The new drivers of Asia’s global presence
This paper examines the growing role of Asia in globalisation, showing that China is not the only important player and that its impact goes far beyond the economic dimension.
China, the US and the new world order
China has changed the global economic order – with the help of Europe
Ancient Chinese strategists always believed that a tripolar system is the best political configuration for stability. The same goes for global economic governance, and the three main poles (although not the only ones) should be: the US, China and the European Union.
The institutional limits to the internationalisation of the RMB
The recent inclusion of the renminbi in the IMF’s Special Drawing Rights is a major victory for the People’s Bank of China. Yet for a currency to be highly internationalised, the issuing country must have a stable and transparent political and legal framework.
China’s growing assertiveness in the South China Sea
This paper examines China’s growing assertiveness and its strategic interests in the South China Sea and sheds some light on the changing strategic realities in East Asia and the nature of the South China Sea disputes.
A new multilateral bank to boost investment in infrastructure in Asia
The establishment of the Asian Infrastructure Investment Bank (AIIB) faces major challenges in coming months. It also offers new opportunities to re-launch economic and trade relations for Europe and Asia and for international infrastructure companies.
China in Latin America: Repercussions for Spain
The strengthening of ties between China and Latin America has a double-edged impact on Spanish interests.
Stock market collapse and exchange-rate depreciation: what next for China?
Two episodes of panic have broken out in China’s financial markets in the course of no more than a month: a stock market collapse and only very recently a Renminbi (RMB) depreciation engineered by the People’s Bank of China (PBoC). This note reviews what has happened so far and explores the potential consequences.
Japanese cultural values in business relationships
This ARI is based on broader research conducted by the author in Japan as a Visiting Researcher at the Institute of Social Sciences of the University of Tokyo. Its aim is to explain in depth the importance of understanding Japanese cultural values in establishing and developing business relationships with Japanese organisations.
Spain’s current standing in India: its image and political relations
The aim of this working paper is to present a series of proposals to improve Spain’s image in India and cement a new era in bilateral political relations.
What are the prospects for the new Chinese-led Silk Road and Asian Infrastructure Investment Bank?
The new Silk Road is the most ambitious international initiative yet to be launched by the Chinese President, Xi Jinping. This policy has many strands, one of the most prominent being the creation of the Asian Infrastructure Investment Bank. We examine its possible implications for Europe, including Spain.
China has to walk economic tightrope
China must relax its domestic finance grip to allow consumers to be driving force of economy.