Foreign Policy - metered paywall - 26 Oct 2017
The Chinese government is taking quiet steps to bring Saudi Arabia’s hydrocarbon reserves firmly into its orbit. It has already expressed interest in a direct purchase of 5% of Saudi Aramco, and will want oil to be traded in yuan. This is a long-term game that will in turn increase global demand for yuan-denominated assets. The dollar’s monopoly on major oil sales may loosen gradually - and then suddenly (reads in 7-9 min).
Published in Weekly selection 27 October 2017
The New Yorker - 19 Jun 2017
This is a scathing critic of Graham Allison’s book and contention that a war between China and the US is much more likely than we think. Ian Buruma thinks not and explains why. In his view, Allison underrates the many factures that could slow things down quite soon. He also comments on several other books recently published on the same subject (reads in about 5-7 min).
Published in Weekly selection 23 June 2017
Foreign Affairs (metered paywall) - 6 Jun 2017
This is an interesting and intriguing proposition: at the moment, China and Europe are forging ahead without the US. The researcher argues that increasing division between the EU and the US may mark the beginning of a new China-EU axis in global politics. This started during the annual EU-China Summit on June 1–2 when the two sides forged a new green alliance to combat global warming, but it may extend to a monetary axis and even problem areas such as trade and security (reads in about 6-8 min).
Published in Weekly selection 10 June 2017