China's increasingly assertive regional and global foreign and security policies continue to hit the headlines. While Beijing insists that it will continue to 'rise peacefully' in and beyond the region, Washington, Tokyo and others in East and Southeast Asia increasingly doubt that Beijing's 'peaceful' foreign policy rhetoric will be followed-up by equally peaceful foreign and security policies.
Back on the home-front, the country is obliged to deal with an increasingly fragile and potentially very unstable financial and banking system burdened by non-performing leans and massive public debt. While the jury is still out there whether or whether not China is on the brink of a massive financial crisis is still out there, the state's ability to re-finance state-owned banks and companies can surely not be taken for granted indefinitely.
Steve TSANG, Professor of Contemporary Chinese Studies and Director of the Chinese Policy Institute at the University of Nottingham assessed the foreign and security policies of a wanna-be 'great power' dealing with a financial and debt crisis back home. Axel BERKOFSKY, Research Fellow ISPI and Professor at Pavia University, chaired the meeting.