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Jul 19, 2021

Market access, socio-environmental pressures, and the complex terrain of economic security in Southeast Asia

Access to global markets is increasingly conditional on meeting social and environmental standards in a number of strategic economic sectors relevant to Southeast Asia. Although linking trade to environmental and labour standards is not new, what has changed is the extent to which diverse, often competing public and private socio-environmental…

Jul 19, 2021

Tying hands for what? Standard setting and China’s new White Paper on international development financing

Recently, the Chinese government released the White Paper on China’s International Development Cooperation, considered as a response to the international pushbacks resulting from the Chinese aggressive Belt and Road Initiative (BRI). The White Paper clearly aims to address international concerns such as transparency, project ownership, and financing efficiency. Based on…

Jul 19, 2021

A brave new world of money: the nature and logic of China’s digital yuan

As the People’s Bank of China (PBoC) rolls out a digital yuan, officially designated as the Digital Currency Electronic Payment (DCEP), monetary relations in China could be revolutionized. Digital currencies differ from both physical cash and traditional electronic payments in that they are digital tokens that use distributed ledger technology…

Jul 19, 2021

US financial statecraft on China and Hong Kong: unintended consequences across the Asia-Pacific

This essay details how the United States has applied coercive financial statecraft tools on China and Hong Kong in 2020-21 and assesses the impact of these punitive measures. The tools include financial sanctions on Hong Kong and Mainland Chinese officials, investment bans on Chinese companies with purported links to China’s…

Jul 19, 2021

Chinese economic statecraft. An illiberal actor in a (more) liberal global economy: who is changing who?

interactions, including at times the investment activities of non-state actors designed to attain commercial objectives. This extended usage of the concept can in part be explained by assumptions and/or misunderstandings of the nature of Chinese international actors, and their relationship with the state. It also raises questions about whether economic…

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