Author: Joanne Serrieh

“Two sessions”: Amid economic troubles, Xi tightens power as China abandons a decades-old political custom.
China, World

“Two sessions”: Amid economic troubles, Xi tightens power as China abandons a decades-old political custom.

Thousands of delegates from across China are gathering in Beijing this week for the start of the country’s most prominent annual political event, where leaders will signal how they plan to steer the world’s second largest economy in the year ahead — and try to dispel deepening concern about the challenges it faces. Projecting confidence is likely to be high on the agenda for Chinese leader Xi Jinping and his top Communist Party officials during the days-long, highly choreographed event, known as the “two sessions,” when China’s rubber stamp legislature and top advisory body convene. The largely ceremonial gathering is taking on heightened importance this year as China’s economy has been roiled by a property sector crisis, hefty local government debt, deflation, a stock market rout a
<strong>Is President Muizzu in troubled waters?</strong>
Asia

Is President Muizzu in troubled waters?

A senior minister in the administration of President Mohamed Muizzu in the Maldives, has accused the Opposition of trying to “illegally” overthrow the Maldivian President. Minister of Islamic Affairs Mohamed Shaheem Ali Saeed said the administration would not allow them to do so unless they cut "every vein in our throats". The country's main opposition Maldivian Democratic Party (MDP), which holds a majority in Parliament, had intended to submit a motion to impeach President Muizzu last month. However, Muizzu got a respite when the Supreme Court ordered suspension of the recent amendment to Parliament’s standing orders that made it easier for the Opposition to impeach the President and Vice President. Legally, there was nothing “illegal” in the Opposition’s efforts to impeach Muizzu, but
Maldives In Murky Waters: Chinese Debt Challenges For Economic Stability
Asia

Maldives In Murky Waters: Chinese Debt Challenges For Economic Stability

The Maldives is a strategically important nation in the Indian Ocean, now facing a high risk of debt distress due to its increasing proximity to China. The IMF has warned the Maldives that it needs to make urgent policy changes to avoid falling into debt. The Maldivian economy, which is heavily reliant on tourism, suffered greatly during the Covid pandemic but has since started to recover. The island nation is taking steps to boost tourism, such as expanding its airport and increasing the number of hotels. However, the IMF has warned that there is still a lot of uncertainty surrounding the outlook for the Maldivian economy. Under the leadership of former president Abdulla Yameen, the Maldives pursued extensive construction projects funded by loans from China. This reliance on Chinese f...
<strong>China on the defensive in Taiwan after poll victory of William Lai</strong>
Asia, China

China on the defensive in Taiwan after poll victory of William Lai

The election of Lai Ching-te as the President of Taiwan has put China on the defensive in its policies vis-a-vis the island territory. Earlier when the elections were approaching, Beijing had gone on the aggressive mode to intimidate the people of Taiwan not to vote in favour of William Lai, as he is popularly called. China had sent warships to the coasts of Taiwan; had sent numerous warplanes to the skies of the island and in the last leg of campaigning had even dispatched spy balloons to Taiwan. Beijing had openly asked the people of Taiwan not to vote for William Lai if they wanted to have peace in future. Nothing of these seems to have had an effect on the common Taiwanese people who voted for William Lai to elect him to power; the underlying message being that the people of Taiwan wa...
China can now continuously monitor initiatives supported by the government.
China, World

China can now continuously monitor initiatives supported by the government.

The rules apply to firms that have received at least 30 million yuan ($4.2m; £3.3m) of government funding. It comes as authorities move to support China's crisis-hit property industry. In January, the country's housing ministry said it would offer more bailout loans to developers struggling with debt and a slowdown in demand. Announcing the new surveillance rules in January, the National Development and Reform Commission (NDRC) said in a statement that it was moving to "regulate the implementation of projects and the use of funding". "These measures are important to strengthen investment supervision… and improve the effectiveness of government investment," it added. The rules are part of the Chinese government's efforts to ensure that "funds being used to prop up struggling
India Emerging As A Major Player Responding To Red Sea Turmoil
Asia

India Emerging As A Major Player Responding To Red Sea Turmoil

The ongoing conflict in Gaza has triggered wider tensions in the Red Sea, impacting India despite its apparent distance. Houthi rebels have directly targeted commercial ships bound for Indian ports, including the December 23rd attack on the M V Chem Pluto docked in Mangalore. This follows another drone attack on the M V Sai Baba en-route to India on the same day. In response, the Indian Navy has significantly increased its presence and surveillance in the region to safeguard its shipping interests and crew safety. Four Project 15A and 15B class destroyers have been deployed to counter drone and missile threats, while long-range P8I anti-submarine aircraft, Dornier planes, and helicopters provide crucial reconnaissance capabilities. This deployment aims to monitor the situation and safe...
What you should know about the demise of China’s Evergrande real estate company
China, World

What you should know about the demise of China’s Evergrande real estate company

A Hong Kong court has ordered the liquidation of the Evergrande Group, China's giant and massively indebted real estate developer, after the company was unable to restructure the $300 billion it owed investors. Just six years ago, Evergrande was riding high, preselling apartments to middle- and upper-income Chinese. In 2018, it was listed as the world's most valuable real estate company. But just three years later, it was on the financial ropes. Massively overleveraged and unable to complete some existing projects, Evergrande has become symbolic of a Chinese economy that faces some major near-term obstacles: slowing growth, increasing debt and a shrinking workforce. Evergrande had been seeking a $23 billion debt restructuring plan, but that fell apart last year when the company's bi...
In a rare show of cooperation, the United States and China begin talks to stop the flow of fentanyl.
China, World

In a rare show of cooperation, the United States and China begin talks to stop the flow of fentanyl.

BEIJING — American and Chinese officials met Tuesday to discuss joint efforts to stem the flow of fentanyl into the U.S., a sign of cooperation as the two global powers try to manage their contentious ties. The two-day meeting was the first for a new counternarcotics working group. One focus of the talks was fentanyl, the synthetic opioid that is ravaging America, and in particular ingredients for the drug that are made in China. Chinese President Xi Jinping agreed to restart cooperation in a handful of areas, including drug trafficking, when he and U.S. President Joe Biden met outside San Francisco in November. The agreements were a small step forward in a relationship strained by major differences on issues ranging from trade and technology to Taiwan and human rights. The U.S.
<strong>Xi Jinping’s bad governance and oppressive rule paradoxically creating possible future foes within the CCP</strong>
China

Xi Jinping’s bad governance and oppressive rule paradoxically creating possible future foes within the CCP

The CCP has been carrying out sweeping internal purges at the beginning and end of the year, while hiding its economic weaknesses and silencing negative opinions. The CCP’s unsuccessful meddling in Taiwan’s recent election has exposed the regime and Xi Jinping’s leadership problems amid internal and external challenges. Xi Jinping’s bad governance and oppressive rule are unintentionally creating enemies within Zhongnanhai, the CCP’s headquarters. Xi Jinping removed important figures he had promoted before, such as foreign minister Qin Gang and defence minister Li Shangfu, as well as many military leaders and defence industry heads. There are recent speculations about a plot against Xi led by Lu Yuan and other influential second-generation Red Elites, the offspring of revolutionary hero
China, World

China claims Sullivan and Wang had “honest, productive” discussions about resolving matters.

BANGKOK, Jan 27 (Reuters) - Chinese Foreign Minister Wang Yi had "candid, substantive and fruitful strategic communication" with U.S. National Security Advisor Jake Sullivan, aimed at furthering a pledge of dialogue by their leaders, China's foreign ministry said on Saturday.The two officials during the Bangkok meeting Friday and Saturday agreed to properly handle important and sensitive issues in U.S.-China relations, the ministry said, and for Presidents Xi Jinping and Joe Biden to "maintain regular contact to provide strategic guidance for bilateral relations … and make good use of the current strategic communication channels."