The latest update of the Asian financial safety net, CMIM, is another step toward greater Asian financial independence – away from the US dollar and the US-dominated IMF. The CMIM, in which China, Japan, and South Korea play a central role, is being strengthened just as the new US administration under President Joe Biden seeks to revive its influence in Asia. This also plays into China's long-term plans for the yuan.
Von Frank Sieren
Taiwan tensions between China and the US are rising rapidly. Both sides are increasing their military presence in the Taiwan Strait. Beijing is pushing into Taiwan's airspace with an ever-increasing military force. But Taipei is also arming itself. Next week Democrats and Republicans in the US Senate will debate a bill that could further strengthen the United States' ties with Taiwan.
Von Felix Lee
The world's largest sportswear manufacturers Nike and Adidas are plagued by boycott concerns in their China business. Their Chinese competitor Anta Sports, meanwhile, is actively sourcing cotton from Xinjiang. A strategy that could become a problem internationally for the main supplier of the 2022 Winter Games in Beijing.
Von Redaktion Table
The introduction of emissions trading in China opens up the opportunity for joint certificate trading with the EU. The gains from such a link would be enormous, and border adjustment would be superfluous. Sonja Peterson and Malte Winkler, researchers at the Kiel Institute for the World Economy, write about the political conditions that need to be created and the regulations that need to be put in place for the project to succeed.
Von Antje Sirleschtov
Die Taiwan-Spannungen zwischen China und den USA nehmen rapide zu. Beide Seiten erhöhen ihre militärische Präsenz in der Taiwanstraße. Peking dringt mit immer größerer militärischer Kraft in den Luftraum Taiwans vor. Doch auch Taipeh rüstet auf. Kommende Woche debattieren Demokraten und Republikaner im US-Senat einen Gesetzentwurf, der die Bande der Vereinigten Staaten zu Taiwan weiter stärken könnte.
Von Felix Lee
