Given all the fanciful prognostications about how China is poised to eat America’s lunch, it might sound odd that the country’s new leader, Xi Jinping, is sloganeering about the need for national “rejuvenation” and “revival.” He is, of course, attempting to harness patriotic sentiments in order to boost the Communist Party’s eroding legitimacy. But his […]
This week the U.S. Securities and Exchange Commission (SEC) charged China-located affiliates of the big five U.S. accounting firms with breaking securities laws by failing to provide documents from their audits of nine U.S.-listed Chinese firms under scrutiny. The SEC and the Public Company Accounting Oversight Board (PCAOB) are demanding that the accounting companies, BDO […]
It’s that time of year again. Another 12 months has flown by. Companies and organizations are celebrating their 2012 achievements and are looking for areas of improvement in 2013. Offices, malls and schools are filled with holiday music and lights. South Africa is no different, but there is some stress, as they prepare to host […]
Two moves by Chinese authorities over the past few weeks have raised concerns amongst China’s neighbors. In late November, China issued a new passport that includes a nine-dashed line incorporating most of the South China Sea — the same lines that are depicted on many official Chinese maps. This move has drawn strong condemnation from […]
In a radio interview airing Nov. 17 on Canadian Broadcasting Corporation, Zhang Junsai, China’s ambassador to Canada, told radio host Evan Solomon that Chinese firms are not involved in foreign espionage, “I can assure you that our companies working in other countries are strictly doing business according to the local laws.” Zhang blamed the […]
Presidential politics in China are pretty predictable. About once a decade its Communist Party votes for a new leader, who becomes the new president. The process is shrouded in secrecy, and not much is known about the new boss until he (and it’s always been a “he”) takes office. There’s also always some debate and […]
“One Vision, One Identity, One Community.” That is the motto of the Association of Southeast Asian Nations. Very utopian. Some might say naïve. And yet this regional organization has, up until this year, always spoken in one voice with member states that always seemed to prize cooperation. But this quixotic approach to regional relations is […]
While foreign policy had a brief moment in the sun during this past election cycle, Americans are still clearly, and rightly, preoccupied with the challenges we face here at home. A CBS poll taken just before President Barack Obama was re-elected found that just 5 percent of Americans said foreign policy was an “issue of […]
Two and a half years after the Treaty of Lisbon, the EU showed up with a new human rights face for its external relations. The often repeated words of Catherine Ashton, the High Representative of the Union for Foreign Affairs and Security Policy, stating that human rights have to be a “silver thread” that runs […]
Today marks the start of the East Asia Summit, an annual forum where the leaders of the 10-member Association of Southeast Asian Nations (ASEAN) and their counterparts from eight other nations, including China and the U.S., meet to discuss security and economic concerns. One issue which may take center stage concerns conflicting claims over the […]
Reminiscent of the carefully-choreographed 2008 Beijing Olympics, China’s unveiling on Thursday of the lineup of the new Politburo Standing Committee, its highest leadership body, took every precaution to ensure an orderly transfer of power. Security in Beijing was tightened, shops were ordered to remove fruit knives from their shelves, hotels opened and inspected all stored […]
A few quick updates are in order for a regular theme in this blog: Amid a torrent of extravagant prophesying about how China is poised to conquer the world, technological innovations and private entrepreneurs are actually rejuvenating America’s strategic prospects. As previous posts (here and here) have outlined, the marked surge in U.S. oil and […]
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