South Korea’s president recently visited Iran and presented it with a trade-off: realise the full potential of trade and investment with a major Asian economy or maintain illicit military links to North Korea. Iran’s response, while progressive, may have fallen short of her hopes.
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.
US Treasury has added new sanctions against North Korea for the fourth time this year – a significant increase in the frequency of their application and an indication of a shifting mood in the corridors of Washington
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.