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China Policy Institute: Analysis

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John Pollock

High-tech China-US arms race threatens to destabilise East Asia

Written by James Samuel Johnson.

After decades of peace, East Asia is racked with tension – and its two dominant military powers are jostling for supremacy in an extremely alarming way.

The US and China are accumulating increasingly advanced military systems to enable and enhance the assets they already have. With the Trump administration’s foreign policy still unclear and China’s aspirations to regional supremacy as ambitious as ever, they are racing to deny each other the upper hand by rolling out new military assets. Continue reading “High-tech China-US arms race threatens to destabilise East Asia”

China’s new anti-corruption body raises worrying questions about the rule of law

Written by Zhiqiong June Wang.

Corruption is thought to cost China US$86 billion each year. Widespread corruption at all levels of Chinese society also worsens economic inequality, which could potentially lead to social unrest.

Although no one doubts the importance of efforts to curb graft, anti-corruption campaigns under the leadership of Chinese President Xi Jinping have been controversial. Continue reading “China’s new anti-corruption body raises worrying questions about the rule of law”

The Belt and Road Initiative: China’s vision for globalisation, Beijing-style

Written by Benjamin Habib and Viktor Faulknor.

China’s Belt and Road Initiative (BRI) is a multifaceted economic, diplomatic and geopolitical undertaking that has morphed through various iterations, from the “New Silk Road” to “One Belt One Road”.

The BRI imagines a US$1.3 trillion Chinese-led investment program creating a web of infrastructure, including roads, railways, telecommunications, energy pipelines, and ports. This would serve to enhance economic interconnectivity and facilitate development across Eurasia, East Africa and more than 60 partner countries. Continue reading “The Belt and Road Initiative: China’s vision for globalisation, Beijing-style”

As tensions in the region rise, Japan again debates its pacifist constitution

Written by Craig Mark.

Japan could finally be gearing up for the first-ever change to its constitution. In a recent video address to a pro-constitutional revision lobby group on the Constitution Day public holiday, Prime Minister Shinzo Abe declared “the time is ripe” to begin a debate on possible change.

This is the clearest statement yet of Abe’s ambition to alter the pacifist Article 9 of the Constitution. He set a target date of 2020, when he hopes Japan will “be born anew”. Continue reading “As tensions in the region rise, Japan again debates its pacifist constitution”

Why North Korea’s nuclear threat must be taken more seriously than ever

Written by Graham Ong-Webb.

During what was the 2017 Easter weekend for most of the world, North Koreans celebrated the “Day of the Sun”. It was the 105th birthday of the country’s late founding leader and “eternal president” Kim Il-sung (1912-1994).

Thousands of soldiers, military vehicles and, most notably, various ballistic missiles were paraded for the inspection of current supreme leader Kim Jong-Un (Kim Il-sung’s grandson). Continue reading “Why North Korea’s nuclear threat must be taken more seriously than ever”

Is China on the verge of a banking crisis?

Written by Damian Tobin.

A variety of indicators suggest that China has come perilously close to a banking crisis. So far, the government has managed to keep things in check. A state-led debt restructuring indicates Chinese officials have learnt some of the lessons of the bad loan crisis faced by state banks in the 1990s. Tight control over banks and their senior personnel has long given China a ready-made platform to control its financial institutions. Continue reading “Is China on the verge of a banking crisis?”

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