China can easily help Russia and its oligarchs circumvent U.S. sanctions. But should it?
At the Communist Party’s 19th Congress in 2017, Xi Jinping told the assembled cadres that China was ready to “enter the center stage of global affairs.” With the U.S. and its Western allies now imposing harsh economic sanctions on Russia over its invasion of Ukraine, China’s time may have come.
As generations of Chinese leaders had envisioned, China’s economic prowess now provides it with the capacity to backstop any major country that faces financial sanctions put in place by
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Chinese companies have decided that the best place to make money right now is outside of China. The phenomenon known as chu hai (出海), which translates to “go global,” has taken hold, marking a kind of second 'go out' initiative. This time, however, Chinese companies are being met with scrutiny and suspicion.
The former Commerce Secretary and ambassador to China talks about how his background shaped his approach to dealing with Beijing, the pivot to Asia and negotiating Chen Guangcheng's release.
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