What the Chinese renminbi’s momentum means for US sanctions power

Written by Andrea Leonard Palazzi

In the end, the path to widespread use of the renminbi — at least to trade with China — is US sanctions themselves.

Faultlines9DLJuly 11, 20249DASHLINE, What the Chinese renminbi’s momentum means for US sanctions power, Andrea Leonard Palazzi, Second World War, Bretton Woods Conference, United States, dollar, USD, US dollar, global economy, World War II, GDP, finance, economics, trade, international currency, China, renminbi, yuan, US sanctions, sanctions, sanctions evasion, sanctions power, dollar-denominated, dollar-denominated transactions, banks, Clearing House Interbank Payment System (CHIPS), FedWire, US law, dollar network, SWIFT, Belgium, financial sanctions, SWIFT messaging system, cross-border, resiliency, resilience, economic statecraft, currency internationalisation, capital account liberalisation, renminbi swap lines, Cross-Border Interbank Payment System (CIPS), capital controls, primary international currency, balances and assets, export invoicing, Network effects, assets, liquidity, SWIFT-related sanctions, Western sanctions on Russia, Russia, Asia, hedging, hedging against sanctions, interest rates, de-dollarisation, Argentina, Pakistan, macroeconomic, distressed economies, trade facilitation, Venezuela, Brazil, bypass US sanctions, low cast, mBridge program, Global South, market factors, US-China conflict, interconnectedness

The US and China both failed at COP28

Written by Taylah Bland

The US-China competition and efforts at cooperation epitomised by the Sunnylands Statement can both contribute to the two biggest polluters taking concrete action in global climate change mitigation and adaptation work.

Taiwan needs to establish its own World Bank — today

Written by Dr Oliver Scanlan

Taiwan has always sought ways to expand its geopolitical influence; expanding its ‘international space’ is a way of mitigating the risks of Chinese coercion. If establishing an SWF would serve this end, then a much larger development bank would be even more effective.

Editor's Picks9DLAugust 2, 20239DashLine, Oliver Scanlan, Taiwan needs to establish its own World Bank — today, Taiwan, Sovereign Wealth Fund (SWF), geopolitics, Development Finance Institution, development bank, foreign exchange reserves, “Taiwan Development Bank” (TDB), government debt, concessionary finance, loans, interest rates, investment, decarbonisation, economic leverage, International Forum of Sovereign Wealth Funds, Santiago Principles, Yang Chin-Long, Taiwan’s Central Bank, Germany, KfW, Kreditanstalt für Wiederaufbau, Ethical, profitable, strategic sectors, Taiwania national investment fund, green energy, startups, joint ventures, circular economy, Taiwan’s “5+2” industrial strategy, resilience, adaptation, mitigation, official development assistance (ODA), “Indigenous Peoples Economic and Trade Cooperation Arrangement” (IPETCA), New Zealand, Canada, Australia, Indigenous Nations, World Bank, Asian Infrastructure Investment Bank (AIIB), International Monetary Fund (IMF), export-led economy, whose sovereign debt is an attractive, international credit ratings agencies, Fitch, Public Debt Act, Net International Investment Position, Philippines, debt-to-GDP ratio, Austria, Netherlands, G20, OECD, South Korea, E3G, Nick Mabey, risk, US Inflation Reduction Act, supply chain, climate change, Chinese coercion, Intergovernmental Panel on Climate Change

Japan’s defence plans: What matters is implementation

Written by Dr Ryo Hinata-Yamaguchi

Without continuous efforts in Japan including securing monetary and political capital — together with coordinating and cooperating with regional partners — Tokyo’s push for defence modernisation will face a myriad of challenges going forward.

East Asia9DLMay 8, 2023Japan’s defence plans: what matters is implementation, 9DashLine, Ryo Hinata-Yamaguchi, Japan, defence, military, National Security Strategy (NSS), National Defense Strategy (NDS), Defense Buildup Program (DBP), pacifism, Japan’s pacifist constitution, Tokyo, Japan Self-Defense Force (JSDF), counterattacks, military readiness, defence planning, National Defense Program Guidelines, China, North Korea, Russia, threats, Beijing, Moscow, Pyongyang, conflict, warfare, military modernisation, strike capabilities, nuclear doctrine, preemptive strikes, Russia’s invasion of Ukraine, Russia-Ukraine war, hybrid warfare, psychological warfare, cognitive warfare, capabilities, resilience, hypervelocity gliding projectiles, Okinawa, Japan Ground Self-Defense Force, Japan Maritime Self-Defense Force, Japan Air Self-Defense Force, defence budget, US-Japan alliance, Korean Peninsula, Taiwan Strait, US-Japan-South Korea trilateral coordination, Seoul, South Korean President Yoon Suk-yeol, Japanese Prime Minister Kishida Fumio, free and open Indo-Pacific, Quadrilateral Security Dialogue (Quad), NATO, Southeast Asia, rule of law, security dilemma

In Brief with Enoch Wu, founder of Forward Alliance

9DASHLINE recently had the pleasure of speaking with Enoch Wu, the founder of Forward Alliance. His organisation works to empower Taiwanese citizens to protect themselves and their communities in the face of disasters by providing civilian emergency-response training.

Taiwan: A partner for a resilient Indo-Pacific

Written by Dr Zsuzsa Anna Ferenczy

With the Taiwan Strait as a potential military flashpoint in the Indo-Pacific, embedding Taiwan in regional cooperation frameworks will support the efforts of like-minded democracies to deter Beijing’s destabilising actions which are affecting the entire region.

East Asia9DLFebruary 9, 20239dashline, Taiwan: a partner for a resilient Indo-Pacific, Zsuzsa Anna Ferenczy, Taiwan, Indo-Pacific, resilience, Taiwan strait, regional cooperation frameworks, China, Beijing, dialogue partner, destabilising actions, minilateral frameworks, diplomatic isolation, Taipei, revisionist posture, US-China geostrategic rivalry, minilateral cooperation, multilateralism, Quadrilateral Dialogue, Quad, Xi Jinping, Nancy Pelosi, semiconductors, bilateral ties, US, Washington, economic coercion, disinformation, global expansion, grey zone activities, Audrey Tang, COVID-19, infodemic, transparency, international cooperation, Russia, Russia-Ukraine war, national resilience, emergency preparedness, resource deployment capabilities, ASEAN, Nobuo Kishi, Australia-Taiwan partnership, Jenny Bloomfield, Supply Chain Resilience Initiative, SCRI, Artificial Intelligence, AI, Global Cooperation and Training Framework, GCTF, Comprehensive and Progressive Agreement for Trans-Pacific Partnership, CPTPP, Japan-Taiwan Exchange Association, JTEA

The EU ventures into the strategic “jungle”

Written by Mohammadbagher Forough

While tropes such as ‘values’ and ‘standards’ are promoted as the main feature of the Global Gateway’s connectivity agenda, African countries (and many others in Asia, the Middle East, and Latin America) will not overlook the fact that this promoted feature contrasts uneasily with neo-colonialist-sounding dichotomies like ‘garden/jungle’.

Faultlines9DLOctober 27, 20229DashLine, Mohammadbagher Forough, The EU ventures into the strategic “Jungle”, European Diplomatic Academy, Josep Borrell, Borrell, Vice-President Borrell, HRVP, garden, jungle, diplomacy, European Union, European Commission, geoeconomic, Global Gateway, Western, Europe, US security, Russian energy, Asia, Pivot to Asia, Biden administration, Indo-Pacific, Russian war against Ukraine, Ukraine, Russia, strategic autonomy, geopolitics, Ursula von der Leyen, China, EU’s Chips Act, John Keats, Germany, China strategy, Olaf Scholz, business lobby, France, Global Gateway initiative, EU Global Gateway Initiative, Europe’s Global Gateway, Belt and Road Initiative (BRI), supply chains, resilience, shared communities of interest, India, Africa, Cold War, anti-colonialism, Middle East, Latin America, neo-colonialist, Robert Kagan, colonialism, racism, Joseph Conrad’s “Heart of Darkness”, Putin, Edward Said, decolonial

Resilience and deterrence to guide Taiwan’s future

Written by Zsuzsa Anna Ferenczy

Strengthening deterrence in the face of growing hostility and new threats is where Taiwan’s leaders and citizens must focus more of their energy, in close cooperation with trusted partners, including the EU.

East Asia9DLOctober 25, 20229DashLine, Zsuzsa Anna Ferenczy, Resilience and deterrence to guide Taiwan’s future, Double Tenth National Day Celebration, President Tsai Ing-wen, Taiwan, resilience, deterrence, EU, post-pandemic recovery, climate crisis, economic inequality, authoritarian threat, strategic dependencies, Russia-Ukraine war, PRC, People's Republic of China, democracy protection, democracy promotion, supply chains, Beijing, economic statecraft, Taiwanese independence, Indo-Pacific, Indo-Pacific Strategy, Raphaël Glucksmann, European Parliament, disinformation, transparency, technology, fact-checking mechanisms, media literacy education, people-public-private partnership, #StrongerTogether, democracy, Audrey Tang, COVID-19 pandemic, semiconductors, New Southbound Policy, bilateral relations, Brussels, Resilient Supply Chains Agreement, Supply Chains Resilience Initiative, SCRI, Russia, sanctions, Taipei, Forward Alliance, Enoch Wu