China Archive

In December, with a dispute over oil-transit fees between Sudan and South Sudan exacerbating already tense post-independence relations, the world looked to China to save the day. Beijing sent Special Envoy Liu Guijin to negotiations in Addis Ababa in the hopes of brokering a deal on oil revenues and facilitating a final post-independence settlement between the two sides. A month later, the crisis between and within the two Sudans continues. But the episode raises the question of whether China’s evolving Sudan policy reflects a broader evolution in its approach to African and international diplomacy. China’s current relations with the two […]

During a visit to the Persian Gulf countries last month, Chinese Premier Wen Jiabao called for the conclusion of negotiations for a free trade agreement between China and the Gulf Cooperation Council (GCC) states. In an email interview, Jean-Francois Seznec, a visiting associate professor at Georgetown University’s Center for Contemporary Arab Studies, discussed the proposed China-GCC free trade agreement. WPR: How has trade between China and the Gulf Cooperation Council countries evolved over the past decade? Jean-Francois Seznec: Trade between the GCC and China has grown to about $90 billion in 2010 from $10 billion 10 years ago. China imports […]

BEIJING — China is seeking more-productive ways to deploy the $3.2 trillion it holds in foreign exchange reserves and other national wealth, including rapid expansion of its sovereign wealth management vehicles. With Western investors on the back foot in the past year, Chinese funds have notably expanded their ownership of high-profile strategic overseas assets. While large-scale Chinese foreign investment is seen by many as a cause for geopolitical concern, these entities are becoming increasingly sophisticated and credible, representing one of the most viable mechanisms for restoring balance to global trade and investment flows. Asian sovereign wealth funds (SWFs) have accrued […]