China-led AIIB: Adding a new engine to the Asia-Pacific’s rise

Written by Miriam L. Campanella. The China-led Asian Infrastructure Investment Bank, labelled a ‘World Bank challenger’, is set to work as a multilateral development bank with the special objective of developing Asia’s infrastructure and international trade connections. On April 15th, the AIIB officially unveiled the list of its founding members: 57 countries from five continents, including …

Is the AIIB a new attempt by China to challenge the status quo?

Written by Shogo Suzuki. China’s rise remains a politically charged debate which frequently provokes fear of a ‘China threat’ or the end of Western (read US) dominance. China’s new contribution to global finance, the Asian Infrastructure Investment Bank (hereafter AIIB or ‘the Bank’) has thus been met with a somewhat mixed reception. The memorandum for the …

China, the U.S., and the emerging world order

Written by Linda Yueh. China is investing tens of billions in infrastructure in emerging markets, focused on the Asian region. Normally, when developing countries have access to much needed funds for investment, there is widespread support. Yet, for China, whose vehicles for this investment include the new Asian Infrastructure Investment Bank (AIIB), the BRICS bank …

The AIIB: An insight into China’s regional vision?

Written by Philippa Brant. China has ratcheted up its economic diplomacy efforts in Asia this year. But will its neighbours be convinced of its ‘vision’ for the region? In addition to its well-established bilateral aid and development financing, the past few months have seen China actively promoting a new form of regional economic integration, known …

Is the ‘China Model’ Challenge to Liberal Democracy Historically-Grounded?

Written by Niv Horesh. “…democracy existed for about 200 years in the ancient world and has existed for about 200 years in the modern world, and other than that there has been no democracy in the whole of human history. Oligarchies have always existed.” Professor Irad Malkin, 2014. Following the fall of the Berlin war, Francis …

Why a village land protest spells trouble for China’s government

Written by Samantha Hoffman and Jonathan Sullivan. When Hong Kong students launched their “Umbrella Revolution” in 2014, the comforting narrative of youngsters striving for democracy combined with the aesthetic of tents beneath the skyscrapers captivated the world’s media. The scene in gritty Tianmu, a village outside the northern industrial city of Tianjin, couldn’t be more …

US should stop blocking China’s AIIB and join allies in new club

Written by Martin Edwards and Katayon Qahir. China’s growing economic clout is complicating US efforts to maintain its grip on the world’s leading multilateral economic institutions – as it’s done since the end of World War II. The creation of the Asian Infrastructure Investment Bank (AIIB), established last year by China and many other Asian …

Eye on Africa: US and China tussle for economic influence

Written by Yvan Yenda Ilunga. The US and China are increasingly rivals on the world stage, competing over resources, policy and influence. One region where China has spent years establishing a foothold is Africa. Now the US is also keen to reassert itself after years of economic neglect. The US fired the latest salvo late …

Chinese research culture and the brain drain

Written by Cao Cong. The threat of a “brain drain” has long lingered over China’s ambitions to transform its economy from one reliant on low-cost manufacturing to one powered by home-grown innovation. Alert to the danger, Beijing has acted swiftly to counter the departure of its scientific and entrepreneurial talent overseas. Back in 2008, the …

Diverging Globalizations: Lessons from China and India

Written by Roselyn Hsueh. China is the world’s largest autocracy. India is the world’s most populous democracy. Both economies have maintained steady GDP growth even as countries in the developed world grapple with financial and economic crises. They have conducted unprecedented market reforms and boast some of the most competitive industries and companies in the …