Commentary Australia, the United Kingdom, and the United States on Sept. 16 took a major step toward creating a meaningful new strategic alliance—AUKUS—to constrain adventurism by the Chinese Communist Party (CCP) and to project Western power in the Indo-Pacific. The deal was developed quickly and in secret (even from senior Australian cabinet ministers, who were…
The New AUKUS Alliance Puts Meat on the Military Challenge to Beijing
China Went to War a Long Time Ago, but the US Didn’t (Want to) Notice
Commentary President Joseph Biden spoke with Chinese leader Xi Jinping on the phone last week. Biden’s stated objective: To establish “guardrails” for the U.S.-China relationship in order to ensure the competition between the two nations doesn’t veer into outright conflict or a shooting war. Sounds good. But it assumes Beijing sees itself as simply being…
AUKUS: Democracy Reinforced
September 17, 2021
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AnglosphereAUKUSAustraliaaustralia-chinaFuture Submarine ProgramInternationalJoe BidenOpinionThinking About ChinaUKUSUS NewsViewpointsWorld
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Commentary The new strategic alliance between three of the Anglosphere powers, the United States, United Kingdom, and Australia—AUKUS—is a magnificent achievement. It is likely that Defence Minister Peter Dutton and probably Assistant Defence Minister Andrew Hastie played a significant role in the conception and realisation of this project. The immediate and practical question for Australia is…
Australia, Britain, and the US Close Ranks Against China
Commentary Australia, the United Kingdom, and the United States (AUKUS) just took a huge step in the right direction toward deterring China’s aggression. On Sept. 16, President Biden announced that the United States and Britain would assist Australia in acquiring nuclear-powered attack submarines. The submarines will be equipped with nuclear-capable cruise missiles, though not with…
The Lithium Wars: China Is Outmaneuvering the US
Commentary The Chinese Communist Party (CCP) and the Taliban, Afghanistan’s new rulers, have formed increasingly strong bonds. The CCP has its eyes on Afghanistan’s mineral deposits, which are worth somewhere in the region of $1 trillion. The United States occupied Afghanistan for 20 years, yet failed to capitalize on the most lucrative of opportunities. Home to…
Will the New AUKUS Pact Transform Security in Asia?
Commentary Negotiated in secret and sprung on the world last week, Australia, the United Kingdom, and the United States have created a new defense pact that is a direct if unspoken challenge to the growing Chinese military threat in Asia. Dubbed AUKUS (or, more awkwardly sometimes, AUUKUS), its immediate goal is to create a framework…
Evergrande Default Could Rock China’s Entire Economy
September 16, 2021
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AnalysisBusiness & EconomyChinaChina Business & EconomyChina debt marketChina Evergrande GroupChina Huarong Asset ManagementCompaniesdefault on paymentsOpinionThinking About China
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Analysis China’s public debt already stands at 270 percent of GDP, and non-performing loans have hit $466.9 billion. In addition to existing economic challenges, real estate giant Evergrande Group has signaled that it may default on payments owed to creditors. China’s second largest developer has been facing a liquidity crisis as its onshore bond trading…
China’s Famous New Plan Has Begun to Stifle Growth
Commentary As readers of this column ought to know, China’s economy has a lot going against it these days. Prominent among its growth impediments are COVID-19, aging demographics, and a shift in the West to source in other economies. Now evidence has begun to pile up that Beijing’s “Made in China 2025” plan, with its…
China’s Military Dominance in the Western Pacific Is Exaggerated
Commentary There is a tendency nowadays to accord China’s military a certain amount of implicit superiority in the far western Pacific Ocean. This includes the East and South China Seas, and especially in the Taiwan Strait. China’s new emphasis on projecting maritime power puts considerable pressure on the United States when it comes to maintaining…
China Flirts With Universal Basic Capital; US Flirts With Universal Basic Income
Commentary As the Chinese Communist Party (CCP) cracks down on everything, from video games to the housing sector, Party leader Xi Jinping has called on the country to strive toward “common prosperity.” China’s ever-increasing wealth gap must be addressed; this comes through the redistribution of wealth. Some China-friendly authors have called for Universal Basic Capital (UBC), which revolves around…
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