By

BCF

North Korea: Key to a China Nightmare?

Synopsis

North Korea may not be a nightmare for China. Instead, it will provide an opportunity for China and the United States to work together in preventing a possible nuclear crisis on the Korean Peninsula. China should take a strong initiative to restart the Six Party Talks.

Xisha (Paracel) Islands: A Rejoinder

Synopsis

Purely based on the application of international law of the sea, and notwithstanding the sovereignty dispute over the Paracels, the Haiyang Shiyou 981 oil rig was transported by China recently to a location deep inside the EEZ and continental shelf of Vietnam.

The BRICS Bank: Now Comes the Hard Part

 

No sooner had the dust settled from the World Cup than Brazil played host to the five leaders of the BRICS countries—Brazil, Russia, India, China, and South Africa. An immediate outcome of the Fortaleza summit was the formation of the New Development Bank, a development finance institution to rival the World Bank. The group also announced a currency reserve pool as an alternative to the IMF. Done right, both initiatives could change the institutional landscape for multilateral development financing.

 

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