From building infrastructure, opening new markets, encouraging Chinese companies to go out, helping the Reminbi internationalise, to forcing China to reconsider its sacred ‘non-interference’ policy, the BRI is changing China and its near-neighbourhood. Nowhere is this more pronounced than in China’s immediate western neighbourhood of Pakistan and Kazakhstan where China’s impact is being felt most acutely. But what is this impact, and what is China’s intention with its currency in particular within this context. This RUSI roundtable will seek to answer some of these questions by focusing in particular on China’s financial might, and how this is being felt in Pakistan and Kazakhstan in particular.
Michael Howell founded CrossBorder Capital in 1996, where he developed the quantitative liquidity research methodology. Previously, Research Director at Salomon Bros. from 1986, he was subsequently appointed Head of Research at Baring Securities in 1992, and became top-ranked “Emerging Market Strategist” by institutional investors for the three years prior to setting up CrossBorder Capital. Michael has worked in financial markets since 1981 and is a regular international conference speaker. He has consulted for the World Bank, is a qualified US Supervisory Analyst and has a Masters in Economics. He most recently authored this piece for Capital Markets: https://capx.co/the-financial-silk-road/
Raffaello Pantucci is Director of International Security Studies at the Royal United Services Institute (RUSI). Prior to working at RUSI he was based at the Shanghai Academy of Social Sciences (SASS) where he focused, amongst other things, on China’s relations with Central Asia and travelled repeatedly around the region and Xinjiang. He is currently completing a writing project looking at Chinese interests in Central Asia. His journal articles have appeared in Survival, The National Interest, Studies in Conflict and Terrorism, Terrorism and Political Violence, and RUSI Journal amongst others, and his journalistic writing has appeared in the New York Times, Financial Times, Wall Street Journal, Sunday Times, CNN, Guardian, Foreign Policy, South China Morning Post, and more. He is the co-founder of China in Central Asia, a site focused on analysing China’s influence and impact in Eurasia.