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Belt and Road: The Asian perspective
In only six years, China’s Belt and Road Initiative has had broad impact across Asia and beyond. Up to $1 trillion has been committed to hundreds of projects, with the goals of bridging economies, opening Chinese companies to foreign markets and changing the landscape of international development finance. Going forward, outside criticism and dynamics at home will likely change the nature of new projects, but the core features of the BRI will remain the same.
Between two trade agreements, Asia-Pacific seeks balance
The Asia-Pacific region is seeking a balance of economic and geopolitical benefits with two overlapping trade agreements. Across both sides of the Pacific, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership replaces the defunct TPP agreement after the withdrawal of the United States. Meanwhile, in Asia, the ten ASEAN member ...
China’s superpower pragmatism in Southeast Asia
Though Washington sees China as trying to supplant the U.S. as the global superpower, what Beijing really wants is to carve out a sphere of influence in Eurasia and parts of Africa. Whether it can attain this role of “junior superpower” will depend greatly on the success of the Belt ...
What’s wrong with the renminbi exchange rate?
Prospects for a U.S.-China trade deal now seem to be hanging by a thread. Even before the most recent disagreement, however, the Trump administration had already begun drawing attention to a new question: whether China had been engaging in protectionism by manipulating its currency. But the administration’s argument reveals confused ...
The U.S.-China AI race: A ‘third way’ for Europe?
As artificial intelligence becomes a key source of competition between China and the United States, the European Union is being left behind. Until recently, Europe has focused on regulations and the ethics of AI, at the expense of technological development. The EU is now launching new research initiatives, but it ...
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