Nepal stands on the brink of an economic crisis, after what it alleges is an India-imposed blockade of its borders for the past three months. Pushing back, Nepali leaders are vowing to work toward economic self-reliance and ease their dependence on India, to the advantage of New Delhi’s rival, China. “Nepal-India relations are at their lowest ebb right now,” says Yubaraj Ghimire, a Kathmandu-based commentator. The blockade of this landlocked nation began on Sept. 23, three days after Nepal officially adopted its new constitution. Critics argue the charter does not give fair political representation to two ethnic groups, the Indian-origin […]
China Archive
Free Newsletter
In the years leading up to the Iran nuclear deal, Iran and China found their interests at times aligning and at others diverging. Since the late 1990s, China had reduced its defense ties with Iran under U.S. pressure. At the same time, espousing a discourse of peace and cooperation, Beijing did not want the West to go to war with Iran. Moreover, Tehran’s perseverance in the face of Western efforts to isolate Iran was a counterbalancing force against U.S. hegemony in the Middle East, which suited China’s strategic interests. However, the conflict with Iran over its nuclear program also indirectly […]
On Monday, the Executive Board of the International Monetary Fund (IMF) voted to add China’s currency, the yuan or renminbi, to a very short list of elite global reserve currencies. Next fall, the yuan will officially be added to the IMF’s Special Drawing Rights (SDR) basket of currencies, which presently includes just the dollar, euro, yen and pound sterling. In part, the decision reflects the undeniable reality of China’s economic rise. However, the decision is also a pragmatic, perhaps even savvy, move by the IMF and the United States to further incorporate China into an international financial order that largely […]
The military alliance with the United States has been a cornerstone of Australia’s strategic and defense policy since World War II. Recently, however, signs have emerged that Australia might more carefully weigh its options when it comes to dealing with China, the rising great power in Asia and Australia’s most important trading partner. Last month, only days after the U.S. guided-missile destroyer USS Lassen sailed within 12 nautical miles of an artificial island near Subic Reef in the South China Sea, which is claimed by China, two Australian Anzac class frigates conducted a live-fire exercise with Chinese warships. Moreover, a […]
Editor’s note: This article is part of an ongoing WPR series on the South China Sea territorial disputes and the various claimant countries’ approaches to addressing them. The Philippines received its first new fighter jets in a decade over the weekend. The acquisition is the country’s latest move to strengthen its military amid growing tensions with China over disputed claims in the South China Sea. In an email interview, Aileen Baviera, a professor of Asian studies at the University of the Philippines, discussed the Philippines’ claims in the South China Sea. WPR: What are the Philippines’ territorial claims in the […]