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.
Officials from the US and China put on brave faces at the recently concluded US-China Strategic and Economic Dialogue. Tensions in the maritime and cyber realms, however, are threatening to send the relationship into a downward spiral.
Afghanistan could potentially become the centre of cooperation, not competition, between India and China, the two main Asian powers. This can only be achieved if problems and barriers are overcome and small-scale initiatives are implemented in order to stabilise Afghanistan.
Prime Minister Shinzo Abe’s government is looking shaky, to say the least. Although initially riding strong on his policy of rapprochement with China last Fall, the Abe administration has been hit by a number of scandals since December. Abe’s popularity has plummeted to 28% (July ‘07) from a high of 60% (Sept ‘06).
The end of ambiguity about Pyongyang's nuclear capacity raises fundamental questions affecting China, the United States, and the future of international non-proliferation strategy. Indirectly, these consequences could actually work to the advantage of the West in its attempts to prevent Iran 'going nuclear'.