In the aftermath of global financial exclusion, Russia has had to make some strategic adaptations. The West’s sanctions had crippling consequences, and the Kremlin scrambled to find alternatives. In light of these developments, China became an important ally, and the Yuan—its currency—has taken on a more prominent role. It is …
Read More »Here are 7 signs that global dedollarization has just kicked into high gear
Being the world’s leading reserve currency has allowed the United States to enjoy a massively inflated standard of living: that one is coming to an end. For decades, the US dollar has been the undisputed king of global currencies, but dramatic changes are happening. China, Russia, India, Brazil, Saudi Arabia …
Read More »Is China playing long game against dollar in Middle East?
Hemingway’s law of motion says change comes gradually, then suddenly. The other China deal Much attention has been rightly focused on China’s role in closing the deal between Saudi Arabia and Iran to reestablish diplomatic relations. Another deal has gotten less attention, but may be just as telling in serving …
Read More »‘A New World Order’? The Iran-Russia-China Axis During the Biden Administration
The Biden Administration has created a vacuum of leadership on the global stage. If the US further pulls out of Asia, the Indo-Pacific, the Middle East, Ukraine, Latin America — anywhere — the vacuum created will surely be filled by the new axis of China-Russia-Iran. A US pull-out is, most …
Read More »America and China Need to Talk
A Lack of Dialogue, Visits, and Exchanges Is Raising the Risk of Conflict Relations between the United States and China have fallen to their darkest depths since the early 1970s, when U.S. President Richard Nixon met with Chinese leader Mao Zedong (and Nixon’s national security adviser, Henry Kissinger, met with …
Read More »China’s CICC plans UAE, Saudi expansion as Xi builds Middle East ties
CICC has about five to six people in its Middle East offices serving the entire region with a mix of Chinese and regional staff. China International Capital Corporation (CICC) plans to expand its reach in the United Arab Emirates (UAE) and Saudi Arabia, as China’s ties with the Middle East …
Read More »Riyadh’s Motivations Behind the Saudi-Iran Deal
On March 10, Saudi Arabia, Iran, and China issued a joint statement announcing an agreement to resume diplomatic relations between Riyadh and Tehran. After seven years of military and diplomatic hostility, the two Gulf powers agreed to work toward resolving their disagreements based on a set of international rules and …
Read More »The Potential Inroads and Pitfalls of China’s Foray Into Middle East Diplomacy
China’s mediation of the Saudi-Iran normalization agreement signals a potential break from its long-standing policy of keeping to a minimal and economically oriented regional footprint. By successfully bringing two of the Middle East’s bitterest rivals to the negotiation table, China aims to build credibility as a capable partner in a …
Read More »Macron In China, Might Tip Odds In Ukraine Favor
French President Emmanuel Macron arrived in Beijing on a visit signaling France’s intent to revive dialogue with China. Macaron was due to hold talks with his Chinese counterpart, Xi Jinping. The visit is widely seen as an opportunity to change the course of the Russian war in Ukraine, especially since …
Read More »G-20 summit in Delhi – legacy of the colonial `durbar’ of 1877, when a teenager composed a poem against its pomposity
New Delhi today sits at the centre of the global summit called G-20 – hosting VIPs from different parts of the world in the midst of pompous demonstrations of Prime Minister Modi’s suzerainty over India, and outreach beyond its borders. Coming down to brass tacks, G-20 is an exclusive club …
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