LATEST NEWS: Yes, the U.S. Really Will Defend Japan

Professor Paul Sracic suggests in his July 26 essay “Will the U.S. Really Defend Japan?” on The Diplomatthat President Barack Obama is likely to consult Congress if and when he is forced to decide whether to come to the assistance of Japan, in case of a military conflict with China over the disputed Senkaku/Diaoyu Islands, and that […]

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LATEST NEWS : The Expanding Offshore Renminbi

As China continues to lower barriers to its capital account, offshore renminbi (RMB) trading markets have grown substantially, guided in their establishment and encouraged in their development by Chinese leaders. The People’s Bank of China appointed RMB clearing banks in London and Frankfurt in June. South Korea also agreed last Thursday to foster its offshore RMB […]

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LATEST NEWS : China Calls Iran a ‘Strategic Partner’

On Monday China and Iran agreed to deepen defense ties, according to Chinese state media. The announcement was made following a meeting between Chinese Defense Minister Chang Wanquan and his Iranian counterpart, Hossein Dehqan. According to Reuters, which quoted a report in Xinhua News Agency, China said that bilateral relations “remained positive and steady, featuring frequent high-level […]

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China’s yuan makes waves on international currency markets

Evidence the yuan is becoming truly global can be found in Rongrong Huo’s passport, which shows the HSBC banker bouncing from Switzerland to South Africa fielding inquiries from a growing number of clients on how they can trade China’s currency. “The market potential is huge,” Huo, who heads HSBC’s yuan business development for Europe, said […]

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