Takeaways from the 24th Shanghai Cooperation Organisation Summit
China Global
by The German Marshall Fund
4d ago
Founded in 2001, the Shanghai Cooperation Organisation (SCO) is a Eurasian political, economic, and security forum led by Russia and China. And on July 4, 2024, the 24th summit of the SCO was convened in Astana, Kazakhstan. The summit resulted in the Astana Declaration that reaffirmed cooperation among the member states.  This year’s summit was particularly notable due to Belarus’s accession as the SCO’s first European member state and the tenth member of the SCO. The continuous enlargement of the SCO seems indicative of the organization’s shifting role, evolving from a regional cooperati ..read more
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China-Russia Trade Relations and the Limits of Western Sanctions
China Global
by The German Marshall Fund
1M ago
On May 17, Russian President Vladimir Putin concluded a two-day visit to China for his 43rd meeting with Xi Jinping. Based on public readouts, Putin emphasized the economic benefits that the Sino-Russian partnership could bring to both countries. Economic integration between Russia and China has accelerated dramatically, with total trade between them reaching $240 billion US dollars in 2023. Beijing’s decision to increase trade with Moscow after the February 2022 invasion of Ukraine has kept the Russian economy afloat.  Western sanctions have failed to cripple Russia’s economy or its war ..read more
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Xi Jinping and China's Techno-Industrial Drive
China Global
by Tanner Greer, Bonnie Glaser
2M ago
China’s rate of economic growth has slowed markedly in recent years. According to Chinese government statistics, the economy grew by 5.2% in 2023. There are numerous challenges: weak consumer confidence, mounting local government debt, and a real estate market that used to fuel the economy, but is now in a prolonged downturn. Many economists, including some in China, advocate that the government stimulate consumer spending. It is clear, however, that Xi Jinping is pursuing a different strategy. And this was quite clear when Chinese Premier Li Qiang delivered the Government Work Report last Mar ..read more
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China's Expanding Ties with Latin America and the Caribbean
China Global
by Leland Lazarus, Bonnie Glaser
2M ago
In the past few weeks, China’s relations with Latin America and the Caribbean have been making headlines. Newsweek published an exclusive story about plans to create a Chinese-run special economic zone on the island of Antigua that will have a port, a dedicated airline, its own customs and immigration procedures, and be able to issue passports. An international crypto services zone will offer opportunities to participate in cryptocurrency operations from mining to dealing. The Americas Quarterly reported that China has expressed interest in building a port complex near the Strait of ..read more
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Illiberal Effects of Chinese Foreign Direct Investment
China Global
by Jan Knoerich, Bonnie Glaser
3M ago
The Biden administration maintains that China is the only country with both the intent to reshape the international order and the power to do so. One part of China’s economic statecraft toolkit involves state-directed investments through high profile projects in the Belt and Road Initiative which are funded by loans through Chinese development banks. But the role and impact of Chinese companies that provide equity funding for FDI often receive less attention. Does Chinese foreign direct investment (FDI) have illiberal effects on recipient countries. And is this goal part of China’s economic st ..read more
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Article 23: Implications for Hong Kong
China Global
by Eric Y.H. Lai, Bonnie Glaser
3M ago
When Hong Kong was handed over to China by the United Kingdom 1997, the city was given a mini-Constitution called the “Basic Law.” Article 23 of the Basic Law states that Hong Kong shall enact laws of its own to prohibit various national security offenses. The law did not pass, however, and was scrapped after mass protests in 2003. And in 2020, the Central Government of the People’s Republic of China (PRC) imposed a separate national security law on Hong Kong, citing the city’s delay in acting on Article 23.  This year on March 19th, Article 23 was passed unanimously by the city’s parliam ..read more
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Transatlantic Perspectives on China: Consensus and Divergence
China Global
by Ben Bland, Bonnie Glaser
4M ago
In the past decade, policy toward China has hardened on both sides of the Atlantic. Governments and publics across Europe and in the United States view Xi Jinping as implementing more repressive policies domestically and more aggressive policies abroad. The US and most capitals in Europe see Beijing as seeking to revise the international order in ways that would be disadvantageous to democracies. They agree on the need for de-risking and to preserve the status quo in the Taiwan Strait.  Yet, despite the alignment in transatlantic assessments, cooperation on China remains limited. A new pa ..read more
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China's Diplomacy in the Israel-Hamas War and Red Sea Crisis
China Global
by Ahmed Aboudouh, Bonnie Glaser
4M ago
On a previous episode of the China Global Podcast, we discussed Beijing’s position on the conflict in Gaza during the early days following Hamas’ attacks on Israel on October 7, 2023. Today, we discuss one of the conflict’s spillover effects– the attacks on cargo and trade ships transiting the Red Sea by the Houthis, an Iranian-backed Shia group governing parts of Yemen. While the Chinese-brokered rapprochement between Saudi Arabia and Iran was as the beginning of a “wave of reconciliation” in the region by China’s foreign minister Wang Yi, the resurgence of violence since October 7th has prov ..read more
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Mapping China's Influence in Myanmar's Crisis
China Global
by Jason Tower, Bonnie Glaser
5M ago
On February 1st 2021, the Tatmadaw, or Myanmar military began a coup d’etat against the democratically-elected government, which was led by the National League for Democracy (or NLD) just before elected officials from the November 2020 elections could be sworn in. Since then, Myanmar has been largely controlled by a military junta, who continue to struggle against multiple ethnically-aligned armies dispersed throughout the country. Some countries in the region have refused to recognize the junta, but the People’s Republic of China called the coup simply a “major cabinet reshuffle” and accelera ..read more
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Flashpoints in the US-China Relationship
China Global
by Jean-Pierre Cabestan, Bonnie Glaser
5M ago
Many books about US-China strategic competition have been published in recent years. This episode will focus on Facing China: The Prospect for War and Peace, which examines various flashpoints in the Indo-Pacific that could result in military conflict. There are several reasons why this book stands out: First, it includes an examination of debates within China about China’s national interests; Second, it focuses not only on the challenges of major wars, but also on China’s gray-zone strategy of deliberately pursuing its interests in ways that stay below the threshold that would trigger a US mi ..read more
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