: Despite the hype about the rise of China, current power trends favor continued U.S. dominance. National power has three main material components: wealth, innovation, and military power. Over the last twenty years, China has fallen further behind the United States in all of these areas.
  • Topic: Security, Defense Policy, Economics, International Trade and Finance, Bilateral Relations
  • Political Geography: United States, China, Asia
  • Author: Sophie Meunier
  • Publication Date: 05-2012
  • Content Type: Policy Brief
  • Institution: Columbia Center on Sustainable Investment
  • Abstract: China is investing throughout the world, in industries from automobiles to zinc. In the US, Chinese foreign direct investment (FDI) accounted for only 0.25% of total FDI stock in 2010,but it is likely to increase as China diversifies its holdings and seeks to obtain technology, managerial know-how and easier access to US consumers. As these investments multiply, we expect a few cases to attract negative attention in the media and political arena. Chinese companies are predominately state-controlled, raising the specter that they act to fulfill strategic, rather than profit maximizing, goals. China is also an ideological rival, causing irrational concern that Chinese investment in the US may act as a Trojan Horse of Chinese values and politics --fueled by rational concerns about subsidies, piracy, and economic espionage.
  • Topic: Economics, International Trade and Finance, Foreign Direct Investment
  • Political Geography: United States, China
  • Author: Jane Nakano
  • Publication Date: 05-2012
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: The United States, Japan, and the European Union—the three key consumers of Chinese rare earth materials—formally complained to the World Trade Organization (WTO) in March about Chinese restrictions on its rare earth exports. Several weeks later, China announced the establishment of a 150-plus member association with the official aim of promoting sustainable development within this sector. Some analysts wonder if this is part of a Chinese plan to circumvent international complaints by instituting an oligopolistic arrangement to control its rare earth exports. Others ask if this could be another step in an escalating dispute with China over the global supply of rare earth materials.
  • Topic: International Relations, Development, International Trade and Finance, Markets, Natural Resources
  • Political Geography: United States, Japan, China, Europe
  • Author: Yogesh Joshi
  • Publication Date: 04-2012
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: US President Barack Obama used his 2012 State of the Union speech to explain that evolving geopolitical realities continue to make the United States indispensable in global politics. In the Asia-Pacific this indispensability emanates, in part, from the waves caused by the rise of China. Consequently, demands for an increased US presence echo around the region. In response, the United States has renewed its commitments to Japan, South Korea and Australia, stepped up its relations with Southeast Asia, and reasserted itself as an important player in multilateral institutions including the East Asia Summit, APEC, and ASEAN. Clearly, in the 21st century, US strategic focus has shifted from the Atlantic Ocean to the Pacific and Indian Oceans.
  • Topic: Foreign Policy, Defense Policy, International Security, Power Politics
  • Political Geography: United States, Japan, China, India, South Korea, Australia, Southeast Asia
  • Author: John Lee
  • Publication Date: 04-2012
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: In a recent online article in Foreignpolicy.com, regular columnist and head of the Economic Strategy Institute, Clyde Prestowitz, argued that the next president of the World Bank should be Zhou Xiaochuan, Chairman of the People's Bank of China. For Prestowitz, it was not just Zhou's excellent credentials that made him ideal for the position, but also the fact that he is Chinese. China is accurately accused of “gaming” the global economic liberal order through its currency policies, restricted market access for outside firms and governments, and internal intervention in the economy to the detriment of foreign firms. But Prestowitz believes that such an appointment would significantly encourage China to behave as a “responsible stakeholder.” Behind this thinking is the argument that the more power, prestige, and authority China accumulates within the existing order, the more liberal Chinese economic policies will become.
  • Topic: Democratization, Economics, International Trade and Finance, Markets, Monetary Policy
  • Political Geography: China
  • Author: Masako Ikegami
  • Publication Date: 04-2012
  • Content Type: Policy Brief
  • Institution: East-West Center
  • Abstract: As North Korea's latest rocket-missile launch approaches, there is speculation whether Beijing can halt Pyongyang's missile ambitions. In my view, Beijing will turn a blind eye towards North Korea's latest provocation, while simultaneously calling for restraint by all parties. Recently, the China-North Korea “blood alliance,” a concept of allies that originated during the Korean War, has been renewed, and it is in China's interests that North Korea consolidates its “absolute deterrence” capability to deter US forces in the region.
  • Topic: Foreign Policy, Defense Policy, Arms Control and Proliferation, Nuclear Weapons, Bilateral Relations
  • Political Geography: United States, China, North Korea