China Policy Institute: Analysis

China’s Critical Year

Written by William Hurst.

In his Independence Day Speech, on 17 August 1964, Sukarno famously declared the start of what he called the “Year of Dangerous Living”.  In the 14 months following that speech, Indonesia was indeed rocked by violent struggles between parties and factions with competing Communist, religious, and right-wing militarist visions for its future, even as Sukarno embarked upon his most radical foreign policy initiatives within Southeast Asia and in withdrawing from important multilateral bodies and organisations.  The culmination of all this, of course, was the coup and counter-coup, beginning on 30 September 1965, that led to Sukarno’s fall, Suharto’s seizure of power, and the inauguration of his “New Order” regime that went on to hold power for more than three decades.  Contemporary Indonesian history to a remarkable degree turned on this one critical juncture.  China has faced similar moments in its recent past – 1953, 1958, 1966, 1978, and 1989 all come to mind – but the current period marks a similar inflexion point in China’s political, economic, and social development. Continue reading “China’s Critical Year”

China’s leaders and citizens are losing patience with North Korea

Written by Yu Tao. 

China is generally considered the only major ally of North Korea, a regime viewed around the world as cruel, evil, and backward. But whatever the government in Beijing might think of its troublesome neighbour on the other side of the Yalu River, many Chinese people have developed a rather cooler attitude.

For some time now, China’s official discourse has framed its relation with North Korea as comradely and brotherly. This closeness goes back decades; even modest estimates say that during the Korean War of 1950-3, when China backed North Korea, well over 100,000 soldiers lost their lives. Most were young men in their early 20s, and some of their remains were only returned to China very recently. Continue reading “China’s leaders and citizens are losing patience with North Korea”

China’s unloading of FX reserves, spillbacks, and quantitative tightening

Written by Miriam L. Campanella.

China’s economic strength often is referred to $3 trillion in foreign currency reserves. Piled up since the 90s with the start of the new economic policy, the composition of this wealth is made up by 70 percent (or $2.3 trillion)  in U.S. dollar assets.  Yet, , if China  were  planning for a sell-out, the Fed’s zero-bound interest rate and a  depreciating dollar,  would  earn  China  very little of these riches. Continue reading “China’s unloading of FX reserves, spillbacks, and quantitative tightening”

Taiwan’s Truth and Reconciliation Committee: The Geopolitics of Transitional Justice in a Contested State.

Written by Ian Rowen and Jamie Rowen.

On 20 May 2016, Tsai Ing-wen, the chair of the Democratic Progressive Party (DPP), was inaugurated as the president of the Republic of China (ROC) on Taiwan. During her inauguration speech, she announced that she planned to set up a truth and reconciliation commission (TRC) inside the presidential office. ‘For the new democratic system to move forward,’ she said, ‘we must first find a way to face the past together.’ She continued by remarking that, ‘The goal of transitional justice (TJ) is to pursue true social reconciliation, so that all Taiwanese can take to heart the mistakes of that era.’ Continue reading “Taiwan’s Truth and Reconciliation Committee: The Geopolitics of Transitional Justice in a Contested State.”

AIIB goes global

Written by Andreea Brînză.

In 2009, at China’s version of Davos, the Bo’ao Forum, a Chinese scholar advocated for setting up a regional bank that will accelerate the development of Asian countries by closing the infrastructure gap in Asia. The proposed name of the bank was the Asian Infrastructure Investment Bank, and, eight years later, its fate would be tied not only to China and Asia, but also to Europe, Africa, Australia and even the Americas. The six continents are now encompassed by the AIIB (Asian Infrastructure Investment Bank), which was brought to life under the leadership of Chinese President Xi Jinping, as a bank that would alleviate poverty from Asia especially through investments in infrastructure. Continue reading “AIIB goes global”

The Sports Industry: the Next Big Thing in China?

Written by Dongfeng Liu.

Whilst only three to five years ago confidence in the Chinese sports sector was still fragile after a damaging football corruption scandal, today the landscape is much improved. Indeed, the past few years have witnessed unprecedented investment in the sports sector in China. Wang Jianlin and Jack Ma, the two men who took turns topping China’s rich list, have been leading the way in investment in sport with each splashing out billions of dollars on sport properties. The financial muscle of the Chinese top flight professional football league and the recent eyebrow-raising spend on player transfer has now put the clubs across Europe on high alert. In short, the perception of the sports industry in China has changed from almost “nothing” into the “next big thing” over a relatively short space of time. So, what has led to this seemingly sudden investment fever in sport? Will China become the nouveau Eldorado of sport business? Continue reading “The Sports Industry: the Next Big Thing in China?”

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