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ChinaGeopoliticsRussiaUkraineUSA

China walks diplomatic tightrope after shunning sanctions on Russia, while calling for end to crisis in Ukraine

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As the tragic events in Ukraine escalate and countries around the world ratchet up sanctions on Russia, China faces a difficult balancing act. 

While its neutral stance towards the conflict has been viewed with opprobrium in some quarters, Chinese leaders are not insensible to the human suffering in Ukraine. Nevertheless, they are obliged by certain realities to tread carefully.

Russian military action in Ukraine offends China’s longstanding principle of non-interference in the affairs and territorial integrity of other nations.

 

Continue reading at Trade Finance Global...

* First published in Trade Finance Global (15 March 2022)

Photo credit: Max Kukurudziak on Unsplash

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ChinaGlobal MarketsMonetary PolicyUSA

The Fed’s next steps: Monetary policy and implications for social stability

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On 2 January this year, a protest broke out in the small Kazakh city of Zhanaozen over a sharp rise in gas prices.

Over the following week, unrest spread to major cities across Kazakhstan, posing the greatest threat to the country’s post-Soviet regime since independence.

Although for the time being subsided, recent events in this strategically located Central Asian nation could have far-reaching geopolitical consequences.

They also highlight what is at stake as the Federal Reserve contemplates its next monetary policy moves.

 

Continue reading at Trade Finance Global...

* First published in Trade Finance Global (16 February 2022)

Photo credit: Trade Finance Global

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ChinaGeopoliticsGlobal MarketsMonetary PolicyUSA

The Roots of the China-US Financial Cold War

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Recent years have seen a steady escalation in China-US tensions, with many now claiming that the two countries are in a new Cold War. Analogies with the 20th-century conflict between the United States and the Soviet Union, however, are misplaced. At the outset of the Cold War, there was no meaningful trade or investment between the US and the USSR. With virtually no economic relationship to begin with, there was little to lose from strategic disengagement. Today, globalization has interwoven and integrated economies and supply chains around the world to an extent that would make a decoupling between China and the US not only economically damaging, but also quite likely to lead to a cascading set of international conflicts.

How did we find ourselves in this precarious position? And how can current tensions be de-escalated?

Continue reading at AsiaGlobal Online...

* First published in AsiaGlobal Online (9 December 2021)

Photo credit: DesignRage / Shutterstock.com

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