Asia & the Pacific

Capital Choices analyzes the creation of different SWFs from a comparative political economy perspective, arguing that different state-society structures at the sectoral level are the drivers for SWF variation. Juergen Braunstein focuses on the early formation period of SWFs, a critical but little understood area given the high levels of political sensitivity and lack of transparency that surround SWF creation. Braunstein’s novel analytical framework provides practical lessons for the business and finance organizations and policymakers of countries that have created, or are planning to create, SWFs.

Both sides of the Atlantic are converging in their assessment of the challenges China poses to transatlantic prosperity and democracy. The U.S. and Europe must now build on this convergence to advance a common strategy toward China. Only together can the U.S. and Europe, alongside other democratic nations, maintain the necessary leverage in trade, technology and multilateral engagement to hold China accountable to a set of standards that protects democratic societies and contributes to global stability.

To develop a stronger transatlantic approach toward China, the Biden administration must work to rebuild trust in the transatlantic relationship and recommit to multilateral alliances and institutions abandoned by President Trump. Europe for its part must unite and take action where it sees China exploiting its critical industries and infringing on its values. A common position on China at the EU–level and across several influential EU member states is critical to making transatlantic cooperation on China feasible.

As the divergent experiences of the US and South Korea show, testing can be the difference between disease containment and catastrophe. Rather than relying on national governments to ensure the rapid development, production, and deployment of diagnostics during outbreaks, the world needs a global coordinating platform.

February 24th, 2020, in Cambridge, Massachusetts, Dr. Gesche Joost, Professor of Design Research at the Berlin University of the Arts and head of the Design Research Lab since 2005, discussed the digital divide and how it will shape social connectivity in an event moderated by Cathryn Clüver Ashbrook, Executive Director of the Future of Diplomacy Project and the Project on Europe and the Transatlantic Relationship, and Lauren Zabierek, Executive Director of the Cyber Project.

In an event co-hosted by the Project on Europe and the Transatlantic Relationship’s (PETR) and the Asia Center, Cathryn Clüver Ashbrook, Executive Director of the Future of Diplomacy Project and the Project on Europe and the Transatlantic Relationship, moderated a panel discussion on China’s technological rise and its impact on the US-EU relationship. The panel featured Joel Brenner, Senior Research Fellow at the Center for International Studies; Danil Kerimi, Head of Technology Industries Sector, Digital Economy and Global Technology Policy, the World Economic Forum; Meicen Sun, PhD Candidate in the Department of Political Sciences at MIT; and Daniel Weitzner, Founding Director of the Internet Policy Research Initiative. 

China’s complex relationship with the European Union is symbolised through the events of November 2019. Chinese President Xi Jinping flew to Greece almost as soon as French President Emmanuel Macron concluded his 3-day state visit to China on 6 November. China boasts a successful investment here — the Piraeus harbour of Athens.

The Project on Europe and the Transatlantic Relationship (PETR) and the Asia Center will be hosting a new event series over the course of the Fall and Spring semesters of the 2019-2020 academic year, focusing on China's rise and its implications on the transatlantic relationship.

Macron's second official visit to the country should be about more than feeding the growing appetite for consumption by the Chinese. Rather, Macron ought to use his meetings with his Chinese counterpart and other top officials to boldly advance a broader European agenda on issues ranging from climate change to intellectual property and even to human rights.

The 70th anniversary of the People's Republic of China was not a birthday I felt like celebrating.

As Dutch historian Frank Dikotter has shown in his searing three-volume history of the Mao Zedong era, the Communist regime claimed the lives of tens of millions of people: 2 million in the revolution between 1949 and 1951, another 3 million by the end of the 1950s, up to 45 million in the man-made famine known as the "Great Leap Forward," and yet more in the mayhem of the Cultural Revolution, Mao's campaign against the intelligentsia, which escalated into a civil war.

The purpose of this paper is to analyze how China’s new power is reaching Europe, the challenges that it poses, and the European responses to this new reality. This process has to be examined in the context of the current strategic competition between China and the U.S. and its reflection on the transatlantic relationship.