China’s central bank is currently conducting trials for its digital currency, which it hopes to have available for widespread use by the 2022 Winter Olympics in Beijing. But many privacy advocates are alarmed at the amount of data that Chinese authorities will be able to collect through the new digital yuan, and the resulting potential for abuse. On the Trend Lines podcast this week, WPR’s Elliot Waldman discussed the implications of China’s new digital currency with Yaya Fanusie, a senior fellow at the Center for a New American Security. Listen to the full interview with Yaya Fanusie here: If you […]
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Editor’s Note: This is the web version of our subscriber-only weekly newsletter, China Note, which includes a look at the week’s top stories and best reads from and about China. Subscribe to receive it by email every Wednesday. If you’re already a subscriber, adjust your newsletter settings to receive it directly to your email inbox. In his keynote address to the annual Boao Forum last Tuesday, Chinese President Xi Jinping delivered one of the clearest statements to date of China’s ambitions on the global stage, rejecting hegemony, whether for China or any other power, and calling for an international order […]
Since last year, authorities in China have been conducting pilot programs for the country’s new digital currency. The project, which Beijing has been researching since 2014, is an example of what’s known as a central bank digital currency, which a number of other countries are experimenting with, but few of them are at as advanced a stage as China. A top official at China’s central bank recently expressed hope that the digital yuan would be ready for testing with foreign visitors and athletes during the 2022 Winter Olympics in Beijing. Beijing’s progress on its digital currency has led some commentators […]
The U.S. had barely begun its recovery from the SolarWinds compromise, when another large-scale, state-sponsored cyberattack came to light in January. Like the SolarWinds hack, the Microsoft Exchange Server data breach exploited several zero-day vulnerabilities and has been attributed to a nation-state. But unlike SolarWinds, while the Microsoft attack was initially a targeted attack, it went on to create widespread collateral damage, leading some commentators to characterize it as “reckless.” Microsoft has attributed the compromise to a Chinese state-sponsored espionage group called “Hafnium.” Recent U.S. sanctions against Russia, in part motivated by the SolarWinds attack, have given rise to an […]
The recently finalized 25-year comprehensive cooperation agreement between Iran and China has been referred to in the media as a “game-changer,” a “breakthrough” and a “major geopolitical shift,” but in reality, it is much ado about nothing. Signed with great fanfare on March 27, during Chinese Foreign Minister Wang Yi’s visit to Tehran, the deal does provide Iran with a political and rhetorical win in the context of its ongoing negotiations over the revival of the 2015 nuclear deal. Beyond the optics of the agreement with China, though, the substance follows the same playbook that Beijing and Tehran have developed […]
China has undertaken countless infrastructure projects across the globe as part of its Belt and Road Initiative, but the plan to transform the iconic waterfront of Colombo, the Sri Lankan capital, was so consequential, so massive, that Chinese President Xi Jinping personally attended the 2014 launch. From the start, the plan sparked fierce public protests, but it moved forward. Now, the $1.4 billion Colombo Port City development has run into legal headwinds, once again making Sri Lanka one of the principal case studies of China’s effort to gain a strategic foothold in developing countries across the globe. This week, Sri […]
Editor’s Note: This is the web version of our subscriber-only weekly newsletter, China Note, which includes a look at a top story as well as a roundup of the rest of the week’s news and commentary from and about China. Subscribe to receive it by email every Wednesday. If you’re already a subscriber, adjust your newsletter settings to receive it directly to your email inbox. The United States and China struck a rare cooperative tone in a joint statement issued after two days of meetings between John Kerry, the Biden administration’s climate envoy, and his Chinese counterpart, Xie Zhenhua, in […]
China has a long history of wielding its immense market power as a tool of economic coercion. During the first half of the 20th century, it fought back against colonial powers by organizing boycotts of goods from the United States, the United Kingdom and Japan. Nearly a century later, China is again using the boycott as a weapon against what it views as unwanted outside interference—in this case, criticism from foreign officials and businesses over allegations of human rights abuses against ethnic minorities in China’s Xinjiang region. Yet despite its $14 trillion economy—the world’s second-largest—the threat of a Chinese boycott […]
Editor’s Note: Every Wednesday, WPR contributor Rachel Cheung and Assistant Editor Benjamin Wilhelm curate the week’s top news and expert analysis on China. Subscribers can adjust their newsletter settings to receive China Note by email every week. On Monday, China’s People Liberation Army flew 25 aircraft, including fighter jets and bombers, through Taiwan’s air defense identification zone, marking the largest such incursion since the self-ruled democracy began making its data on them public last September. Taiwan has continued to monitor the movements of the Chinese aircraft, transmit radio warnings to them and track them with its missile defense systems. But […]
There is perhaps nothing so difficult or so important as thinking independently in the face of a gathering consensus. Very few people have the courage displayed by Rep. Barbara Lee, who just three days after the attacks of 9/11 cast the sole vote in Congress opposing the Authorization for Use of Military Force, which gave the Bush administration broad discretionary powers to wage war against terrorists. Lee’s opposition was not based on naïveté or ideological purity, both of which can be the source of what otherwise resembles iconoclastic thinking. Rather, she had the prescience and lucidity to see the dangers […]
Editor’s Note: Every Wednesday, WPR contributor Rachel Cheung and Assistant Editor Benjamin Wilhelm curate the week’s top news and expert analysis on China. Subscribers can adjust their newsletter settings to receive China Note by email every week. China’s “wolf warrior” diplomacy may have backfired in Australia, Canada and most recently France, but in a sign of its hardening attitude toward the West, Beijing is not backing down from its aggressive posture. Defying diplomatic norms, a growing number of Chinese envoys are adopting a belligerent tone in their speeches and tweets, which Chinese authorities have justified as a necessary response to […]
The top U.S. military commander for the Asia-Pacific region, Adm. Philip Davidson, raised eyebrows at a recent Senate hearing when he suggested China could invade Taiwan within the next six years. The nominee to replace Davidson at the head of U.S. Indo-Pacific Command, Adm. John Aquilino, then went a step further, telling the same committee last week that in his view, “This problem is much closer to us than most think and we have to take this on.” At first glance, such concerns might seem justified. The Chinese Communist Party has always viewed the annexation of Taiwan as a key […]