economy — 9DASHLINE

The Japanese yen in a turbulent global economy

Written by Dr Seohee Park

Japan’s currency policy will continue to be a subject of international scrutiny as it is intertwined with the country’s strategic choices in an interconnected global economy.

East Asia9DLApril 18, 2024The Japanese yen in a turbulent global economy, Seohee Park, 9DASHLINE, yen, Japanese yen, JPY, dollar, dollarisation, de-dollarisation, US Dollar, currencies, trade, economy, depreciation, appreciation, exchange rate, export, corporate profits, consumer prices, global financial sector, inflation rates, inflation, central bank policies, Swiss franc, safe-haven currency, low sovereign risk, economic stability, monetary policies, interest rate hikes, US Federal Reserve, European Central Bank, lost decade, 1997-98 Asian Financial Crisis, Asian Financial Crisis, asset price collapse, 2008 global financial crisis, 2011 East Japan earthquake, Mrs. Watanabe, investors, housewives, international investors, trade surplus, COVID-19 pandemic, Bank of Japan, interest rates, inflationary pressure, raw materials, debtors, Keynesian economics, animal spirits, John Maynard Keynes, deflationary stagnation, stagflation, savings, taxation, fiscal, Abenomics, Prime Minister Shinzo Abe, Plaza Accord of 1985, Plaza Accord, G5, currency markets, ageing population, wage growth, deflation

Ageing China increases its military spending

Written by Jiachen Shi

Resorting to military build-up consistently emerges as a rational choice for Chinese policymakers who perceive the country as entangled in a series of ‘internal troubles’ such as social instability and ‘external threats’ such as provocations from the United States.

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The US-India partnership after Modi’s visit to Washington

Written by Satvik Pendyala and Nathaniel Sher

As the United States adapts to rising strategic competition with China, it has sought to strengthen ties with New Delhi as a key partner in the Indo-Pacific.

Power Politics9DLJuly 27, 20239dashline, The US-India partnership after Modi’s visit to Washington, Satvik Pendyala, Nathaniel Sher, Modi, US, US-China, Washington DC, Kurt Campbell, Narendra Modi, people-to-people domains, technology, defence, economy, technology sharing deals, US allies, New Delhi, strategic competition, Indo-Pacific, US-India, China-India, Ladakh, Line of Actual Control, LAC, Tsinghua University, India, influence in South Asia, beijing, US security partner, Ashley Tellis, US-China contingency, Western Pacific contingency, zone of conflict, defence cooperation, Galwan border clashes, India-China tensions, People’s Liberation Army, PLA, Western Theater Command, Depsang Plains, Tibetan Military District, Shanghai Cooperation Organization, Quad, Indo-Pacific Economic Framework, IPEF, BRICS, SCO, BRI, Global Security Initiative, threat perception, security cooperation, formal ally, Taiwan Strait, South China Sea, military contingency, economic development, security interests, great power aspirations, Indian Ocean, Sino-Indian border, territorial disputes, Chinese pressure, maritime capabilities, PLA Navy, military build-up, Malacca Strait, border conflict, border territories, Brahma Chellaney, deterrence signalling, Major Defense Partner, Strategic Trade Authorization Tier 1, dual-use technologies, military technologies, joint military exercises, intelligence-sharing, critical jet technology, spaceflight, armed drones, semiconductors

China’s Belt and Road Initiative in Central and Eastern Europe: stuttering to a halt?

Written by Dr Jeremy Garlick

The BRI’s unfulfilled potential in the region leaves the connectivity and cooperation aims of the initiative largely on the shelf, with the main successes for China located in Western Balkan countries that are not EU members.

Europe and the Indo-Pacific9DLJune 12, 20239DashLine, China’s Belt and Road Initiative in Central and Eastern Europe: stuttering to a halt?, Jeremy Garlick, Central and Eastern Europe (CEE), China, Belt and Road Initiative (BRI), One Belt One Road, Beijing, Russia, Western Europe, developing world, Global South, investment, Cold War, Soviet influence, Sino-Soviet split, communist regimes, 16+1 framework, 16+1, 16+1 summit, 14+1, 17+1, EU, trade, economy, trade routes, China-CEE cooperation, Russian invasion of Ukraine, Russia’s invasion, Russia's aggression, Lithuania, Czech Republic, Taiwan, infrastructure, Western Balkans, Belarus, Ukraine, Moldova, China-CEE cooperation framework, Russia’s regional influence, Greece, high-speed railway, Belgrade, Budapest, EU regulations, Hungary, Baltic states, Estonia, Latvia, Southeast Europe, port of Piraeus, trade chain, Suez Canal, trade volumes, Serbia, Bosnia and Herzegovina, Montenegro, North Macedonia, bilateral deals, EU bureaucracy, highway, railway, Danube River, bridge, sewer system, power plants, energy infrastructure, Shanghai Cooperation Organisation, Central Asia, Forum on China-Africa Cooperation (FOCAC), Africa, EU accession, EU integration, creditor, Fudan University, ‘One China’ policy, United Nations, Xinjiang, connectivity, Eurosceptic, CEE countries, CEE region, regionalisation, CEE, Central and Eastern Europe, European Union

2023: Where is Pakistan heading?

2022 was a difficult year for Pakistan: A humanitarian crisis sparked by devastating floods, the assassination attempt against former Prime Minister Imran Khan, and a faltering economy. Growing political instability also prompted US President Joe Biden to call Pakistan one of the most dangerous countries in the world, characterising it as “nuclear weapons without cohesion”.

Best of 2022: The Climate Crisis

In 2022, the Indo-Pacific region witnessed several devastating climate-related disasters, from floods in Pakistan, India, and Bangladesh to heat waves and droughts in China. It is clear that the climate crisis has become an increasingly urgent global issue, and that concerted international action is necessary.

Faultlines9DLJanuary 3, 2023Best of 2022: The Climate Crisis, ASEAN leads the Indo-Pacific climate response, Clare Richardson-Barlow, Asean, indo-pacific, Net-Zero, South Asia must proactively prepare to face climate change, Manali Kumar, natural disasters, climate change, APOORVA JAIN, Building a case for disaster diplomacy in South Asia, India, Pakistan, Bangladesh, Bangladesh’s manoeuvring of climate change geopolitics, Rudabeh Shahid, Atlantic Council, Sirazoom Munira, Paris Climate goals, Dhaka, China's water security dilemma, Zenel Garcia, Philip Guerreiro, Water, Beijing, Environment, economy, society, water security, Competition and cooperation: India and China in the global climate regime, Miriam Prys-Hansen, German Institute for International and Security Affairs, German Institute for Global and Area Studies, Simon Kaack, New Delhi, China, The World Needs Sino-American Climate Cooperation, Taylah Bland, Climate, Sino-American, Superpowers, Washington, Asia Society Policy Institute

Pakistan’s fatiguing interest in the IMF reform program

Written by Asad Ejaz Butt

While Pakistan does not have any alternate short-term options other than returning to the IMF, it can consider structural reforms, like targeted subsidies and rationalisation of current expenditure through fiscal prudence and better management of state resources.

South Asia9DLDecember 19, 20229dashline, Pakistan’s Fatiguing Interest in the IMF Reform Program, Asad Ejaz Butt, Pakistan, South Asian Voices, International Monetary Fund, IMF, Islamabad, IMF’s Pakistan program, economy, economic crisis, floods, flash floods, macro-fiscal stability, Ishaq Dar, Nawaz Sharif, Prime Minister Shahbaz Sharif, Shahbaz Sharif, Pakistan’s Finance Minister, fiscal discipline, IMF headquarters, self-sufficiency, Washington, extended fund facility (EFF), staff-level agreement, fiscal and external imbalances, procyclical, economic indicators, account and fiscal deficits, long-term structural reforms, fiscal consolidation, bail-out, loan, loans, macroeconomic stability, commercial bank, banking, Imran Khan, PTI government, PTI, Pakistan Tehreek-e-Insaf (PTI), nudge, Fiscal and current account deficits, economic collapse, policy rate, monetary tightening prescription, tax, tax revenues, currency, devaluation, free-market and laissez-faire economics, cash, mortgage financing, inflation, business, fiscal deficits, expenditure, debt, debt servicing payments, rupee, rupee devaluation, exports, imports, remittances, oil imports, foreign exchange flexibility, subsidies, donor, donor and IMF fatigue, World Bank, Sri Lanka

Samarkand 2022 — the ‘China Dream’ of SCO Summits

Written by Giulia Sciorati

As the SCO opens to other Asian sub-regions and even the African continent, Central Asia risks losing its centrality and becoming a minor geographical area compared to the Gulf or Southeast Asia, where the national interests of SCO member states (and China, above all) are prominent.

Editor's Picks9DLOctober 12, 20229DashLine, Samarkand 2022 — the ‘China Dream’ of SCO Summits, Giulia Sciorati, Samarkand, SCO, SCO Summit, Shanghai Cooperation Organization, Shanghai Cooperation Organisation, China, Russia, Ukraine, Russo-Ukrainian war, sphere of influence, Shanghai Cooperation Organisation (SCO), Uzbekistan, Eurasian, Samarkand Declaration, non-interference, Chinese President Xi Jinping, Xi Jinping, harmonious coexistence of man and nature, bilateral, trilateral, multilateral, multilateralism, Chinese Foreign Minister Wang Yi, Wang Yi, Indian Prime Minister Narendra Modi, Narendra Modi, India, SCO member states, observer states, Central Asia, India-China border dispute, Russian President Vladimir Putin, Vladimir Putin, COVID-19 pandemic, COVID-19, China-Kazakhstan joint statement, Kazakhstan, Kyrgyz President Sadyr Japarov, Sadyr Japarov, Iran, Belarus, Egypt, Saudi Arabia, Qatar, Bahrain, Maldives, Kuwait, UAE, myanmar, the Gulf, North Africa, South and Southeast Asia, economy, China Dream, Russia-led Collective Security Treaty Organization (CSTO), Collective Security Treaty Organization (CSTO), CSTO, Peacekeeping, peacekeepers, Beijing, Moscow, post-Soviet space

Why factional politics might no longer matter in China

Written by Jabin T. Jacob

Under these circumstances, what will be worth watching is the composition of the Politburo Standing Committee for clues on what Xi’s policy directions for the next five years of his rule are going to be.

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A litany of economic woes but in China politics rules

Written by Jabin T. Jacob

In the run-up to the 20th Party Congress later this year, the CCP under General Secretary Xi can be expected to engage ever more seriously with China’s economic problems.

Shaping China’s ambitions

Written by Michael J. Mazarr

China’s challenge to US power and international norms is very real, but so are its limitations. China is aggressive, but not unreservedly so. It has strong ambitions, but ones that may be amenable shaping and channelling in ways that do not end up threatening vital US interests.

Pacific9DLJanuary 17, 20229DASHLINE, China, US, United States, Cold War, Mearsheimer, Asia, Europe, Britain, Washington, economy, technology, East Asia, expansionist, PRC, hegemony, Nadège Rolland, Timothy Heath, William Thompson, Cuba, Vietnam, RAND Corporation, RAND

US-China decoupling: Interdependence limits economic delinking

Written by Stephen Nagy and Hanh Nguyen

Surveys conducted by American and European Union Chambers of Commerce showed that more than 80 per cent of businesses do not have relocation plans. Despite rising labour costs and geopolitical tensions, China still holds several critical advantages — high-skilled labour, a giant market, adequate infrastructure, and complex supply chains for business.

East Asia9DLOctober 2, 2020China, United States, Covid-19, Election, economy, Xi Jinping, Trump, biden