Asian Currency Cooperation: China’s Missed Opportunity

One of the pitfalls of the kind of quick analysis that goes into blog posts is that it’s possible, and sometimes even necessary, to click that “publish” button before an argument is fully formed or developed. In my case, when that happens, what’s often missing are the intermediate thought processes that lead from whatever triggers a post to its takeaway. In reading back over it, I think this post on Asian currency cooperation from yesterday is a good example of what I’m talking about. The Ulrich Volz article that triggered the post essentially argued that singling out the yuan exchange […]

Recent rumors that China had effectively banned rare metal exports to Japan over a thorny territorial dispute have thrust the issue of rare earth elements to the fore. With demand rising and Beijing continuing to tighten its stranglehold over the dwindling supply of rare earths, other countries are now scrambling to secure their own access to the key strategic resource. The 17 varieties of rare earth elements, which are scattered across the Earth’s crust, are essential components in important technology products ranging from televisions and cell phones, to precision-guided missiles and hybrid cars. Approximately 130,000 tons of rare earths are […]

BEIJING — The news that China has overtaken Japan as the world’s second-largest economy was seen by many as further evidence of the Sleeping Dragon’s unstoppable geopolitical re-awakening. Equally significant, however, is the recent standoff between the two countries over the disputed Diaoyu (Senkaku) Islands, which serves as a stark reminder of the regional difficulties China faces. The incident demonstrates the volatility that characterizes international relations in Asia as it experiences rapid and fundamental changes to its constellations of power and influence. To achieve global superpower status, China will first have to become not only a dominant, but also a […]

China-Japan: Playing Against Type

According to Sourabh Gupta, we’ve all been a bit quick to label China the neighborhood bully when it comes to the recent standoff over a Chinese trawler captain that Japan detained for fishing in coastal waters of the disputed Senkaku Island chain. The reason? The two countries already have in place coastal fisheries agreements that explicitly and wisely decouple fisheries disputes from any larger territorial disputes, for the express purpose of preventing them from triggering the kind of diplomatic incident that ultimately took place. And those agreements clearly give legal jurisdiction over any infractions off of the Senkaku Islands to […]