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AsiaCentre

Founded in 2005, Asia Centre is an independent research institute that holds debates and issues publications on matters relating to international, strategic, economic relations, as well as the political and social transformations underway in the Asia-Pacific region. At the crossroads of university research as well as public and private decision-making, Asia Centre researchers identify critical regional issues and analyse them in-depth, taking into consideration both local and global dimensions. Asia Centre’s programs are developed with a vast network of partners, companies and major specialist centres in Europe, North America and Asia. The Centre carries out joint operations with these groups, for a better interpretation of ideas and issues. The conclusions of these meetings, such as the results of the work carried out using original sources by our researchers, are widely distributed through the Centre’s publications as well as through international journals, books and media.

Other analyses

Taiwan cooking oil scandal: Why Isn’t Beijing Adding Fuel to the Fire? • Isabelle Feng

31 July 2026 No Comments

In this new piece, Isabelle Feng looks back at the tainted cooking oil scandal that has affected Taiwan for several weeks, and at Beijing’s measured response to the affair. She examines the protests held in Taipei on 25 July, the coverage of the event by Chinese state media, and reactions observed on Chinese social media. She puts this episode in perspective alongside the history of food safety scandals in mainland China and the question of freedom to protest on both sides of the Taiwan Strait.

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CA 29 – Redbacks for Greenbacks: the Internationalisation of the Renminbi – Nov 2010

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The interactions between the Chinese economy and the rest of the world are now huge, but expectations – and hopes – that Beijing would internationalise its currency as its economy converged with others have been frustrated. Why? In that latest edition of China Analysis published by ECFR and Asia Centre, we look at the debate between Chinese economics experts, including the following trends. China’s monetary and financial policies are underpinned by geopolitical calculations. China has built a tradition of using money and financial institutions as a tool rather than an end in itself, after a century and a half of being on the losing side of currency conflicts. Every year that Beijing keeps capital controls it buys time for China’s hypergrowth, outcompeting other emerging economies and leaving the West to grapple with the difficulties of its open economies. Chinese economists and geopoliticians hint at the possible disappearance of European economic power, with relish and without apparent regret.

 

Summary

– REDBACKS FOR GREENBACKS: THE INTERNALISATION OF THE RENMINBI –

The renminbi: “Our currency, your problem” (François Godement)

Internationalisation without convertibility (Thomas Vendryes)

China must avoid the fate of Japan (Mathieu Duchâtel)

Europessimism in the Chinese press (François Godement)

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