China

Global Financial Crisis: Is there a Way Out?

President Bush will host the first ever financial summit of the G-20 on November 15, 2008 in Washington to discuss the current global financial crisis which threatens the economic and political stability through out the world. The crisis comes on the heels of an economic crisis in the global economy in the first half of 2008 which was characterised by a record level of oil prices, global food shortages, high inflation and rising inflation in most countries.

Understanding China’s Military Strategy

Chinese military modernization and its resulting aggressive posturing have serious implications for Asian stability and Indian security. This article is an attempt to understand the main security challenges from a Chinese perspective; the kind of responses, especially military, that China has undertaken; and the way Chinese military strategy has evolved from Mao's People's War days to a modern hi-tech military force today.

India’s ‘Monroe Doctrine’ and Asia’s Maritime Future

Many scholars assume that the European model of Realpolitik will prevail in Asia as the dual rise of China and India reorders regional politics. Others predict that Asia's China-centric tradition of hierarchy will reassert itself. But Indians look as much to 19th century US history as to any European or Asian model. Indeed, successive prime ministers have explicitly cited the Monroe Doctrine to justify intervention in hotspots around the Indian periphery. The Monroe Doctrine, however, underwent several phases during the USA's rise to world power.

Can India ever Trust China?

The two recent glorious achievements - the Olympics and spacewalk mission – seem to have transcended China to a new global height with wide implications for the world’s strategic balance. From all accounts, analysts suggest that China will not only survive but has also gained from the recent global financial meltdown.

The Significance of Shenzhou-VII

On October 7, 2008, the PLA Daily reported that the Central Military Commission (CMC) and the four general departments of the Chinese military celebrated in great style the success of the Shenzhou-VII manned space flight mission. Shenzhou-VII, carrying three astronauts (Zhai Zhigang, Liu Boming, and Jing Haipeng) returned successfully on September 28 after conducting a historic spacewalk mission. This success made China the third country after the United States and Russia to conduct a space walk mission.

Explaining China’s India Policy

Let the fact speak for itself. China was not happy about India gaining the waiver in the Nuclear Suppliers Group (NSG) and it played the role of a spoiler till such time it could. The Indian Government now feels betrayed. Perhaps India expected China’s reciprocity in exchange for its gracious support for the successful tour of the Olympic Torch. Indeed, it was naiveté that led India to believe Chinese rhetoric.