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RichardbBrunner

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RichardbBrunner

Category Archives: China

Russia, China, and Money

29 Tuesday Mar 2022

Posted by RichardB in China, Economics, Economy, news, Politics, Research

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China, economics, reserve currency, Russia, world

The Russia-led Eurasia Economic Union and China just agreed to design the mechanism for an independent financial and monetary system that would bypass dollar transactions.

“The Eurasian Economic Union (EAEU) and China agreed to design the mechanism for an independent international monetary and financial system.”

Say hello to Russian gold and Chinese petroyuan. https://thecradle.co/Article/columns/7975

The Eurasian Economic Union: Deals, Rules and the Exercise of Power
Regardless of its multiple shortcomings, the Eurasian Economic Union (EAEU) should not be dismissed out of hand. For Russia, it is the primary vehicle for realizing a global geopolitical agenda.
Chatham House Research Paper. https://www.chathamhouse.org/2017/05/eurasian-economic-union

Russia and China, Together at Last: At the core of recent conflicts is an entente between China and Russia that the world hasn’t seen since the start of the Cold War.

“At their February 4 meeting, Putin and Xi drew on 37 prior encounters to proclaim nothing less than an ad-hoc alliance meant to shake the world. As the foundation for their new “global governance system,” they promised to “enhance transport infrastructure connectivity to keep logistics on the Eurasian continent smooth and…make steady progress on major oil and gas cooperation projects.” These words gained weight with the announcement that Russia would spend another $118 billion on new oil and gas pipelines to China. (Four-hundred billion dollars had already been invested in 2014 when Russia faced European sanctions over its seizure of Crimea from Ukraine.) The result: an integrated Sino-Russian oil-and-gas infrastructure is being built from the North Sea to the South China Sea.”

Russia and China Together at Last. https://www.thenation.com/article/world/russia-and-china-together-at-last/

Reserve Currency part 2

22 Tuesday Mar 2022

Posted by RichardB in China, Economics, Economy, news, Politics, Uncategorized

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China, China and Russia form a new economic block, Economy, reserve currency

Before the yuan can become a global currency, it must first be successful as a reserve currency. That would give China the following benefits:

The yuan would be used to price more international contracts. China exports a lot of commodities that are traditionally priced in U.S. dollars. If they were priced in yuan, China would not have to worry so much about the dollar’s value.
All central banks would have to hold yuan as part of their foreign exchange reserves. The yuan would be in higher demand. That would lower interest rates for bonds denominated in yuan.
Chinese exporters would have lower borrowing costs.
China would have more economic clout in relation to the United States.
It would support President Jinping’s economic reforms.

China is working hard to make the yuan the next global currency. Although presently a reserve currency, the yuan can’t upstage the U.S. dollar unless the following scenarios happen:

Central banks around the world choose to keep a total of at least $700 billion worth of yuan in foreign exchange reserves.
The People’s Bank of China (PBOC) allows free trade of the yuan and relaxes its peg to the U.S. dollar.
The PBOC becomes straightforward about its future intentions with the yuan.
China’s financial markets turn transparent.
Chinese monetary policies are perceived as stable.
The yuan acquires the U.S. dollar’s reputation of stability, which is backed by the enormity and liquidity of U.S. Treasurys.

DW Documentary – Taiwan vs. China – The rocky road to democracy

18 Friday Mar 2022

Posted by RichardB in China, news

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China, news

Watch “Taiwan vs. China – The rocky road to democracy | DW Documentary” on YouTube

24 Friday Dec 2021

Posted by RichardB in China, Economics, news, Politics

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China, Taiwan

https://youtu.be/otmp2NqDDX8

U.S.-China relationship

03 Friday Dec 2021

Posted by RichardB in China, news

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China, news

The Silicon Valley of Hardware: Shenzhen

12 Friday Nov 2021

Posted by RichardB in China, news

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China, news

China’s loans

15 Friday Oct 2021

Posted by RichardB in China, Economics, Economy, news, Politics

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China, loans, news

An interesting read from FT AlphaVille:

“China is the world’s biggest lender to governments. And that’s not just because of its gigantic stockpile of US Treasuries. For much of the past decade Beijing has sought to plug massive infrastructure funding gaps across multiple continents through its Belt and Road Initiative. The overarching aim, other than to bolster global influence, is to upgrade transport links on the old silk road routes which enabled trade between the Far East and what lay to the west of it.” More HERE at FT. You may have to register (for free) to read this article.

Supporting articles: How China Lends Data Sets from AidData and How China Lends PDF from The Peterson Institute for International Economics.

What Happens When China Becomes Number One?

24 Friday Sep 2021

Posted by RichardB in China, news

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China, news

Watch “Reforestation and China’s Great Green Wall” on YouTube

13 Friday Aug 2021

Posted by RichardB in China, Environment

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China, desert, ecology, trees

Watch “Will China become the centre of the world economy? | FT” on YouTube

02 Friday Jul 2021

Posted by RichardB in China, Economics, Economy, news

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China, money, world

Pride & Shame: The Roots Of US-China Tensions

02 Tuesday Feb 2021

Posted by RichardB in China, news

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China, CNA

A Book Talk on the Indo-Pacific Empire

15 Tuesday Sep 2020

Posted by RichardB in China, news

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China, news

The Japan Chair is delighted to invite Rory Medcalf, Professor and Head of the National Security College at the Australian National University, to discuss his new book, Indo-Pacific Empire: China, America and the contest for the world’s pivotal region. Please join us virtually to learn about the Indo-Pacific region and the potential for great power conflict between the United States and China.

Political Warfare at China’s Periphery: Taiwan and Hong Kong

08 Tuesday Sep 2020

Posted by RichardB in China, news

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China, news

In the Spring 2020 special issue of Orbis, nine articles assess political warfare in, and emanating from, East Asia. Authoritarian regimes in Asia, including China and North Korea, use the weapons of political warfare and the tools of sharp power to influence, and sometimes undermine, other polities. Political warfare includes overt and covert use of diplomatic, political, economic, and information means to affect policy-making or the political context affecting decision-making in another state. In East Asia, the techniques are deployed against immediate neighbors and far-away targets and rivals. Political warfare particularly exploits the characteristic vulnerabilities of open societies and liberal-democratic polities, including businesses that seek access, new and traditional media that are porous to foreign influence, publics that are receptive to divisive and bias-confirming messages, civil society structures and educational and cultural spaces that provide unguarded points of entry, and politicians eager for foreign and economic policy wins and campaign donations.

Coronavirus Crisis: Prospects for U.S.-China Cooperation in Combating the Global Economic Downturn

01 Tuesday Sep 2020

Posted by RichardB in China, news

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China, news

As the COVID-19 pandemic presents unprecedented challenges to every level of the global economy, the National Committee on U.S.-China Relations is bringing together leading American and Chinese experts on economics and trade to share analysis and projections on the issues. We invite you to join us for a series of virtual programs, Coronavirus Crisis: What it means for U.S.-China Economic & Trade Relations, over the next month.

American Views on China: A Pew Research Center Survey

25 Tuesday Aug 2020

Posted by RichardB in China, Research, Social Science

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China, news, research

The Pew Research Center has been polling American adults on their perceptions of China since 2005. The latest report, based on interviews conducted in March 2020, shows that growing numbers of Americans have become increasingly negative about China. For the first time, more than half of Americans between the ages of 18 and 29 held unfavorable views of China. Almost nine in ten Americans see China’s power and influence in the world as a threat, with 62% saying that it is a “major threat.”

Update: Afghanistan:the Saudi Arabia of lithium

19 Wednesday Aug 2020

Posted by RichardB in China, news

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Afghanistan, China

In 2010 I linked to a NYT article about the mineral riches in Afghanistan and how China had signed a deal to extract one of the riches (copper). The article is here: U.S. Identifies Vast Mineral Riches in Afghanistan

Every once in awhile I check to see if anyone has written about the mineral deals taken place in America’s longest war battle ground. The latest is from 2017 from one of the more often checked media sources South China Morning Post: Talks Aim to Jump Start China Afghanistan Mining Deal.

Photo by Tom Fisk on Pexels.com

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