The New Normal/La Nouvelle Normalité/新常態: The End of US Dollar Hegemony?
From ASEAN’s consideration to settle trade in local currency to Brazilian President Lula’s visit of China, the author analyses the recent trend towards de-dollarisation
From ASEAN’s consideration to settle trade in local currency to Brazilian President Lula’s visit of China, the author analyses the recent trend towards de-dollarisation
Following the resumption of diplomatic relations between Saudi Arabia and Iran, many international scholars began to explore the role of China in the Russo-Ukrainian war. However, it is still difficult for China to play the role of mediator. Firstly, the Russian-Ukrainian war is by its very nature a proxy war, with the US’s strategic goals to weaken Russia economically and make European countries more dependent on the US militarily. China will not be able to reverse US strategic objectives until the US domestic environment changes. Secondly, as China is a long-term challenger to US hegemony at its core, the US also wants to worsen China’s relationship with the EU by tying China and Russia together through the Russo-Ukrainian war. The EU does not have confidence in China’s neutrality in the Russo-Ukrainian war. If China wants to mediate the Russo-Ukrainian war, it must win over the EU and seek a consensus, so that both sides can force the US and Russia to act prudently on the Russo-Ukrainian war.
China has released its position paper on the first anniversary of the Russo-Ukrainian War. However, the paper was received with mixed reviews. In this article, the author analyses the dilemma of China’s position and what China should do in the future to gain the support of more countries for its position.
The Russo-Ukraine conflict has strengthened the EU’s will to seek strategic autonomy. However, the EU’s reliance on the US and NATO for security may halt further plans for strategic autonomy.
The Taiwan Policy Act of 2022 is the most comprehensive bill introduced by the US Congress ever since the enactment of the Taiwan Relation Act of 1979, but how might this affect the Sino-US relations?
The article speculates China’s grand strategy toward the EU within the context of the Russo-Ukraine conflict. It analyzes the US-EU-China trilateral relationships and how the U.S. and China utilize the Russo-Ukraine conflict to spread their influence in the Eurasian continent.