By Garima Mohite
A crucial aspect of Easternization which is often underrated is the role that the dollar plays in maintaining a US dominated world order. The unchallenged reign of the dollar as the global reserve currency is an important aspect in containing the process of Easternization. This paper examines the steps China has taken in the past towards internationalization of the CNY and should take in the future for the CNY to effectively compete with the dollar as the global reserve currency.
By Yi-ting Wang
The trade war between China and the US is escalating into a technology war, which unveils how important it is for China to break the dependence on the import of the crucial semiconductors or Integrated Circuit (IC) components. Why does the chip matter for both countries? Because the chip is the foundation of the digital world. The development of Robots, AI and IoT became possible because of this chip. Therefore, it is crucial for China to have a self-sufficient semiconductor industry.
By Martin Catarata
Within the last couple of years China has significantly narrowed the gap to the USA regarding AI technology. If we look at AI-related publications as an indicator of relative strength of each country, an intriguing picture emerges: China’s AI advancement is accelerating at a much quicker pace than Europe’s and even America’s. Keeping in mind that China’s technological transformation is intrinsically connected to the state, this paper will look at the general state of art in China and how the government supports AI developments.
By Valeriia Mikhailova
China's economic growth during recent years leads to an enhancing geopolitical influence on different parts of the world. One of the main priorities of China on the world stage is to increase its influence on the regions which were underestimated according to previous foreign policy. Among these emerging regions, the Arctic has enormous geopolitical importance and economic potential. In terms of economic benefits, the Arctic is essential for China due to the considerable amount of natural resources and logistics opportunities. The potential Arctic reserves include 25 percent of the world's undiscovered gas and around 13 percent of the world's oil resources. As China is not a part of the Arctic Circle, it cooperates with some "arctic" countries such as Russia, Denmark, Norway, Finland, Sweden, and Iceland to get access to exploitation and utilization of nature resources and have say in Arctic governance.
By Bastian Matthias Dürr
Besides rattling financial markets, distressing exporting industries, and inducing headaches amongst economists, the Sino-U.S. trade dispute has created a need for research concerning the likely macroeconomic and financial forces weighing on the two markets and their governments. Moreover, the political nuances of the two distinct systems of government and their respective policy options in a drawn-out trade dispute may need to be better understood before attempting projections regarding a conflict in which politics may very much trump economics. This paper utilizes said approach, wherein market dynamics, policy options, and short- to long-term political strategies are incorporated into a hypothesis as to the future path of trade between the People’s Republic of China (PRC) and the United States of America (USA).