A great deal of rhetoric is expended over China’s gigantic investment initiatives. Still, many of the economic projects are real, and Western governments will be well advised to understand their purpose.
President Xi Jinping is attempting to modernise China’s military through wide-ranging reforms. But the reforms are also intended to once again bring the military under the absolute rule of the Communist Party.
The People’s Republic of China has recently signed a deal to create a military UAV factory in Saudi Arabia, providing a potential new market for the growing Chinese arms industry. China’s burgeoning presence as an arms manufacturer is likely to become a key defence issue in coming years
A secretive small satellite launch in February is evidence of China’s continuing technological advancements in the space realm. But this launch masks the broader range of space capabilities that China is building
China is playing a positive role in Afghanistan, but needs to take a greater ownership and direction of the potential peace process. As a partner with positive relations in both Kabul and Islamabad, Beijing is well placed to play this role.
The pro-independence Democratic Progressive Party (DPP) has defeated the Nationalist Party (KMT) in Taiwan’s elections. Beijing’s reaction to the result will depend on how it interprets the DPP’s intentions towards the existing framework defining cross-strait relations.
China’s stock market crash is not the beginning of a global economic downturn, or the start of a Chinese recession. But it is a reminder of just how fragile China remains, and how far it still is from the status of a global power.