Chinese academic Sun Peisong notes that renowned financier George Soros has always been critical of China’s social system. While "the man who broke the Bank of England" has a keen eye for finance, Sun feels that Soros’s criticism of China’s “closed society” sheds light on his penchant for globalisation and dated means of making the wealthy wealthier.
Before World War II, an unlikely alliance and friendship sprang up between China and Germany. As diplomatic ties warmed, Germany provided China with arms and equipment against the Japanese invasion. However, because China and the Soviet Union were military allies, Hitler drew closer to Japan, resulting in the subsequent deterioration of China-Germany relations, and the division of camps in WWII.
Mind games among the US, China, Russia and India may influence Sino-Indian engagement in the new year and beyond. China could move even closer to Russia in dealing with India, and the US could further call on India as a “major defence partner” in its intense competition with China. External factors aside, a peaceful and cooperative China-India future requires synchronised political will in their bilateral and global diplomacy. Key is unequal power and core interests as China and India each employ the diplomacy of smart power. Will an uneasy status quo be maintained in their long-unresolved boundary dispute, and will they find the impetus for collaboration in a post-Covid-19 order?
Chen Gang sees that rather than an end in itself, climate change can be a springboard for China and the US to deepen cooperation in other areas. This is by virtue of the fact that climate change is often intertwined with issues relating to the economy, trade and foreign policy. Facets of climate change cooperation will have spillover effects that could lead to tariff reductions, investments and greater technology collaborations.
Amid recent news of Chinese ride-hailing company Didi delisting from the New York Stock Exchange, Zaobao correspondent Edwin Ong notes that China seems to be closing a regulatory loophole allowing companies to sidestep the Chinese authorities and get listed overseas. In turn, the US is taking action to require audit checks on Chinese companies that are already listed or want to get listed in the US. Is this a sign of financial decoupling between the US and China or will both sides reach an agreement on regulations?
ISEAS academic William Choong notes that amid intense China-US competition in domains such as trade, technology, security and values, there is much virtue for smaller states, particularly those in Southeast Asia, in upholding high principles and expressing a desire for a rules-based regional order. These elements, however, are premised on continued stability in Sino-US relations, which is not guaranteed, particularly given the increasingly entrenched positions of China and the US on the Taiwan issue.
The 26th Conference of Parties in Glasgow (COP26) concluded with several high-level political pledges delivered, but it is another matter if they will be followed through. For the Southeast Asian region, Indonesian commitments to the phase down of fossil fuel subsidies and the global goal to end deforestation by 2030 will be critical. The broken promise of climate finance may also affect several Southeast Asian countries' ability to see through their pledges. China's climate leadership on the phasing out of coal has taken a hit but amid the gloom, there are some bright spots, not least China and the US finally finding some common ground.
Zaobao correspondent Wong Siew Fong notes that the virtual meeting between US President Joe Biden and Chinese President Xi Jinping was cordial, with Xi describing both countries as “two giant ships” and Biden calling US and China “major world leaders”. However, academics say that given previous tensions and current tussling, perhaps it is too soon to say for sure that relations will improve from now on.
A virtual summit between US President Joe Biden and Chinese President Xi Jinping will allegedly be held next week. However, with comments from the White House that the meeting is not about deliverables, and the US’s continued attacks such as Biden’s criticism of China’s non-appearance at the recent UN climate change conference in Glasgow, are prospects for major breakthroughs bright? Zaobao correspondent Edwin Ong looks at what the session might bring.