India’s fine balance in a world of asymmetrical multipolarity

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Russian President Vladimir Putin and Indian Prime Minister Narendra Modi meet at the SCO summit in Astana, Kazakhstan, on June 9, 2017. Photo: Sputnik / Alexei Nikolsky / Kremlin via Reuters

In the past decade, global geopolitical transitions have gathered momentum. This is largely due to the emergence of the Indo-Pacific as the global center of gravity. Obituaries of the US-led liberal international order may be exaggerated, but the shift towards multipolarity is in motion. The primary reason for this has been the continued rise of […]Continue Reading

All eyes on PBOC as US banking woes go global

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Yi Gang, the governor of the People's Bank of China, has tried to reassure investors. Photo: AFP / Wang Zhao

If Governor Yi Gang’s staff at the People’s Bank of China had been planning a vacation in 2023, it might be time to cancel. The PBOC’s surprise move on March 27 to lower the reserve requirement ratio (RRR) for financial institutions by 25 basis points is the first official acknowledgment that troubles from Silicon Valley […]Continue Reading

No, the US hasn’t ‘lost’ Vietnam

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The recent purge of several apparently Western-leaning officials in Hanoi has led to some trepidation among foreign diplomats about whether Vietnam’s broader foreign policy is shifting decidedly toward Beijing.  Deputy prime ministers Pham Binh Minh and Vu Duc Dam were removed (though it was said they “resigned”) from the Politburo and then their government posts […]Continue Reading