Commentary As the Russian invasion of Ukraine risks escalating into a nuclear war, the Chinese Communist Party (CCP) refuses to make a clear-cut commitment to distance itself from the aggressor. This is clear following the video call between President Joe Biden and his counterpart Xi Jinping on March 18. However, in the lead-up to the…
Are Chinese Super Weapons Too Expensive to Use?
Commentary The failure of the Russians to use their most advanced tanks in Ukraine recalls critical historical lessons that apply to advanced Chinese weapon systems like their capital ships and J-20 fighter. A significant part of the Russian army’s poor performance involves their tanks, including the total absence of the new and feared T14. Their…
China Implicated in Iran’s Global Money Laundering
March 22, 2022
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ChinaChinese RegimeFinance & Business TiesGlobal ExpansionIranmoney launderingOpinionsanctionSpecial TopicsThinking About China
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News Analysis China is implicated in Iran’s international money laundering system, according to a new report by The Wall Street Journal. The Journal “reviewed financial transactions for scores of Iranian proxy companies in 61 accounts at 28 foreign banks in China, Hong Kong, Singapore, Turkey and the United Arab Emirates totaling several hundred million dollars,”…
Beijing Wants to Make the Yuan International, Without Releasing Capital Controls
News Analysis Beijing wants the yuan to be truly global, but this will be impossible unless the Chinese Communist Party (CCP) releases its capital controls and allows the currency value to be set by the markets. Even then, the dollar will most likely continue to be the world’s currency. Over the past two months, the…
America’s Enemies Justify the Nuclear Sea-Launched Cruise Missile
Commentary There is justified concern that as part of its upcoming Nuclear Posture Review (NPR), which assesses the nuclear deterrent requirements of the United States, the Biden administration will cancel the Trump administration’s 2018 NPR decision to revive production of the nuclear-armed, sea-launched cruise missile (SLCM-N). Russia’s repeated use of nuclear coercion during its faltering…
China and Russia Share a Similar Skepticism of NATO
News Analysis China has made several official pronouncements over the last several days that suggest it is not backing away from its tacit support for Russia’s military operation in Ukraine. Facing increased condemnation from its “pro-Russia neutrality,” as some pundits have called it, Beijing has doubled down on its support for Moscow. More than this,…
China Remakes Global Markets
March 22, 2022
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Business & EconomyBusiness ColumnistsLondon Metals ExchangeOpinionThe Hong Kong Stock ExchangeThinking About ChinaTsingshan Holding
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Commentary Away from the battlefields of Ukraine, a battle is taking place on a global exchange for what exactly constitutes a market and their rules. China, long known for manipulating its domestic market and cheating on global markets, is taking that to a new level by protecting Chinese firms from trading losses. The London Metals…
Sanctioning China: The Experts Weigh In
Commentary The month of March has seen the United States, the United Kingdom, and the European Union hit Russia with a whole host of economic sanctions, and further sanctions will likely follow. Now, though, it’s time to turn our attention to China. After all, Chinese leader Xi Jinping won’t rest until his number one obsession,…
China Lures the Saudis Into Its Orbit
March 21, 2022
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ChinaChina Business & EconomyGlobal ExpansionOilOpinionSaudi ArabiaSpecial TopicsThinking About ChinaUS-China relations
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News Analysis The Kingdom of Saudi Arabia (KSA) is considering a major defection from its long-standing economic alliance with the United States. The likely winner would be China. Having priced all of its oil in dollars since 1974, which has helped give the greenback massive value globally, the Saudis are softening to persuasion from Beijing,…
China Braces for Food Crisis
News Analysis Last November, a wave of panic buying and hoarding was spurred by a message from China’s Ministry of Commerce, instructing local governments to stabilize food supply and prices. Now, as the war in Ukraine is threatening wheat and fertilizer exports, China braces for a food crisis, while Americans can expect higher prices at…
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