China Strategic Review
China Strategic Review - 1-2/2022
Release Time:2022-02-23
Pursuing the High-quality Beijing Winter Olympics to Accelerate the Pace in Creating a New Development Dynamic and Blaze a Trail for a New Type of Globalization
Wang Haifeng

Beijing is the first city in the world to host both the Summer and Winter Olympics. The 29th Summer Olympic Games in 2008 was successfully held in Beijing, which boosted the transformation of Beijing's infrastructure, environmental governance and the construction of sports venues, the development of mass sports, and opened the golden decade of China's economy. The 2022 Winter Olympics, successfully held in Beijing again, witnessed not only Beijing's high-quality economic and social development, the acceleration of creating a new development dynamic, but also the success of China's response to the impact of the COVID-19 epidemic and China’s responsibility as the great power in leading a new type of globalization. It speaks the volumes about the Olympic spirit which requires “mutual understanding with a spirit of friendship, solidarity and fair play” and the vision of Beijing Winter Olympic Games “Together for a Shared Future”.

I. The Beijing Winter Olympics is the first global comprehensive sports event that has been successfully held as scheduled since the outbreak of the pandemic.

The Beijing Winter Olympics held as scheduled is instilling a sense of confidence and strength into a world overshadowed by the pandemic, promoting the Olympic spirit of "mutual understanding with a spirit of friendship, solidarity and fair play", injecting vitality into the new type of globalization and providing momentum for mankind to jointly meet the challenges of globalization.

II. The Beijing Winter Olympics is conducive to lending impetus to China’s domestic cycle and exploring new growth drivers

The Beijing Winter Olympics has promoted the high-quality development of Beijing's social economy, the coordinated development of Beijing, Tianjin and Hebei, and the great development of China’s ice and snow sports. It plays a positive role in promoting the domestic cycle, helps the people in the north to change the working concept of winter life and sports, and promotes the northeast region and northwest region to better participate in the domestic cycle.

III. The Beijing Winter Olympics is conducive to promoting positive interplay between domestic circulation and international economic flows and leading a new type of globalization

The concept of "green, sharing, openness and integrity" upheld by the Beijing Winter Olympic Games is highly consistent with the concept of domestic development in the new era, and has also been widely recognized by the international community, which is conducive to promoting the dual cycle of domestic and international development. The successful hosting of the Beijing Winter Olympics will help build a new type of competition and cooperation between major countries and promote the construction of a new global order.

The Biden Administration’s Indo-Pacific Strategy: Strengths, Arguments and Prospects
Xiao Ding

The Biden administration has inherited the “Free and Open Indo-Pacific Strategy” from the Trump administration, with the purpose of containing China’s development, put in a lot of efforts in shaping an order in the Indo-Pacific beneficial to itself, and was eager to make strategic adjustments to maintain its hegemonic position.

On the one hand, However, constrained by the weak domestic infrastructure and the intensification of its cold civil war, the promotion of Indo-Pacific strategy faced many difficulties. On the other hand, its economic and military strength are also hard to support its attempt to compete with China from a position of strength.

The perverse moves of the United States in the world in recent years and the hit of the COVID-19 pandemic has reduced its global influence like never before, at the time, the trend of multi-polarization of international landscape are becoming clearer.

In terms of the Asia-Pacific strategic situation, China has continued to consolidate the foundation for development, closer the China-Russia comprehensive strategic partnership of coordination for a new era, deeply integrated with the political and economic development of the Asia Pacific region, promoted the construction of the Asia-Pacific Community of shared future, and greatly expanded its strategic initiative and room for maneuver.

The United States seems to be aggressive in its desire to make progress, but it actually has countless concerns about China's rise. In fact, it is impossible for the US to reverse its passive situation in the Asia-Pacific strategic landscape.

The Biden administration's attempt to shape the order in the Indo-Pacific by interfering with the process of Asia-Pacific Cooperation and creating division in the Asia Pacific region with values-oriented diplomacy and bloc politics is not in the interests of the vast majority of countries in the Asia Pacific. It deviates from the trend of the times of peaceful development and win-win cooperation. It may be rampant for a while, but it will be eventually laden with political, security and economic responsibilities for it, and it might emphasize one thing while neglect another in the game between China and the United States, reproducing the embarrassing situation of "endless war" in the Middle East.

How the American Young People Vote: The Young Americans Political Identification and its Impacts
Li Qingsi / Wang Yiwei

The United States of America adopts a political system of party election, which has evolved into a rather complete game to play after long time practice, but also faces severe challenges due to changing factors such as divided and plural constituent’s composition and digital era impact etc. This essay tries to explore the young Americans’ election rights particularly in presidential campaign through historical perspective till the 26th Constitutional amendments; briefly summarizes why the young voters rapidly increased in the last two presidential campaign, and realizes that the generations Y and Z political identification have split due to the impacts of Covid-19, and then explores the implications of political correctness behind political identification and social media to the young American groups to analyze and look forward to the young American future and 2022 midterm election based on the Election Freedom Bill proposed by the Democratic Party during the 117 Congress.

The US Dollar Hegemony, the US Sanctions and the De-Dollarization
Li Changjiu

The status of a country's currency as the world's dominant currency is supported by its strong comprehensive national strength and global hegemony. Nouriel Roubini, professor of Economics at Stern School of Business of New York University, wrote in his article, titled "Is the Almighty Dollar Slipping?", published in Project Syndicate on Aug 21, 2020, "There is nothing new about the hegemon’s currency being the global reserve currency. This was the case with Spain in the sixteenth century, the Dutch in the seventeenth century, France in the eighteenth century, and Great Britain in the nineteenth century. If the coming decades bring what many have already called the “Chinese century,” the dollar may well fade as the renminbi rises." "Weaponization of the dollar via trade, financial, and technology sanctions could hasten the transition. "

For more than 100 years from "dollar diplomacy" to "dollar hegemony", the United States has used the US dollar as a weapon to impose crazy sanctions on other countries, causing about 50% of the world's population to suffer. Unilateral sanctions are the most commonly used means of bullying by the United States. From freezing assets to restricting trade, from being included in the Entity List to restricting the entry of personnel, those who do not follow the United States or hinder its hegemony, whether sovereign countries, citizens, competitors or even traditional allies, may become the victims of unilateral sanctions by the United States. Since the outbreak of covid-19, the United States has continued to upgrade sanctions against Cuba, Iran, Syria and Venezuela, and even prevent international financial institutions from providing emergency loans to them. This has caused shortages of anti-epidemic materials and necessities in these countries and aggravated the humanitarian disaster, which has been strongly condemned by the international community. Countries around the world have been accelerating the "de-dollarization", including the diversification of foreign exchange reserves, the localization of trade settlement and the establishment of an international settlement system free from the control of the United States.

Experience and Countermeasures of Ensuring Long-term Supply and Price Stability of Non-Ferrous Metals in the New Era
Yang Yiyong / Liu Fang

Since the 18th National Congress of the Communist Party of China, the Chinese government has accurately implemented a series of regulatory measures for non-ferrous metals such as copper, aluminum and zinc, and the effect of ensuring supply and stabilizing price is obvious. Practice has proved that in the case of market failure and abnormal rise in non-ferrous metal prices, the State takes comprehensive measures to strengthen regulation and supervision and guide non-ferrous metal prices to return to a reasonable range, which is a full embodiment of the organic combination of effective market and promising government. However, the high degree of external dependence but lack of price influence, insufficient control over global resources, low recycling rate of non-ferrous metals, green rigid demand, aggravating the gap between supply and demand and other reasons will affect the implementation effect of relevant regulatory policies. Based on this, we should further improve the relevant regulation and control policies to ensure supply and price stability, coordinate development and security, domestic and international, improve the independent supply capacity of minerals, the toughness of supply chain and industrial chain and the global allocation capacity of resources, accelerate the construction of international pricing centers for important bulk commodities, and improve the price intervention measures for non-ferrous metal commodities.

Thoughts on China's Geostrategy Against the Backdrop of China-US Strategic Competition
Qian Feng

Geostrategy refers to the foreign strategy formulated by a country based on its own geographical factors, political positioning and comprehensive strength, and updated and adjusted in time according to the changes of the international environment and its own development needs. In the face of the great changes in the world unseen in a century, it is particularly necessary to draw political wisdom from the thoughts of sages and bear in mind the profound lessons of Germany's strategic mistakes after Bismarck stepped down, so as to make multidimensional thinking and prudent planning for China's geostrategy in the new era.

Gaullism: the Keynote of the 2022 French Presidential Election
Sun Haichao

France is scheduled to hold a new presidential election in April 2022, which has begun as early as a year ago. All candidates and their political factions are gearing up in different ways. All Emmanuel Macron has done since he was elected in 2017 is to prepare for re-election in 2022. After Jacques Chirac, Nicolas Sarkozy failed to seek re-election, and Francois Hollande became the only president who did not seek re-election since the Fifth Republic of France. The reason is that Hollande feels hopeless for re-election and doesn't want to leave a laughing stock. From the analysis of the current situation, macron will win the presidential election in April 2022 and continue his second five-year term if there are no major accidents. However, Macron's re-election path is not smooth. Economic hardship and populism, as two prominent contradictions, will pose a challenge to him; Diplomacy is Macron's strong point, and his strong  Gaullism will be the scoring item for the election.

Afghanistan: The Road to Peace and Development
Wang Shida

At present, the situation in Afghanistan is undergoing major changes unseen in the past two decades. Not only did the Afghans become the masters of their own destiny for the first time, they basically formed a new central government independently, and the central government's strong control over rural area is also rare. The unprecedented changes provide a rare historical opportunity for Afghanistan to achieve peace and stability. If the Afghan Taliban government can seize this historical opportunity and handle a number of important relationships, then it may be possible to achieve peace and stability. Among them, handling the relationship between Afghan Taliban and other political forces in Afghanistan, the relationship between development and stability, and the relationship between Afghanistan and the outside world are the top priorities.


Previous:China Strategic Review - 11-12/2021
Next:China Strategic Review - 3-4/2022