How China can reach its centennial goal

Two years ago, Chinese President Xi Jinping declared that by the time the People’s Republic celebrates its centenary in 2049, it should be a “great modern socialist country” with an advanced economy. To achieve this ambitious goal, China will need to secure another three decades of strong economic performance and inclusive development. The question is how?The first step toward answering this question is to understand what has driven China’s past successes.

20 October 2019
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China’s Hong Kong problem

The demonstrations and the political crisis in Hong Kong are now into their fourth month. Every weekend, people take to the streets to protest against their government and the armlock in which China’s communist regime holds it. And for now, at least, there seems to be no resolution in sight.The political drama began with protests against the attempt by Hong Kong’s chief executive, Carrie Lam, to introduce a bill allowing the city’s citizens to be extradited to mainland China.

13 October 2019
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Saving the Japan-South Korea relationship

Japan and South Korea have never been easy partners. Although both have long been well-consolidated democracies, historical and territorial disputes have consistently marred bilateral relations.

6 October 2019
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The Asianized world has arrived

In the 19th century, the world was Europeanized. In the 20th century, it was Americanized. Now, it is being Asianized – and much faster than you may think.Asia’s rise has been swift. Home to more than half of the world’s population, the region has climbed from low- to middle-income status within a single generation.

5 October 2019
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A woman-focused climate agenda

From teen activist Greta Thunberg’s much-publicized transatlantic journey on a zero-emissions boat to attend the United Nations (UN) General Assembly to the proliferation of climate protests, the world is more aware than ever of the climate threat. Yet this increased awareness has yet to translate into collective action by world leaders to mitigate climate change, let alone targeted efforts to protect the most vulnerable groups – beginning with women and girls.The facts speak for themselves.

1 October 2019
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The renminbi’s bid for freedom

In early August, the renminbi’s exchange rate broke through the psychological threshold of CN¥7 per United States (US) dollar. While investors were still digesting the full significance of this event, US President Donald Trump’s administration startled the market by labelling China a “currency manipulator.”The designation is absurd, to say the least, because China doesn’t meet the US government’s own criteria for being a currency manipulator.

9 September 2019
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Myths about Kashmir

The Indian government’s recent decision to revoke Kashmir’s special semi-autonomous status has raised fears of yet another conflict with Pakistan over the disputed territory. But in order to understand the implications of the events unfolding in Kashmir – a heavily militarised geopolitical tinderbox situated at the crossroads of central Asia – it is essential to dispel the many myths and misunderstandings surrounding it.The first myth relates to the name itself.

8 September 2019
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More than a trade war

The escalating trade war between the United States (US) and China has sometimes been characterised as what game theorists would call a prisoner’s dilemma. A prisoner might benefit by informing on another, but only if the second prisoner does not also betray the first. If both inform, both lose; the best outcome occurs when both remain silent.

1 September 2019
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Is Britain becoming a failed state?

What is a failed state? Not so long ago, when I was Britain’s Overseas Development Minister, and later European Commissioner for External Affairs, I would probably have tried to answer the question by pointing to specific examples, including several countries in Latin America and Africa.I would have highlighted tribal conflicts, military coups, economic failure, extremes of poverty, and high mortality rates.

25 August 2019
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The currency manipulation game

The trade war between the United States (US) and China is heating up again, with US President Donald Trump abruptly announcing plans to impose a 10 percent tariff on the US$300 billion worth of imports from China that he had so far left untouched. The Chinese authorities then allowed their currency, the renminbi, to fall below the symbolic threshold of CN¥7 per US dollar.

11 August 2019
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The real reason for China’s rise

China’s rapid economic rise in recent decades has astonished the world. Yet the reasons behind the country’s success are often misunderstood and misinterpreted.The rise of China widely attributed to its state capitalism, whereby the government, endowed with huge assets, can pursue a wide-ranging industrial policy and intervene to mitigate risks.

8 August 2019
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China’s Cambodian invasion

It has long been feared that Cambodia’s growing dependence on China – its largest aid donor, investor, and creditor – would lead to a Chinese military presence in the country. According to a recent Wall Street Journal report, those fears are now coming true.Like a gambler reliant on a loan shark, Cambodia has, in recent years, racked up massive, opaque debts to China, which it cannot repay.

5 August 2019
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