Connect with us
Wise usd campaign
ADVERTISEMENT

China

China and Poland Forge Strong Economic Ties through Trade and Investment

Published

on

Poland and China have had a constructive relationship since 1949, focusing on enhancing bilateral cooperation in trade, agriculture, and infrastructure under the Belt and Road Initiative. Despite recent challenges and shifts in relations, high-level political interactions between the two nations have remained consistent.


Poland and China have maintained a constructive relationship since 1949, with significant economic and diplomatic engagements. Recent high-level meetings, including Duda’s 2024 visit to Beijing, have focused on enhancing bilateral cooperation, particularly in trade, agriculture, and infrastructure under the Belt and Road Initiative, amidst

China and Poland have cultivated a constructive relationship since establishing formal diplomatic ties, marked by significant economic and diplomatic engagement. Poland’s participation in China’s 16+1 format, the Asian Infrastructure Investment Bank (AIIB), and the Belt and Road Initiative (BRI) underscores its commitment to enhancing bilateral ties, aiming to boost economic growth and secure alternative funding outside the EU.

However, in recent years, this relationship has undergone notable changes. The anticipated economic benefits did not fully materialize, prompting a reassessment in Warsaw, especially amidst increasing geopolitical tensions, including the Russia-Ukraine conflict. Despite these challenges, high-level political interactions between both nations have remained consistent, indicating ongoing, albeit cautious, dialogue.

This article provides insights into bilateral trade and investment between China and Poland, alongside an overview of the tax and investment treaties that underpin their economic relationship.

Diplomatic ties between the Republic of Poland and the People’s Republic of China were established in 1949. Since then, the relationship between Poland and China has evolved into a multifaceted and evolving partnership. In June 2016, under the leadership of Chinese President Xi Jinping and Polish President Andrzej Duda, China and Poland elevated their relationship to a strategic partnership.

Since the beginning of the Trump administration’s trade disputes with China in 2017, however, Poland, as Europe’s largest participant in China’s BRI, has experienced significant shifts in its relations with Beijing. This period coincided with heightened Sino-US rivalry, exacerbated by the global pandemic, which has influenced Polish perceptions of China.

A pivotal event impacting Sino-Polish relations has been Russia’s invasion of Ukraine. China’s perceived neutrality and alignment with Russia in this conflict have strained ties with Poland, as its seen by many in Poland as favoring Russia.

This article is republished from China Briefing. Read the rest of the original article.

China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at china@dezshira.com.

China

China says AUKUS is ‘driven by Cold War thinking’. Here are 3 reasons it is so threatened by the pact

Published

on

China opposes AUKUS, viewing it as a Cold War relic that threatens its nuclear strategy. The pact complicates China’s geopolitical landscape and could shift regional military balance, posing significant challenges.

Ever since AUKUS’ public announcement three years ago, China has been staunchly opposed to the partnership.

Beijing has blasted AUKUS diplomatically and mounted a concerted campaign to challenge its legality.

China has said AUKUS is “driven by Cold War thinking,” “fuelling military confrontation,” and creating “additional nuclear proliferation risks”.

The aim of AUKUS is for the Australian navy to acquire nuclear-powered submarines, with Australia, the United Kingdom and the United States also collaborating on other advanced military technologies.

As AUKUS sceptics have argued, it’s entirely possible Australia will never get its planned nuclear-powered attack submarines. Any number of factors — from the mercurial whims of a future US president to American shipbuilding constraints — could see the partnership fall over.

However, if the plan succeeds, even in a modified form, it’ll pose a serious military challenge to China. As Kevin Rudd, the former Australian prime minister and current ambassador to the US, said in recent days, it’s probably already complicating China’s future geopolitical calculations.

When Chinese military analysts look at the geopolitical picture, they see it more clouded and cluttered than they did before.

Here are three reasons why China finds the pact so threatening.

1. Complicating China’s nuclear strategy

AUKUS submarines will not be armed with nuclear warheads. But these boats could be used to endanger China’s sea-based nuclear weapons.

China currently operates six submarines that are both nuclear-powered and capable of launching nuclear weapons. These are based on Hainan Island, where they enjoy the protection of hardened bases. They can quickly reach the deep waters of the South China Sea to reduce the likelihood of detection.

Monitoring China’s nuclear weapons-capable submarines as they leave Hainan Island is likely to be among the most important of the many missions for the AUKUS boats.

The increased speed, stealth and endurance of AUKUS submarines mean they’d be able to reach the South China Sea quicker. Once there, they can stay “on station” undetected for much longer.

This peacetime monitoring of China’s nuclear weapons-capable submarines would help build a better understanding of their hydro-acoustic signatures and thereby make these Chinese boats more vulnerable to detection.

Combined with the intelligence gathered by Australia’s regular South China Sea maritime air patrols, AUKUS submarines could eventually enhance the ability of the Australian and allied militaries to track and, in conflict scenarios, attack China’s sea-borne nuclear deterrent.

A Chinese nuclear submarine participates in a naval parade to commemorate the 70th anniversary of the founding of China’s PLA Navy in 2019.
Mark Schiefelbein/AP Pool

2. A direct military threat to China

Foreign Minister Penny Wong has said in connection to AUKUS that Australia needs to be able to “hold potential adversaries’ forces and infrastructure at risk from a greater distance”.

She might not have mentioned China in the same breath. But like many Australians, military planners in Beijing would imagine China is the most probable target.

Likely armed with Tomahawk cruise missiles capable of striking land, AUKUS submarines could be used to target Chinese military bases and infrastructure in the South China Sea and along the country’s east coast.

A frame grab from a video provided by the Philippine Coast Guard shows structures on the Chinese-occupied Subi reef in the disputed waters of the South China Sea.
Philippine Coast Guard/AP

AUKUS submarines could also constrict China’s access to the economic inputs essential for warfighting. China remains acutely dependent on Indian Ocean and East Asian shipping lanes for imports of oil and other resources. The ability of AUKUS submarines to travel vast distances without surfacing or refuelling could allow them to threaten China’s vital maritime supply routes in conflict scenarios.

Beijing might even imagine that AUKUS submarines could be used to directly attack Chinese cities in an all-out war. This might seem far-fetched for now, but with military planning often dealing with worst-case scenarios, Chinese defence strategists are probably considering this possibility.

3. Further tipping the regional military balance

Australia is expected to buy at least three – and possibly as many as five – Virginia-class submarines from the United States in the next decade and a half.

These boats might have otherwise gone into the US fleet, meaning that until 2040 and perhaps even beyond, the size of the American nuclear-powered submarine force could be smaller than it would have been without AUKUS. And there is still much uncertainty surrounding the political and industrial feasibility of both the planned sale of Virginia-class submarines and the construction of a new AUKUS class of boat.

But assuming it’s successful, AUKUS will substantially increase the total number of nuclear-powered submarines operated by the US and its allies from around the 2040s onwards, potentially giving them a long-term undersea military advantage over China.

In the near term, AUKUS could also enable the deployment of additional high-end US and allied military platforms to the region.

Of course, this isn’t just an AUKUS story. Australia will welcome more US bombers and fighter aircraft in the coming years, and we’ll likely see larger US forces in Japan and the Philippines, among other locations.

Still, the establishment of Submarine Rotational Force – West under the AUKUS plan will see a big boost to US and allied military power in the region. It’s expected to involve the rotational presence of one UK and up to four US nuclear-powered submarines in Western Australia from 2027.

This might mean a weakening of China’s relative submarine strength in the region regardless of what happens with the eventual delivery and construction of nuclear-powered submarines for Australia.

This is not a complete account of all the reasons China might have for opposing AUKUS. But these three factors alone suggest the partnership has the potential to pose a significant and long-term military challenge to Beijing.

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Continue Reading

China

Bilateral Trade and Investment Overview: China and Kazakhstan

Published

on

In 2022, China and Kazakhstan began a “Golden Thirty Years” partnership. Bilateral trade surged, reaching $31.174 billion. By 2023, trade hit $41.02 billion, with Kazakhstan’s mineral exports stable. Chinese investments in Kazakhstan grew to $1.81 billion, focusing on renewable energy projects.


In 2022, the two nations officially embarked on the “Golden Thirty Years” of bilateral relations. China has become one of Kazakhstan’s largest trading partners, with bilateral trade accounting for around one-third of Kazakhstan’s total trade volume. In recent years, Kazakhstan has begun to import a greater number of machinery, vehicles, and apparel from China, while minerals and ores continue to be the most significant exports from Kazakhstan to China.

Chinese investment in Kazakhstan has seen significant growth in recent years, reaching US$1.81 billion in 2023—an increase of 16.4 percent from 2022. Joint development projects in renewable energy, such as natural gas pipelines, solar, and wind power, have also been expanding.

According to Chinese customs statistics, in 2022, the bilateral trade volume between China and Kazakhstan reached a record US$31.174 billion, an increase of 23.6 percent compared to the previous year. Of this, China’s exports to Kazakhstan amounted to US$16.355 billion, a year-on-year increase of 17.4 percent, while imports from Kazakhstan totaled US$14.819 billion, a year-on-year increase of 31.24 percent. China’s trade surplus with Kazakhstan was US$1.536 billion, a decrease of 41.81 percent year-on-year. In 2023, the bilateral trade volume reached US$41.02 billion, a year-on-year increase of 32.2 percent. The trend continued in the first half of 2024, with trade turnover growing by nearly 20 percent.

In 2023, Kazakhstan exported a total of US$16.8 billion to China, with minerals and ore products being the main exported goods, which have been relatively stable in recent years. As the joint development projects between China and Kazakhstan continue to expand, it is reasonable to anticipate that the export sector’s raw material exports will also increase in the near future.

Top products that are imported by China from Kazakhstan in 2023:

Source: International Trade Center


This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in ChinaHong KongVietnamSingapore, and India . Readers may write to info@dezshira.com for more support.

Read the rest of the original article.

Continue Reading

China

Navigating Turbulent Waters: Trust Between China and the Philippines

Published

on

Despite a July 2024 deal ensuring Philippine resupply missions at Second Thomas Shoal, tensions with China persist, marked by confrontations and deep distrust, indicating potential for future conflict escalation.


Ongoing Tensions in the South China Sea

Despite a July 2024 agreement facilitating uninterrupted resupply missions to the contentious Second Thomas Shoal, tensions between China and the Philippines remain significantly high. Increased aerial and naval confrontations in August, compounded by longstanding mutual mistrust, hint at a precarious situation. Both nations are employing legal strategies alongside military maneuvers, while China’s recent maritime regulations and the Philippines’ military modernization efforts suggest a future marked by conflict.

Rising Provocations and Distrust

The situation deteriorated further in June 2024, when Manila accused Chinese forces of intercepting its boats and injuring a sailor. Although the July deal allowed for a resupply mission without incident, broader tensions persisted as China reportedly fired flares dangerously close to Philippine aircraft in August. The incidents at Second Thomas Shoal illustrate the deepening security crisis that has persisted since 2021, as China continues to challenge Philippine resupply efforts.

Potential for Escalation

While the recent agreement may offer temporary relief, it is unlikely to resolve the long-standing maritime disputes in the region comprehensively. The continuing misinterpretations of the deal and the profound distrust between the two nations suggest an ongoing trajectory of escalating tensions. As disputes over competing claims in the South China Sea intensify, the situation at Second Thomas Shoal serves as a volatile flashpoint for future conflicts.

Source : China–Philippines trust in troubled waters

Source link

Continue Reading