Sofia Pale

‘Yuan-ization’ of the World is Under Full Steam Now

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On October 1, 2016 China’s yuan has been officially accepted in the list of the IMF’s reserve currency with a share of 10.93%, taking third place after US dollar (41.73%) and euro (30.93%). This means that all central banks of…

Vladivostok to Become a Pivotal Hub of the Asia-Pacific Region

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In August, 2016 the Chinese city of Changchun hosted the 21st summit of international exchange and cooperation of Northeast Asian regional administration officials. The forum was attended by delegations from Russia, China…

Russian Business Interests in China

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Russian President, Vladimir Putin, was the key player at the G20 Summit that took place in September 2016 in China. This was due to not only political reasons: the Russian leader managed to garner extra…

Myanmar Makes a Choice

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In August 2016, the Minister of Foreign Affairs of Myanmar and the State Counsellor (the major position in the government – author’s note), Aung San Suu Kyi made an official visit to China. This was her first visit to the People’s…

Who Will Win in the Struggle for Chinese Tourists?

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Chinese tourists have visited every angle of the world. The Chinese tourist boom started began after 2008, when many countries of in the world either introduced either a visa-free regime for Chinese citizens, or simplified the visa…

Where Will First Chinese Overseas Military Bases Spring Up?

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As history shows, significant improvement of a country’s economic situation inevitably boosts its military ambitions. The world has been holding its breath for the last 30 years witnessing…

Myanmar and China on the Path to New Relations

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Six months ago, in November 2015, Myanmar held a landmark parliamentary election for the first time in a quarter of a century. The iconic leader of the opposition party, the National League for Democracy (NLD), and Nobel Peace Prize Winner…

Sri Lanka: Another Battlefield for India and China

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Recently, the continuation of the largest Chinese project on the island of Sri Lanka came to light. It concerns the construction of a huge housing estate, called City Port near Colombo, Sri Lanka’s main port. The new area will be equipped with…

Australia and China: Do Bitlateral Relations Get Even More Complicated?

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Australia and China have a long history of mutually beneficial cooperation. Over the past five years, bilateral trade volume has grown by about fifty percent, and that was…

Nepal Between the Devil and the Deep Blue Sea

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Nepal is a small country caught as if between two fires, between two Asian giants – China and India. As you know, India is a China’s main rival in Asia. Among other disputes, for many years now they have been competing for influence in Nepal. Both…

Is the Pacific Ocean big enough for both China and the US?

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In recent years, China has been expanding its presence in the Pacific Ocean, exerting its sphere of influence both over its closest neighbors — Japan, South Korea and Australia — and the global “Pacific superpower” – the United States. In light of…

“Silk Road” Project: Implementation is Around the Corner

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A Special Conference on Silk Road program titled “New Vision for the Silk Road: New Action for Common Development” with the participation of the Asian political parties was held on October 14-16, 2015 in Beijing. Over 400 members of various parties…


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