Selling Off The State In China

The good news is Xi is changing tack. Rather than just tossing more stimulus at the economy and stocks, he’s redoubling efforts to reform the inefficient and opaque state-owned enterprises at the root of so many of China’s vulnerabilities. In other words, Xi is finally working to strengthen China’s foundations rather than papering over the […]

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Airbrushing Colonial History

For better or for worse, the British empire was the most important thing the British ever did. It altered the course of history across the globe and shaped the modern world. It also led to the huge enrichment of Britain, just as, conversely, it led to the impoverishment of much of the rest of the […]

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What To Expect From Xi Jinping’s Visit To The US

With Chinese President Xi Jinping scheduled to visit the United States late this month, U.S. commentators and presidential hopefuls are debating whether Xi’s planned state visit should be downgraded or even cancelled. Organizers of the visit settled on the September timing knowing full well the presidential campaign would likely produce a toxic media environment. Read […]

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China Has Lots of Treasuries, Not Much Leverage

During the last U.S. presidential election, an editorial in a Chinese state-run newspaper declared that if Washington insisted on flouting Chinese interests (by selling arms to Taiwan, for example), Beijing should “use its financial weapon to teach the U.S. a lesson.” Three years later, America owes even more to China than the $1.16 trillion it owed then. […]

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Faith And Diplomacy

From a seeming personal fad of the PM, Buddhism has begun to acquire an unprecedented weight in India’s Asian policy. In his address to the parliament of Mongolia in June this year, Modi went beyond the notion of promoting India’s soft power to highlight the importance of Buddhism in dealing with the contemporary political challenges […]

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