China and Globalization: Time for New Beginnings?

He Fan, Professor of Economics, HSBC School of Business, Beijing, Director of Maritime Silk Road Research Center
Zhu He, Postdoctoral Scholar, Peking University & Assistant Director of Silk Road Research Center
Li Chaohui, Research Assistant, Haitian Silk Road Research Center, HSBC School of Business, Peking University

This article was originally published in the Business Standard as China’s version of globalisation’, 14 October 2017. This is part of a series by Chinese economists facilitated by the ICS. The original text in Chinese follows below the English version.

In the past 40 years, China has achieved sustained high rate of economic growth after the implementation of the policy of reforms and opening up. This has generated worldwide attention for the “Chinese miracle.” In 1980, China’s exports amounted to only 5.9% of GDP and its foreign investment abroad was only just over US$1.6 billion; by 2013, the latter figure had increased to US$290 billion.

China’s integration into the world economy essentially began in the 1990s. Continue reading “China and Globalization: Time for New Beginnings?”

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China Diary: First Impressions

Monish Tourangbam, PhD, Assistant Professor, Department of Geopolitics and International Relations, Manipal University, Karnataka & South Asian Voices Visiting Fellow, Stimson Center, Washington D.C.

As an academic actively teaching and writing on issues of international relations and geopolitics, visiting the People’s Republic of China (PRC) has always been a priority on my bucket list. So, when an opportunity came to visit the PRC, I embraced it with an open mind, with an intention to listen, observe and learn. A trip spanning less than two weeks is hardly an adequate time to even start scratching the surface of a country that is often associated with opacity. Hence, these are mere first impressions that in no way can be seen as definitive impressions.

One is often struck by the geographical nearness of China to India, and yet the political distance, in terms of a complex adversarial and competitive relationship, and divergent political systems. Continue reading “China Diary: First Impressions”

China in the Afghan Imagination

Rustam Ali Seerat, Research Scholar (International Relations), South Asian University, New Delhi

China though geographically close to Afghanistan, has been a distant land, politically and socially . The Afghan people have little knowledge about China. The socio-political distance extends to the era prior to the decline of China in the 18th century. Though the Silk Road had connected Central and West Asia to Chinese lands and commodities were flowing along the Silk Road, from China to Europe, passing through the Muslim world of present-day Afghanistan. However, economic exchanges brought less of China’s political influence in the region. Even with the re-emergence of China in the latter half of the twentieth century and the flow of its products into the Afghan market, the socio-political influence of China on Afghanistan remains limited. Socially, culturally and politically, China is still a far and mysterious place for Afghans. Continue reading “China in the Afghan Imagination”

Regional Economic Comprehensive Partnership (RCEP): Implications for India and Partner Countries

Debashis Chakraborty, PhD, Assistant Professor, Indian Institute of Foreign Trade (IIFT), Kolkata*

A version of this article was originally published in Chinese as ‘印度谨慎推进RCEP的理由’ [Yindu jinshen tuijin RCEP de liyou], Diyi Caijing, 27 August 2017. This is part of a series by Indian scholars in China’s top business affairs news portal facilitated by the ICS. The English version follows the Chinese text.

从1991年开始采取外向型发展模式以来,印度始终稳健地推行着自由化进程,以此促进外商直接投资 (FDI)的流入和出口。直到2003年,印度还主要依赖由世贸组织(WTO)主导的旨在促进出口的多边贸易改革,此后的一段时间,印度开始参与一系列的区域贸易协定(Regional Trade Agreements ,RTAs)。

印度最早在2005年和新加坡达成了双边综合经济合作协定(CECA),此后又陆续在2006年达成了南亚自由贸易协定(South Asian Free Trade Area , SAFTA),在2010年在商品贸易方面和东盟达成了自由贸易协定(FTA),与韩国达成了双边综合经济伙伴协定(CEPA),并在2011年分别与日本和马来西亚达成了双边综合经济伙伴协定(CEPA)以及双边综合经济合作协定(CECA)。印度还参与了多项区域贸易协定谈判,例如,与欧盟的双边贸易投资协定(BTIA)、印度加拿大经济伙伴协定。然而,现如今,印度正处在关于亚洲泛区域性协定——区域全面经济伙伴关系协定(Regional Comprehensive Economic Partnership ,RCEP)的十字路口上。 Continue reading “Regional Economic Comprehensive Partnership (RCEP): Implications for India and Partner Countries”

Nepal’s Views on the Doklam Standoff

Avadhi Patni, Research Intern, Institute of Chinese Studies, Delhi

The Doklam standoff between India and China has caused security, economic as well as political concerns for other countries of the South Asian region. This article explains general views and opinions of Nepal on the Doklam standoff. Nepal has signed a Treaty of Peace and Friendship with both India (Ministry of External Affairs 1950) and China (Friedrich Ebert Stiftung 1960). It has two tri-junction points with India and China and its dependency on both the countries raises security as well as economic concerns for Kathmandu.

One tri-junction point between Nepal, China and India is at Lipulekh in western Nepal and the other is at Jhinsang Chuli in eastern Nepal. Concerns for Nepal started in 2015 when India and China signed a bilateral agreement to increase trade through Lipulekh but without any consultation with Nepal. This tri-junction point is considered crucial by Nepal for developing it as an economic bridge between India and China. Following this event was the 2015-2016 India-Nepal border blockade. These incidents have created a popular opinion in Nepal about India being at fault in the current standoff in Doklam (Baral 2017).

A statement by Gopal Khanal, the foreign policy advisor to the ex-Prime Minister K.P. Sharma Oli, Continue reading “Nepal’s Views on the Doklam Standoff”

Opening Doors Southwards: China’s Increasing Presence in Nepal

Aakriti Vinayak, Research Intern, Institute of Chinese Studies, Delhi  

China is making its influence keenly felt in Nepal today. China is using different strategies from road connectivity, hydroelectric projects to using soft power as an approach to forge linkages with Nepal. China’s concentrated effort to use soft power diplomacy in Nepal – with heavy investments in religion, education and tourism – has been a success on the high tables and between the government elites, relations have been institutionalised. One sees a prospective future for Nepal where there is an attempt to tilt more and more towards China – on almost every front – economic, cultural and regional. When Nepalese president Bidya Bhandari released the Nepalese edition of the book, Governance of China by Chinese president Xi Jinping, Upendra Gautam the General Secretary of China Nepal Study Centre said that the event befittingly heralds Nepal and China relations into the 21st century kinship where soft power plays a paramount role (Gautam 2016).

Under former Nepalese prime minister Prachanda, China started using Buddhism as a tool of soft power by Continue reading “Opening Doors Southwards: China’s Increasing Presence in Nepal”

A China Gazer’s Random Musings – No. 1

Amb. Kishan S. Rana (retd), Emeritus Fellow, Institute of Chinese Studies, Delhi

There is such a cascade of writing on China that as an oldie, I am attracted by the notion of penning personal reactions, reflections, and observations. Few of us can claim special insights into a country marked by both opacity and paradox. The longer one studies China, deeper is a typical realization that what one understands is a fraction of the things that remain unknown, even unfathomable. I plan to write this column perhaps once a month.

The 19th Party Congress Looms

For an authoritarian regime, China has a remarkable leadership transition system, which has worked smoothly for the past 30 years. Party congresses of the Communist Party of China (CPC) are held every five years. The even numbered Party Congress is when a new General Secretary and his leadership team take over; the country’s key decision-making team is the Standing Committee of the Politburo (it used to number 9, reduced to 7 in 2012). The General Secretary holds office for 10 years. The odd-numbered Congress is the one where appointments are made to the central committee and the full politburo, in preparation for the leadership change five years down the line.

Thus, the 19th CPC which meets in October 2017 is the in-between session when central committee and politburo members are appointed. It is crucial because that team plays the key role in the appointment of the next leader at the 20th Congress.

Recent months have seen sizeable re-shuffle in the top positions in the 31 provinces, Continue reading “A China Gazer’s Random Musings – No. 1”