While the Canberra political establishment has been sparring with China’s Foreign Ministry – and with Australian billionaires – much of the corporate elite has begun puzzling how to slipstream China’s post–Covid-19 economic recovery.
Optimists hope that Beijing will summon a massive
China’s economic growth has fallen to its slowest rate since 1990, and this deceleration looks set to continue unless China implements the kinds of deep reforms behind the successful economic transitions of Japan and Korea
In 2017, Chinese President Xi Jinping delivered a speech to the 19th National Congress of the Chinese Communist Party stating that China now “stands tall and firm in the East”. He added, China’s example “offers a new option for other countries and nations who want to speed up their
“CHINA’S GDP GROWS AT SLOWEST RATE IN 29 YEARS” bellowed the Financial Times headline last week. Never mind that this rate was still three times faster than OECD growth. The past decade has seen a relentlessly alarmist narrative about China’s slowing growth, yet China is still recording over
In the space of just a few decades, China has risen to the rank of a world power, and certainly an Asian regional power. And now China and the US have locked horns in a great-power struggle over trade, foreign investment, intellectual property, technology-transfer policies, industrial policy, cyber
Slow but steady
It has often been said that despite periodic diplomatic upheavals, Australia has been fortunate to have a sprawling multi-ethnic Asian neighbour to its north that has managed to remain largely unified.
But here’s a fresh take on Indonesian stability that puts the recently agreed
If Australia’s senior international ministers were surprised by the sharpness of US Secretary of State Mike Pompeo’s approach to economic dependence on China at the recent AUSMIN talks, they should have studied the US trade data the previous day.
A great divergence
In June, a controversial statement from a UBS economist set off a firestorm in mainland China, causing serious trouble for the Swiss banking behemoth in one of its most important markets. Nationalist anger circulated on Chinese social media. The company apologised for the remarks and placed the
China is sparing no efforts in promoting the Belt and Road Initiative (BRI), which, as Beijing claims, aims to enhance regional connectivity between China and countries in Asia, Africa, Europe, South America and even the Pacific.
The role for SOEs is a two-way process. SEOs could affect China’s
The recent collapse and restructuring of Baoshang Bank – a smaller but still large bank based in Inner Mongolia in China – has once again raise the issue of the likelihood of a financial crisis in China. I argued last year (China’s looming financial crisis) that a financial crisis has been
In 2018, Xi Jinping seemed to be in an almost unassailable position in Chinese politics. China’s president started the year with the sort of political power that few since Mao have enjoyed, with what was seen as an emphatic victory for him at the 2018 National People’s Congress for his proposal
While China still uses the rhetoric of “reform and opening up” its financial system remains relatively closed and is set to get even more unfriendly for foreign investors despite some recent announcements on liberalisation.
The recent news that China continues to delay access by Visa and
With the US–China economic rivalry intensifying and “decoupling” becoming the mantra in Washington, what mindset, or economic model, is behind President Donald Trump’s response to China?
Trump is a Republican, but not as we know them. Republicans favour free international trade,
The continued legitimacy of the Chinese government under President Xi Jinping, as it was with former president Hu Jintao, depends on two main pillars: improvements in people’s material wellbeing and a strong sense of national pride. The notion that the government will improve the Chinese people’
In the four decades that have followed China’s initial stage of post-Mao “Reform and Opening Up”, the world has learned to expect great things from the Middle Kingdom’s centrally-planned economy. It has established itself as the low-end “factory of the world” and orchestrated an
Governor of the Reserve Bank of Australia Philip Lowe’s speech last week highlighting the risks to the Chinese financial system from shadow banks – non-bank financial institutions often operating in more lightly regulated wholesale markets – has once again drawn attention to the
If you believe the headlines, a new era of financial openness has started in China. Certainly, the number of recent announcements is unprecedented in terms of scope.
This month saw index provider MSCI announce details about the inclusion of “China A” shares in its much-followed emerging
How does Australia’s economy align with those of our Asian neighbours? What are the development challenges facing nearby South East Asian countries? And just how large is China’s economy? These questions are of particular interest this week as the ASEAN-Australia Special Summit is held in Sydney
Markedly slower growth and imminent financial crisis have been the common dual predictions for China over the past decade. China’s growth has indeed slowed from its unsustainable breakneck pace in the two decades before the 2007–08 global crisis, but since then has settled down to a steady 6–7
With the North Korean nuclear threat seemingly sidelined until after the Winter Olympics at least, this geopolitical year is starting in a curiously similar way to last.
US President Donald Trump will share more than a dubious hairdo with Chinese President Xi Jinping next week when he
The 19th Party Congress was a watershed for the Xi administration. Feverish speculation about candidates for promotion the Politburo Standing Committee is over, but their policy significance much as before: enigmatic.
There is a natural interest in factional or interest group allegiance. It is now
Xi Jinping, a politically daring, economically cautious, Chinese leader is certain to win a second five-year term at the 19th Party Congress, but his harsh line against his opponents, and his timidity on the economy, may come back to haunt him in his second term
The China bears have been around for years, continuously predicting the end of China's stellar growth story. In 2012 Michael Pettis expected annual growth to average 3% over this decade and in 2015 Tyler Cowen warned of an imminent disastrous financial collapse. So far, so good. China's
China’s Belt and Road Initiative is one of President Xi’s most ambitious foreign and economic initiatives. It reflects a combination of economic and strategic drivers, not all of which can be easily reconciled. Photo: Flickr/Johannes Zielcke.
There’s been a good deal of mixed messaging coming from Australia's Deputy Prime Minister Barnaby Joyce recently.
This week he made headlines by declaring to an audience (which included the Chinese ambassador) that Labor's policies for insisting on rules concerning vegetation
The 19th issue of the G20 Monitor focuses on the state of the G20 in the initial months of the Chinese G20 Presidency and examines policies that could contribute to the G20’s core goal of improving global economic growth.
Photo: Getty Images/ChinaFotoPress
Chinese Assistance in the Pacific: Agency, Effectiveness and the Role of Pacific Island Governments
Philippa Brant and Matthew Dornan
Asia & the Pacific Policy Studies
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