Rail links from Europe to China in development

A report from Dutch bank Rabobank has extolled the possibilities in boosting trade between Europe and China via overland rail link going through Central Asia. The rail networks connections would be collectively known as the Yu-Xin-Ou Railway, and the Radobank report notes that the demand for European fruit, vegetables, dairy, and meat would drive trade…

Iran, China to Increase Commercial, Political Ties

Iranian and Chinese diplomats recently convened in Beijing to discuss increased cooperation across a number of political and economic sectors in the coming years. With the removal of sanctions looming, Iranian Foreign Minister Javad Zarif noted that the country would like to play host to a growing number of Chinese firms and attract Chinese investment…

Ruble Falls as a Result of Yuan Devaluation

China’s recent 1.8% devaluation of the yuang triggered a 2.3% drop in the Russian ruble and lowered the global price of oil to below $50 a barrel. The devaluation has worsened the value of the slumping ruble, the results of which have been described in mixed terms by China-Russia analysts. While some allege that the immediate impact…

China unexpectedly devalues its currency

With rapidly falling exports and huge ambitions, the Chinese Central Bank devalued its currency, the yuan/renminbi which caused major repercussions in financial markets throughout the world. Most took it as a negative sign of flagging growth throughout the global economy and it pushed oil prices, metals, and other commodities down sharply. The People’s Bank of…

Indian PM visits China to strengthen ties

Indian Prime Minister Narendra Modi visited Beijing today, and said that it was time for them to rethink policies that thus far had stifled true cooperation between the two countries. The announcement came after the unveiling of some 24 diplomatic and economic agreements designed to promote communication between the two powers – but Modi also…

Russia, China and Their Relations with Central Asia: An Interview with Marlene Laruelle

In late March we had the chance to sit down with Marlene Laruelle, Director of the Central Asia Program at The George Washington University. Dr. Laruelle is also Research Professor of International Affairs at the Elliott School of International Relations, Associate Director of the Institute for European, Russian, and Eurasian Studies and the editor-in-chief of Central Asian Affairs. She has authored and…