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Staff Paper
This Staff Report assesses the political realities that have limited Taiwan’s participation in global fisheries management, and the ways by which Taiwan has leveraged the size, geographic range, and technical capabilities of its fishing industry to take modest and pragmatic steps to expand its participation in bilateral, regional, and international fisheries-related agreements.
Issue Brief
This issue brief provides information and analysis of the precipitous collapse of China’s stock market, including the impacts of the fall, the measures employed by China’s government to stem the rout, and the history of volatility in the market before the fall.
Issue Brief
On May 20, 2015, a U.S. Navy P-8A Poseidon surveillance plane flew from Clark Air Base in the Philippines to three South China Sea reefs—Subi Reef, Mischief Reef, and Fiery Cross Reef—where China has been undertaking extensive land reclamation projects in an apparent attempt to bolster its territorial claims and establish a permanent military presence in its near seas. This is just one of several actions the U.S. government has recently taken to “name and shame” China for its increasingly assertive behavior in the South China Sea. It remains to be seen whether this strategy will prompt China to reconsider its current behavior.
Issue Brief
On May 26th, the Chinese government released its 10th defense white paper (DWP), entitled “China’s Military Strategy.” DWPs—China’s most authoritative statements on national security—are published by the State Council Information Office and approved by the Central Military Commission, Ministry of National Defense, and State Council. Beijing primarily uses these documents as a public relations tool to help ease deepening international concern over China’s military modernization and answer calls for greater transparency. The new DWP tracks closely with the 2012 DWP and contains no major revelations about China’s military strategy or modernization; however, it includes some new guidance and emphasizes or clarifies certain aspects of its existing strategy, providing insights into China’s perceptions of its own security and its evolving defense priorities.
Staff Paper
This paper analyzes China’s preferential trade strategy and rationale. It finds that China has signed trade agreements primarily with countries that are neither significant in the global economy nor vital to China’s export sector. Indeed, several partners enjoy bilateral trade surpluses with China, and have comparative advantages in industries that China may want to protect from outside competition. The way in which China negotiates trade deals is also confounding. Unlike the United States, China appears to lack a modus operandi, so that the scope, strength, and details of its agreements vary widely. Some appear exceedingly generous to the trade partner, while others aggressively promote and protect domestic industries. With respect to services, investment, and other advanced provisions, China tends to fall well short of U.S. standards; yet it also demonstrates greater ambition and flexibility than developing country peers like India and Brazil.