On December 11, Bloomberg News reported that swaps traders are more certain than ever that Venezuela will default on its debt as falling oil prices add pressure to already-strained government finances and drive the country’s bond prices to a 16-year low.
One year ago, China’s leaders announced a sweeping economic reform package aimed at rebalancing growth in the world’s second-largest economy. Estimates suggest  that, if implemented, these reforms could propel another doubling in the size of the Chinese economy over the next decade.
Australia and China finalized a bilateral free trade agreement (FTA) during President Xi Jinping’s November 17 visit to Canberra following the Group of 20 summit in Brisbane. The agreement is the fruition of nine years of negotiations.
Maintaining international security and pursuing American interests is more difficult now than perhaps at any time in history. The security environment that the United States faces is more complex, dynamic, and difficult to predict. At the same time, no domestic consensus exists on the purposes of American power and how best to pursue them. The Center for Strategic and International Studies (CSIS) will look ahead in this annual volume at the crises and opportunities that will likely arise in 2015, how best to deal with them, and what lasting effects they might leave for the next American administration and its allies around the world.
President Barack Obama will end his trip to Asia in mid-November at the Group of 20 (G20) Leaders’ Summit in Brisbane, Australia, after attending the Asia-Pacific Economic Cooperation leaders’ meeting in Beijing and the East Asia Summit in Myanmar.
The Winter Session of Parliament will commence on November 24, concluding on December 23. The earlier Budget Session was naturally dominated by the budget. The Winter Session will provide better insight into the Modi government’s legislative priorities and abilities.
The burning question in Washington about Myanmar’s transition is: are things regressing, stalled, or moving forward? The short answer is all of the above.
On October 19, the Election Commission of India released the results of two key state elections held on October 15. In line with most exit polls, the Bharatiya Janata Party (BJP) won a majority in Haryana and a plurality in Maharashtra. These election results put an end to speculation that the Modi government’s honeymoon period is over.
All overseas trips by U.S. presidents have significance, but next month’s tour of the Asia-Pacific region by President Barack Obama is more important than most. Coming just days after his final national elections, Obama’s visits to China, Myanmar, and Australia could do more than any other trip he has taken as president to shape his foreign policy legacy.
An address given by Lt. Gen. Wang Guanzhong, Deputy Chief of the PLA General Staff, to select guests and experts at the Center for Strategic and International Studies on October 17, 2014.