The Chinese leadership faces a range of economic problems and not very palatable solutions, says Prof Heribert Dieter, Visiting Fellow at Gateway House, Mumbai, and Senior Fellow, German Institute for International and Security Affairs, Berlin, in this wide-ranging conversation with Gateway House. He also analyses the European perspective on China, the U.S.-China trade war and the role of global forums, such as G20
Courtesy: akross
China’s economy is in trouble, a situation that has been exacerbated by the trade war with the U.S. They can either reduce the debt burden and accept slower growth or boost the already high level of debt, which can end in a slump.
Courtesy: Foreign Affairs
Although China does not want to usurp the United States’ position as the leader of a global order, its actual aim is nearly as consequential. As one Chinese official put it, “Being a great power means you get to do what you want, and no one can say anything about it.” In other words, China is trying to displace, rather than replace, the United States.
Courtesy: Competitive India
'Strategic OFDI’ is outward foreign direct investment made by nations in their strategic interests. China leads the way, but the U.S. has also just announced a new agency for strategic OFDI. It will now gain increasing salience in global foreign policy.
Courtesy: Gateway House
America is increasingly using sanctions as a geopolitical tool against its rivals, Russia, Iran and Venezuela. These countries are important partners for India, which needs to find ways around unilateral American sanctions.
Courtesy: Caixin Global
China’s foreign direct investment is shifting away from natural resources to high-tech areas, such as Artificial Intelligence and robotics. The scale of these acquisitions, along with questions about intellectual property and national security, are causing widespread concern in the West
Courtesy: U.S. Department of State/ Flickr
Scrapping the JCPOA will badly bruise Iran’s economy, citizens and foreign relations; it will have an impact on the U.S.’ allies too
Courtesy: IMF/ Flickr
The IMF/World Bank Annual Meetings, being held on October 12-15 will take place amidst news that the growth momentum of the global economy is being sustained, and the outlook looks better than it did during the Spring Meetings. How can a global consensus be developed to better address the growth fundamentals now that the global economy is strengthening?
Courtesy: Gateway House
The Indian government may block the acquisition of Gland Pharma by Shanghai Fosun Pharmaceuticals, a move that offers further confirmation of how China’s opaque business model is causing concern worldwide. This infographic shows some high-profile cases of acquisitions by Chinese companies that ran into local opposition
Courtesy: Northernminer
In the wake of trade-based globalisation followed by financial globalisation, a large volume of capital began moving from developing to advanced countries. This has resulted in relatively poor developing countries effectively becoming net creditors to the rest of the world. Reversing this massive outflow of capital requires governments to strengthen governance in all its dimensions and have closer international collaboration to tighten the regulatory oversight of tax havens for greater transparency
