Executive Summary: The People’s Republic of China (PRC) continues to use Hong Kong to test policies and build support for the internationalization of its currency, the renminbi (RMB). The city is now the world’s largest offshore RMB clearing center. The Cross-border Interbank Payment System (CIPS)... MORE

Executive Summary: Xi Jinping faces mounting challenges to his legitimacy from multiple directions, with economic troubles, mass killings, and corruption in the military eroding his grip on power. A spate of unrelated violent incidents and rising social protests across the People’s Republic of China (PRC)... MORE

Executive Summary: Russia has more icebreakers than any other country but far fewer than it needs to ensure passage in the Eastern portions of the Northern Sea Route critical to its trade with China as well as to ensure that the Russian navy can continue... MORE

(Part One) Executive Summary: Russia and China are conducting joint military exercises in the Far East and Arctic as China’s involvement in the region grows and the North Atlantic Treaty Organization expands into the Arctic. Moscow is increasingly aligning with Beijing to bolster its position... MORE

Executive Summary: Centralizing reforms to the Ministry of State Security probably constitute the most important development in China’s civilian intelligence system since its establishment in 1983. These reforms instituted “vertical leadership,” under which the MSS is empowered to control local bureaus’ personnel affairs, budgets, and... MORE

Executive Summary: The Tibet-Aid Program (TAP), a principal driver of development in Tibet, has ramped up significantly under Xi Jinping’s rule. The TAP has, throughout its 30-year history, sought to use material development to placate local tensions that have periodically arisen from the Party’s governance... MORE

Executive Summary: In September, China and Russia held a joint Arctic naval exercise, North-Joint 2024, reflecting their deepening security relationship centered on countering Western influence and reinforcing each other in strategic regions. The exercise underscores Russia and China’s shared strategic and economic interests in securing... MORE

Executive Summary: As Western sanctions increasingly isolate Russia, it has become highly dependent on China for trade and economic support, particularly in energy exports sold at discounted prices. China has capitalized on Russia’s isolation by expanding its investments and economic influence within Russia, with Chinese... MORE

Executive Summary: The first national-level long-term plan for space science development from the People’s Republic of China (PRC) sets the goal of becoming a global leader by 2050, by which point it aims to lead in revolutionary scientific breakthroughs, deep space missions, and by becoming... MORE

Executive Summary: Weapons manufactured in the People’s Republic of China (PRC) are increasingly falling into the hands of militant groups across Africa, with key contributors being state-owned defense contractors like Norinco. However, it is unclear how the weapons reach these groups. Militant groups such as... MORE