Commentary China will exploit the Russo-Ukrainian war for its own economic benefit. Any decreases in Russian oil and gas exports to Europe will likely be shifted to China. The 2015 Paris Agreement pushed China into a corner to some degree. While other nations grandly announced their nationally determined contributions to reducing greenhouse gases, China demurred…
Assume Taiwan Is the Next Ukraine
News Analysis Many observers of the Ukraine situation are comparing it to Taiwan. Both countries have their sovereignty denied by nearby nuclear superpowers. Both are relatively new democracies. And both face an adversary that is not only authoritarian, but ideologically so. Xi Jinping and Vladimir Putin both claim to believe, falsely, that their own personalistic…
Taiwan Action May Depend on China’s Domestic Situation
Commentary With the Russian invasion of Ukraine underway, many people are wondering just how long it will be until China attacks Taiwan. It’s reasonable to assume that Russia’s invasion of Ukraine may trigger the Chinese regime’s potential invasion of Taiwan. And why not? A Shared Authoritarian Vision of the World Beijing and Moscow share a…
Beijing to Address China’s Slowing Economy at the ‘Two Sessions’ Conference
News Analysis The Chinese Communist Party’s biggest annual political meetings—known collectively as the “Two Sessions”—kicked off on March 4. China’s 2021 financial report card is expected to show poor economic performance, owing to Beijing’s policies that have put the country on pace for the lowest growth in decades. During the “Two Sessions”—the meetings of China’s…
Is Beijing Nervous as Switzerland Adopts EU Sanctions Against Russia?
Commentary If the Chinese Communist Party (CCP) is still contemplating on how the world will react if it launches an attack on Taiwan, perhaps the current Swiss sanction on Russia could serve as a warning. So far, the European Union, the United States, and Japan have announced to ban Russian banks from the SWIFT financial…
Why Is This Major European Country Embracing China?
Commentary In December 2021, a number of countries, including the likes of Australia, the United States, and Canada, announced a diplomatic boycott of the Winter Olympics, which recently took place in China’s capital, Beijing. More symbolic than significant, the countries sent a passive-aggressive message to the Chinese Communist Party (CCP). In short, human rights abuses…
Trade Is Surging Between China and Russia
March 4, 2022
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Business & EconomyBusiness ColumnistsChinaChina Business & EconomyEurope-China RelationsInternational RelationsOpinionRussiaThinking About Chinatrade
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News Analysis China and Russia are drawing closer and rapidly. That was happening even before the West imposed sanctions on Russia over the invasion of Ukraine. But now that China seems willing to take at least some of what Russia may no longer be able to sell in Europe and elsewhere, bilateral trade between the…
China’s Imperiled Local Government Sector
March 4, 2022
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Business & EconomyBusiness ColumnistsChinaChina Business & Economydebtlocal governmentOpinionThinking About China
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Commentary Many of China’s local authorities are staring down a severe fiscal challenge this year. The typically robust real estate sector has instead been a big disappointment. The country’s ongoing property market slump has hit local government revenues. We’ve previously pointed out land sale revenues as being a major component of local budgets, and China’s…
Western Elites Unite to Condemn Putin—Would They Do the Same to Xi?
Commentary The Western world has united in its condemnation of Russian military action in Ukraine. Government officials, media pundits, business leaders and tech tycoons have all been quick to denounce what they perceive to be Moscow’s aggression against its neighbor Ukraine. Such a fact would seem to be reassuring for those who support a unified…
China Is Hoarding Commodities
March 4, 2022
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ChinaChina Business & EconomyEurope-China RelationsInternational RelationsOpinionRussiasanctionsThinking About ChinaUS-China relations
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News Analysis America and Europe surprised Chinese and Russian bankers. In retaliation against Russia’s invasion of Ukraine, they froze about $630 billion worth of Russian foreign reserves on Feb. 26. Moscow suddenly couldn’t utilize the hard currency reserves that it thought it possessed. It likely planned to use the billions to defend the ruble on…
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