Global military spending fell for the first time since 1998 despite spending increases in Russia and China, according to the Stockholm International Peace Research Institute’s (SIPRI) annual report,which was released on Monday. “Global military expenditure fell in 2012, to $1753 billion, equivalent to 2.5 percent of global gross domestic product (GDP). Although the fall was only 0.5 percent […]
Fitch Ratings downgraded China’s long-term local currency debt one notch, from AA- to A+. The primary reason for the move was the country’s too-rapid expansion of credit, one of the “underlying structural weaknesses” the agency cited in its announcement. Many analysts in fact think the debt resulting from then Premier Wen Jiabao’s borrowing binge, which began to accumulate in earnest […]
As Japan searches, still confusedly, for a new identity within Asia, it may come to appreciate, as Jeff Kingston, a close observer of contemporary Japan, writes, “the potential benefits of reassuring past enemies.” But how will the effort at reconciliation with victims of Japanese aggression shape official memories of Japan’s war in Asia? In most Asian […]
When elected president in 2000,Vladimir Putin‘s first order of business seemed straightforward: strengthen the Russian state and bring it back from oligarchic control and regional warlordism. Consolidation was in order. There were two ways to achieve that. Read Here – Moscow Times
Last week the UK’s defence select committee published a report which concluded that civil war in Afghanistan is likely when international forces leave next year. If the predictions of ‘Securing the Future of Afghanistan’ are correct, the Foreign Office and Ministry of Defence share much of the blame. When I returned to Kabul in January […]
On March 22nd, shortly after assuming the post of President of the People’s Republic of China, Xi Jinping headed off to Moscow to meet with Russian President Vladimir Putin. Observers were watching the two leaders closely, looking to divine whether or not they could overcome past divisions to achieve a new level of cooperation in bilateral ties. What […]
India and China are working towards stacking up more confidence building measures (CBMs) during a period of frequent consultations that could lead to the first-ever back-to-back visits by the two Prime Ministers, in coming months. Both sides, according to informed sources, are currently finalising details of a visit by the new Chinese Premier, Li Keqiang, […]
Of all the nightmares Chinese President Xi Jinping figured he would have to face, a resurgent Japan Inc. surely wasn’t among them. A major slowdown in the Chinese economy? Yes. Social instability? Absolutely. Debilitating pollution? Check. Rampant corruption eating away at the Communist Party’s legitimacy? You bet. An economically vibrant Japan emboldened to challenge China […]
Chairman Mao Zedong said that power comes out of the barrel of a gun, and he knew a thing or two about power, both hard and soft. If you have enough guns, you have respect. Money is the same: if you have enough cash, you can buy guns, and respect. Israel and Saudi Arabia are examples […]
U.S. Secretary of State John Kerry arrives in Asia today for meetings seeking to reassure allies in South Korea and Japan and encourage new Chinese President Xi Jinping to increase pressure on North Korea to drop its threats and nuclear-weapons development. Kerry will ask China to abide by United Nations sanctions against North Korea and shut off the flow […]
