ON FEBRUARY 6th, a few days before the Chinese new year, banks in Taiwan offered something new to their customers: deposit accounts in China’s currency, the yuan. The banks were full of seasonal generosity, offering much better terms than depositors normally enjoy. At Bank SinoPac, customers without two yuan to rub together can open an […]
China urges caution and opposes moves that increase tension. The United States and its allies may boost their military presence in the Asia-Pacific region, citing Pyongyang’s nuclear test, analysts said. The comments came as China engaged in a flurry of diplomacy on Wednesday to ease regional tension. “More drills by the US and its allies […]
Last Wednesday, China’s new leader went looking for advice. “The CPC should be able to put up with sharp criticism, correct mistakes if it has committed them and avoid them if it has not,” said Xi Jinping, referring to the Communist Party of China. “Non-CPC personages should meanwhile have the courage to tell the truth, speak words […]
A few months ago, the eminent Chinese scholar Wang Jisi noted that China had achieved “first class power status” and “should be treated as such.” The current situation with North Korea suggests two responses: There is scarcely a more opportune moment for Beijing to step up to the plate; and be careful what you wish for. Read […]
President Barack Obama called for raising the federal minimum wage to $9 an hour and warned he’ll use executive powers to get his way on issues from climate change to manufacturing if Congress doesn’t act, laying out an assertive second-term agenda sure to provoke Republicans. In the first State of the Union address (See Here) since winning re- […]
Asia’s energy-hungry economies are turning to a new, politically stable and potentially cheaper source of gas: the United States. While the domestic debate continues over U.S. energy exports, major gas importers such as Japan, South Korea and China are scrambling to invest in the new energy superpower’s gas projects. Should major exporters of liquefied natural gas […]
In November 2012, the Chinese Communist Party (CCP) held its 18th National Congress, setting in motion a once-in-a-decade transfer of power to a new generation of leaders. As expected, Xi Jinping took over as general secretary and will become the president of the People’s Republic this March. The turnover was a smooth and well-orchestrated demonstration […]
China and India announced they will resume joint military exercises at the conclusion of the Annual Defense Dialogue on January 14. It suggested a sign of growing engagement. The People’s Daily applauded India’s decision to go ahead with the exercises in the face of pressure from the US and Japan. “The future generations are assured […]
Speculating about China’s possible political futures is an intellectual activity that intrigues some and puzzles many. The conventional wisdom is that the entrenched Chinese Communist Party (CCP), so determined to defend and perpetuate its political monopoly, has the means to survive for an extended period (though not forever). A minority view, however, holds that the CCP’s days […]
THE border between Yunnan province and northern Myanmar (formerly Burma) has always been porous. To the people who live in the region, the border is a crooked mark on other people’s maps, an arbitrary boundary snaking its way 2,400 kilometres through rugged and wild terrain. The authorities in Beijing have seen the same land as […]
looking beyond borders 