Part 2 – Design of Digital Yuan – A Balance between State Control and Consumer Needs
By — Omkar Bhole;
As China will be the first major country to launch the CBDC, the design of Digital Yuan implemented by China can be a guide for many countries that are still behind China in terms of CBDC development. Hence, it is important to analyse the rationale behind China’s designing of Digital Yuan in a specific manner which will not only affect China’s domestic economic structure but also influence global economy as China aims to promote internationalisation of its currency through its digital currency in the future.
Last Train Home (归途列车) documents the arduous journey of migrant workers in China struggling to reunite with their children for the New Year holidays (过年). Directed by Lixin Fan and set in the mid-2000s in Guangdong and Sichuan, the documentary captures the emotional and physical turbulence of the largest human migration in the world. It follows the journey of Zhang parents, Changhua and Suqin, who fight to secure seats on a train to their village in Sichuan where their son and daughter, Yang and Qin, live with their grandmother.
China’s Nuclear Build-up: Implications for India
By — Dr Manpreet Sethi;
China’s nuclear build-up is much in news. The November 2022 annual report on Military and Security Developments related to the People’s Republic of China, released by the US Defence Department has raised its own estimates from last year on the likely increase in China’s nuclear warheads.
The Blood of Yingzhou District, a short film documentary directed by Ruby Yang, follows the lives of children orphaned by the AIDS epidemic which spread despair across rural China. The 2006 Academy Award-winning documentary set in the Yingzhou district of Funyang, Anhui, China, takes us through the struggles, prejudices as well as stigma faced by orphaned children, some of whom have also contracted the infection themselves.
India and the Global Divide in Sanctions against Russian Oil
By — Ratish Mehta;
The price cap mechanism on Russia’s seaborne crude oil exports that took effect on December 5th 2022 has more or less brought to light the divide in the global north and south’s energy interests. On the one hand, western enforcers of the price cap comprising of the G7 countries and Australia have sought to limit Russian profits of war through a set of sanctions while on the other, countries from the global south see the embargo as detrimental to their vital energy security.
A Retrospective Analysis of Mao Zedong Thought and its Modern Day Relevance
By – Sachin Singh;
As the Chinese Communist Party (CCP) celebrates its centenary, it seems appropriate, in fact essential, to have a relook at its journey from a twenty first century perspective. An analysis of the unparalleled position held by Mao Zedong and his thoughts is central to this endeavour.
Part 1 – Digital Payments System in China – A Catalyst for Development of Digital Yuan
By — Omkar Bhole;
This is the first in a new series on Digital Yuan.
In the past one decade, China has been rapidly transforming into a cashless economy Owing to China’s growing domestic consumption, digital payment systems like mobile payments and card transactions have made payment settlements more convenient for Chinese citizens. Moreover, the COVID-19 pandemic extensively stimulated digital payments, driven by social distancing policies adopted by governments across the world over the last two years.
Prepared by — Rahul Karan Reddy
How well do you know China’s provinces? The China’s Provinces dashboard is a resource for exploring differences in economic and social development across provinces in China. The resource visualises 76 statistical indicators of development, grouped into six categories: demographics, economic growth, income/consumption, trade, healthcare and environment. The indicators presented in this resource can be viewed for each province and sub-region of China. The data presented is for the year 2021 and was collected from the 2021 Statistical Yearbook published by the National Bureau of Statistics (NBS).
* Best suited for desktop viewing.
* Clear the filters by selecting the funnel icon on the right top corner of the filter to refresh the contents of the dashboard.
The main tab at the top of the dashboard (Demographics, Regional Economy, Income & Consumption, Trade, Municipal and Environment) permit users to navigate across categories.
The Region filter below the main tab permits users to view indicators for sub-regions across China (Central, East, North, North-East, South and West). Selecting a sub-region will prompt the dashboard to show data for provinces in that sub-region.
The Province filter on the right hand side of the dashboard can be selected to view indicators for individual provinces. Selecting a province will prompt the dashboard to show data relevant only to the selected province.
* Remember to clear the filters (funnel icon on the right top corner of the filters) to refresh the dashboard after using a particular filter.
* When no filters are selected, the dashboard shows the national average of indicators.
India’s Global Role during its G20 Presidency
By — Ratish Mehta;
The 2022 Grouping of 20 (G20) Summit took place against the backdrop of turbulent global challenges. At the meeting in Bali, Indonesia, the members collectively concluded to confront the global challenges posed to energy and food security, amongst other measures. The Russian-Ukraine war also saw greater emphasis by member nations and found its way into the joint statement made by leaders at the end of the summit.
Xi’s Loyalists: A Breakdown of China’s New Leadership
By Rahul Karan Reddy and Omkar Bhole;
The Communist Party of China (CPC) unveiled its new Politburo Standing Committee (PSC) and Politburo (PB) on October 23rd, ushering in a highly anticipated and consequential leadership transition at the highest levels. Although it came as no surprise that Xi Jinping was reappointed as the General Secretary of the CPC, new appointments to the PSC and PB have confirmed his dominance in China’s elite politics.
Women in Chinese Politics after the 20th Party Congress
By — Ahana Roy;
Breaking away from custom of over two decades, the 20th Congress of the Communist Party of China (CPC) saw no Chinese women promoted to the Politburo. It was widely expected that Vice Premier Sun Chunlan would be replaced by a woman candidate; instead, only men have been promoted to top leadership positions.
China’s ‘New Era’ through the lens of 20th Party Congress Work Report
By — Rahul Karan Reddy and Omkar Bhole;
Xi Jinping’s opening speech at the 20th Party Congress highlighted key achievements and challenges during the tenure of the 19th Party Congress. In combination with the detailed work report, Xi also revealed key drivers of China’s behaviour for the next few years. His speech at the 20th Party Congress has struck a different tone from the one he delivered at the 19th Party Congress.