Courtesy: Kucingbiru13/WikimediaCommons
The Chinese defence industry has emerged as one of the world’s top five arms exporters. It has come a long way from the early 1990s when it was characterised by inefficiency, corruption, and poor performance.
Courtesy: Peter Fuchs/Flickr
The similarities between China’s ascent in the global arena and India’s rise in 2003 are striking. Manjeet Kripalani blogs about why despite their remarkable rise, it is in Beijing’s interest to take notes from the stagnation that followed India’s growth.
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Political disputes and popular passions in North East Asia argue for discreet diplomacy and the provision of mutual assurances to prevent conflict and escalation.
The establishment of a BRICS Development Bank will be among the prime topics of discussion at the BRICS Summit on March 26. Gateway House’s Akshay Mathur interviews former Indian Ambassador and Foreign Secretary, Shyam Saran, on the prospects and viability of alternate financial architectures.
Courtesy: Foreign Affairs
In the next decade, China will continue to rise, not fade. Its leaders will consolidate the one-party model and, in the process, challenge the West’s smug certainty about political development and the inevitable march toward electoral democracy.
New Delhi has actively worked with Beijing to address its massive bilateral trade deficit. However, it has another option. India can seek greater economic integration with ASEAN and substitute its imports from China with that of ASEAN. The India-ASEAN Summit on December 20 would be a good place to start.
Courtesy: Voice of America
Rising income inequality, corruption and the ouster of former Politburo member Bo Xilai from the Chinese Communist Party were all significant aspects of China’s 18th Party Congress. However, the new leadership has committed to reforms and repeated that increased economic growth will be achieved.
Courtesy: VOA/WikimediaCommons
Domestic issues like jobs and the housing market were front-and-centre during the third round of the U.S. presidential debates. Though the positions taken bears limited resemblance to what will happen in the real, post-election world, the outcome of the elections is bound to affect the world in big and small ways.
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During the final weeks leading up to the U.S. Presidential elections, moderate views don't seems to count. Though foreign policy was included in the debate, it was confined mostly to China and the Middle East. Both candidates are looking to be one step ahead to win the last of the undecided voters.
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China is quick in providing loans to execute domestic and international business plans, and returns are often forgone in the quest to own market share. Faced with an economic slowdown, will Beijing be able to sustain such unconventional economic policies? Or will its banking sector prove to be its Achilles' heel?
