China Policy Institute Blog

Imperial Examination Tradition and Today’s Foreign Policy Making in China

Written by Yiyi Chen. In a previous paper, I made the observation that today’s Chinese Communist Party central government makes its foreign policy decisions transparently, predictably and rationally. This results from the CCP’s willingness to “pay a price for pride” on behalf of the entire nation, whose shared historical memory is of a century of humiliation by …

Where the Silk Roads Meet: Foreign Religions in Quanzhou in the Age of Marco Polo

Written by Samuel Lieu. The Silk Road as an artery for the exchange of goods, people, ideas and religions reached its apogée during the time of the Mongol Empire under Qinggis (Genghis) Khan. Beginning in 1206 with the unification of all the tribes in Mongolia under his rule, Khan created a world empire stretching from the Pacific to Central …

Why Fresh Thinking on the South China Sea is a Problem

Written by Kerry Brown. Almost certainly one of the headaches that a new American president will have to start engaging with when they finally come into office in a year and a half’s time will be the complex claims and counter-claims over sovereignty and maritime borders in the South and East China Sea. Issues that once …

Does Chinese Innovation Need Yu?

Written by William H.A. Johnson. Jack Ma, the colourful founder of the Chinese internet juggernaut, Alibaba, has often talked about the failure of the Chinese system to properly encourage innovation. In a recent speech he broke the problem down into the two Mandarin words that generally describe the educational process for children in China: jiaoyu. Jiao …

Why do many Chinese SOEs fail to achieve their ambitions?

Written by Jing Cai. China’s remarkable economic growth since the late 1970s has been accompanied, and in some degree caused, by changes in ownership and corporate governance. A large private sector grew up, partly through the founding of new firms, and partly through privatisation. But (full) privatisation was confined to small and medium state-owned enterprises (SOEs). …

Chinese technological development: Too open to the world and in the wrong way?

Written by Andrew Tylecote.  It is widely agreed that ‘latecomer firms’ (LCFs) and their economies should catch up through cooperation (‘linkage’) with what Mathews (2006) calls ‘incumbents’. The cooperation revolves around the sourcing of incumbents, and their technology licensing: they buy goods from, and sell technology to, LCFs. This creates a sort of ladder upwards; first …

Is the AIIB a turning point for China?

Written by Xiaobing Wang. The current world order is largely built on American dominance, managed by US-based international organizations like the United Nations, the World Bank and the International Monetary Fund. This order was established after World War II and has been reinforced by the collapse of the communist block and the Soviet Union. This order …

Running the AIIB

Written by Huiyun Feng and Kai He. With increasing power and interests, China is becoming more uncomfortable with some of the rules and practices of the international institutions that were tailored for the post-World War II world. However, existing powers are not ready to accommodate China’s needs. The Asian Infrastructure Investment Bank (AIIB) is China’s first experience …

China’s Economic Grand Strategy

Written by Rebecca Fabrizi. How much political, economic or strategic importance will the new Asian Infrastructure Investment Bank (AIIB) be? With the infrastructure deficit in Asia thought to amount to as much as $8 trillion over the next decade, the AIIB is a welcome development.But whether it is capitalised at $100 or $200 billion, it …

China’s new economic diplomacy

Written by James Laurenceson. For a long time China’s economic diplomacy wasn’t particularly inspiring or pretty to look at. There were investment forays into some resource-rich countries in Africa and aid packages dished out to small pacific island countries. But there was little to suggest that China was drawing on its rising economic clout to …