The global financial crisis which had been brewing for some time began to unfold in the middle of 2008. Stock markets around the world have nosedived, large financial institutions have collapsed or been bought out, and governments of even the wealthiest nations have had to come up with rescue packages to rescue their financial systems. The crisis stemmed from the collapse of the US sub-prime mortgage market and the reversal of the housing boom in other industrialised economies.

• Gunjan Singh
• December 04, 2008
• IDSA Comments

External Affairs Minister Pranab Mukherjee's recent outburst that China poses a security challenge indicates a dangerous ambiguity in India’s China policy. The fact that Mukherjee has aired such a view after his intense and long diplomatic rapport with the leadership of that country needs to be noted seriously. It is not that China has not been a puzzle to Indian strategic thinkers. Even former Defence Minister George Fernandes considered China as India’s number one enemy, but his views were transformed after he paid an official visit to Beijing.

• P. Stobdan
• November 18, 2008
• IDSA Comments

If current developments are any indicator, the long road to economic integration on either side of the Taiwan Straits has commenced. In a first of its kind, a sixty member delegation led by Chen Yunlin, Chairman of the Association for Relations Across the Taiwan Straits (ARATS) visited Taiwan from November 3-7, 2008 to hold talks with his counterpart Chiang Pin-kung, Chairman of the Straits Exchange Foundation (SEF). ARATS and SEF are two non-governmental organisations authorised by China and Taiwan in the early 1990s to examine the entire gamut of cross-Strait relations.

• Raviprasad Narayanan
• November 14, 2008
• IDSA Comments

The two recent glorious achievements - the Olympics and spacewalk mission – seem to have transcended China to a new global height with wide implications for the world’s strategic balance. From all accounts, analysts suggest that China will not only survive but has also gained from the recent global financial meltdown.

• P. Stobdan
• October 27, 2008
• IDSA Comments

Since 2005, the ‘centre of gravity’ of Asian piracy has clearly shifted westwards from Southeast Asia to the western Indian Ocean. The Somalia-based pirates are on the rampage, capturing vessels of all sizes ranging from yachts to super-tankers and their crew for ransom. This is hardly surprising, considering that the writ of Somalia’s Transitional Government (TFG) does not even run on the entire Somali land territory, and much less on its adjoining seas.

• Gurpreet S Khurana
• October 22, 2008
• IDSA Comments

On October 7, 2008, the PLA Daily reported that the Central Military Commission (CMC) and the four general departments of the Chinese military celebrated in great style the success of the Shenzhou-VII manned space flight mission. Shenzhou-VII, carrying three astronauts (Zhai Zhigang, Liu Boming, and Jing Haipeng) returned successfully on September 28 after conducting a historic spacewalk mission. This success made China the third country after the United States and Russia to conduct a space walk mission.

• Jagannath P. Panda
• October 16, 2008
• IDSA Comments

Will Taiwan ever participate in the United Nations? Pessimist views have started flowing after the rejection of Taiwan’s fresh bid for ‘meaningful participation in international agencies’ at the UN on September 18, 2008. This proposal was submitted by sixteen “diplomatic allies” of Taiwan to the UN Secretariat on August 14, 2008. Blocking Taiwan’s new attempt, a UN subcommittee decided that it would not let the 63rd UN General Assembly (UNGA) consider their request for permission to join ‘UN activities’.

• Jagannath P. Panda
• September 24, 2008
• IDSA Comments

Let the fact speak for itself. China was not happy about India gaining the waiver in the Nuclear Suppliers Group (NSG) and it played the role of a spoiler till such time it could. The Indian Government now feels betrayed. Perhaps India expected China’s reciprocity in exchange for its gracious support for the successful tour of the Olympic Torch. Indeed, it was naiveté that led India to believe Chinese rhetoric.

• Abanti Bhattacharya
• September 17, 2008
• IDSA Comments

Encouraging developments on either side of the Taiwan Straits have taken place recently, considerably reducing the ‘shrill atmospherics’ surrounding ‘independence’ and ‘invasion’ by several notches. The primary determinant driving these developments has undoubtedly been the Kuomintang’s (KMT) coming to power in the legislative elections held in March 2008.

• Raviprasad Narayanan
• June 23, 2008
• IDSA Comments

Where are India-China relations heading, given repeated Chinese claims in recent years to Indian territory and a noticeable hardening of its position beginning with Sun Yuxi’s statements on Arunachal Pradesh in 2006? The latest Chinese claim is on Sikkim’s finger tip region, which came up a few weeks before Indian External Affairs Minister Pranab Mukherjee’s four-day visit to China between 4 and 7 June 2008.

• Abanti Bhattacharya
• June 23, 2008
• IDSA Comments