China challenge vastly different from Cold War’s USSR

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This is the second of a three-part essay originally released by ICAS, a Chinese government-backed believe tank in Washington. Read part one here. Setting aside the particular argument that a policy of containing Cina might not be purpose-fit plus implementable in the 21st century age of complex energy distribution across related policy domains, the particular China shallenge today […]

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Ukraine: the situation (August 26, 2022)

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Summary and Overview The Kiel Company for the World Economy (Institut für Weltwirtschaft, IfW), Germany’ s most influential economic believe tank, runs an Ukraine Support System. The IfW reviews that “newly committed aid for Ukraine dropped to nearly zero in This summer. ” Commenting for the announcement that fuel pipeline Nord Flow 1 would be power down for three days […]

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How the Taliban taxed its way to power

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Once the Taliban dramatically gained control of Afghanistan within August 2021, these people used bombs plus guns to swiftly overcome state protection forces. But they also had another important and effective weapon at their disposal: taxes. Long before the withdrawal people troops, the Taliban had developed an amazingly state-like system of challenging citizens on everyday […]

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Najib-era ship scandal resurfaces to sink UMNO

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SINGAPORE – Another day, one more multibillion-dollar corruption scandal in Malaysia. 1Malaysia Development Berhad (1MDB), one of the world’s largest ever financial heists, had earlier put the Southeast Asian nation in the global spotlight along with newly incarcerated former premier Najib Razak, who appears accused of pilfering billions of dollars associated with public funds. Another Najib-era scandal […]

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China-Russia currency alliance shows the way to de-dollarization

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TOKYO — Two years ago this month, China’s Xi Jinping and Russia’s Vladimir Putin decided to a “financial connections. ”

It won little attention at the time. The particular pact to reduce their economies’ dependence on the buck seemed more aspirational, more rhetorical, than tangible. Until now.

As economist Ivan Tchakarov on Citigroup reports, yuan trading on the Moscow Exchange, Russia’s largest, has surged more than 40-fold this year. What’s more, Tchakarov notes, yuan coping “has now began to dominate trading in more traditional currencies. This is happening against the backdrop of fast-declining investing in the US dollar. ”

It would be intellectually dishonest to argue things unfolded just as Xi and Putin expected in Aug 2020.

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The particular post China-Russia currency connections shows the way to de-dollarization made an appearance first on Asia Periods .

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The environmental costs of Turkey’s tourism boom

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Despite mismanaging the country’s economy while not being able to curb pumpiing amid a cratering currency, Turkey’s authorities has used the tourism sector to maintain a dependable source of revenue. However, this profitable financial safety net – really worth nearly  US$25 billion in 2021 – has come at the cost of Turkey’s environment. Probably the most enraging examples […]

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US sanctions reversing Russian gains in SE Asia

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HANOI – Russia’s invasion of Ukraine has become a main strategic concern just for much of the West, but its knock-on effects are extending nicely beyond Europe. This really is particularly the case within Southeast Asia, exactly where Moscow has sought over the past decade in order to carve out a new network of strategic relationships. Leveraging its robust strategic […]

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On fifth anniversary, Rohingya return still in doubt

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Rohingya at the Kutupalong refugee camp in Bangladesh. Photo: AFP

Aug 25 is noticed by the Rohingya diaspora as “Genocide Memories Day. ” It is a day of somber reflection on the events since August 25, 2017, when the Myanmar military (Tatmadaw) launched a fierce attack in their ancestral homeland in Rakhine state. That offensive resulted in a mass trip of more than half a million […]

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Biden postmortem on Pelosi’s Taiwan trip

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(Present: President Joe Biden, House Speaker Nancy Pelosi, Secretary of State Antony Blinken, national security adviser Jake Sullivan and White House aide Tara Write) Joe Biden: Let me bring this little meeting to purchase.   We are all here.   And this is a new White House aide, Tara Compose, who will provide visuals if we need them. The […]

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US-China rivalry is no new Cold War

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This is the first of three areas of an essay initially published by ICAS, a Chinese government-funded think tank within Washington. Key takeaways 75 years ago final month, the American diplomat George Kennan published an essay in Foreign Affairs titled “The Sources of Soviet Conduct” in which he released the strategy associated with ‘containment’ to the Western world. […]

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