China's Global Equity Oil Investments: Economic and Geopolitical Influences

In this article, we construct and analyze an original database of overseas Chinese equity oil investments (EOI) in order to assess the relative importance of economic and geopolitical factors in determining the type of countries that are most likely to receive those investments. We find that China's national oil companies (NOCs) choose to make considerable investments in certain oil rich countries while ignoring others. We develop and examine ‘economic opportunity’ and ‘geopolitical relevance’ explanations of Chinese EOI. The economic explanation assumes that Chinese oil companies operate autonomously despite the fact that they are state owned, and that they seek international experience in countries offering less competition but more risk. The geopolitical explanation suggests that Chinese equity oil investments are developed and coordinated by the central government as part of a geopolitical strategy that is designed to bypass the so-called ‘Malacca Dilemma’ and deepen security ties with oil-rich states through the conduct of oil diplomacy. We argue that Chinese EOI tends to reflect both corporate interests and government priorities, and that it generates more liabilities rather than benefits for China.     

Certainty of Uncertainty: Nuclear Strategy with Chinese Characteristics

China's nuclear deterrent relies on so-called ‘first strike uncertainty’, which means not letting the other side be confident of a completely successful disarming strike. But in order to deter, the uncertainty must be high enough. After reviewing the developmental history of China's nuclear capability and the evolution of Chinese and foreign leaders’ perceptions of China's nuclear retaliatory capability, this article identifies the criteria of nuclear deterrence for China and other countries. This research can contribute to Sino-US strategic dialogue and deepening understanding of the security consequences of nuclear proliferation.     

Israeli foreign policy and the arms race in the Middle East 1950–1960

Previous accounts of the arms race in the Middle East during the 1950s have focused on the imbalance that resulted from the ‘Czech deal’ of September 1955. While that transfer of weaponry by the Soviet Union to Egypt constituted both a historical turning point and sharp acceleration of the arms race, it was only one of several changes in the regional strategic balance of that decade. This article makes extensive use of archival material in order to identify five phases of the arms race of the 1950s and analyze the manner in which Israeli policy‐makers dealt with the exigencies of procurement during each phase. Except for a brief period following the arms deals with France in 1956 that marked the beginning of the fifth phase examined below, the Israelis never abandoned the attempt to obtain arms from the United States. Israel's success in maintaining a high degree of independence in foreign policy throughout this period was the result of arms purchases from Britain and France that marked each phase of the arms race examined here. Yet, the Israelis considered arms from both of these Western powers to be temporary substitutes for the arms relationship with the USA that came about during the 1960s.     

China's Naval Ambitions in the Indian Ocean

This article argues that an increasingly sea-power-minded China will neither shelter passively in coastal waters, nor throw itself into competition with the United States in the Pacific Ocean. Rather, Beijing will direct its energies toward South and Southeast Asia, where supplies of oil, natural gas, and other commodities critical to China's economic development must pass. There China will encounter an equally sea-power-minded India that enjoys marked geostrategic advantages. Beijing will likely content itself with ‘soft power’ diplomacy in these regions until it can settle the dispute with Taiwan, freeing up resources for maritime endeavors farther from China's coasts.     

翻译工作坊在翻译教学中的实践

翻译工作坊教学模式是翻译教学发展到一定阶段的产物。随着社会的不断进步,社会职场中对翻译人才的要求,促使翻译教学模式的改变。传统的翻译教学受结构主义的影响,只注重培养学生的认知层面,而忽略了翻译的社会层面和情感层面。翻译工作坊的教学模式是顺应了当今市场经济的需求,不仅可用来提高学生的专业技能,又可提升学生的人际交往能力和社会合作能力等。虽然翻译工作坊教学模式还处在探索阶段,可能会产生一定的问题,但是在理论支撑下的翻译工作坊教学模式是值得研究并推广的。     

AGENDA FOR DEFENSE AND PEACE ECONOMICS

This brief introduction celebrates the 20th Anniversary of the Journal, Defence and Peace Economics. Suggesting elements of an agenda for the future of this branch of economics, I raise several topics that are new and that seem to indicate that the field will expand and shift focus substantially in future years.     

Don't stop with Joint Forces Command … cut AFRICOM too

Abstract

The United States Africa Command (AFRICOM) has been a military success but a strategic messaging failure. The United States’ relationships across Africa cannot be boiled down to military affairs. This paper argues that Africa has many more opportunities than challenges and thus requires a more balanced foreign policy solution from Washington DC than a new military command. For the military engagement that does need to take place, a more low-profile approach would benefit the United States in Africa.     

THE SECURITY IMPLICATIONS OF CHINA'S NUCLEAR ENERGY EXPANSION

Nuclear energy is an integral part of China's energy strategy and will increasingly contribute to China's total energy supply. China has more than twenty civilian facilities, including power reactors, mines, and enrichment plants, to support its nuclear power program. As China operates more nuclear plants, more nuclear materials will be produced and stockpiled, and more nuclear facilities will be spread around the country. To ensure that this expanded network of nuclear facilities does not increase the risk that nuclear materials will be diverted or become the target of attack, China will need to develop more reliable domestic nuclear security strategies. China is also poised to become a major exporter of nuclear energy technology. China has committed to keeping nuclear technologies out of the hands of dangerous states and/or sub-state organizations, but in order to fulfill its nonproliferation obligations as well as its treaty-based commitment to share nuclear technologies, China will need to strengthen nuclear export controls and practices. This report examines and evaluates security measures at Chinese civilian nuclear power plants and suggests ways to improve them. It also reviews current export control policies and systems, identifies likely challenges to the expanding nuclear sector, and proposes possible solutions.     

Increased Chinese and American defence involvement in Africa

There is often a perception put forth of a fight for supremacy between China and the USA. This is often the case when discussing the continent of Africa. Both countries have recently increased their involvement in Africa for a variety of reasons. In 2011, China surpassed the USA as Africa's largest trading partner, with Africa predicted to be Beijing's largest trading partner by 2017. As expected, their bilateral and multilateral defence cooperation with strategic countries and organisations has matured and expanded along with it. Washington's own economic interests, al-Qa'ida and threats to maritime security are some of the crucial elements behind the US's presence on the continent. This article analyses both the USA and China's rising defence involvement in Africa. It compares and contrasts their similarities and differences, and argues that cooperation in certain areas can prove beneficial for all parties involved.     

UNDERSTANDING CHINA'S ANTISATELLITE TEST

In discussing China's January 2007 hit-to-kill intercept of the Chinese weather satellite FengYun-1C, most American analysts sought the “message” for the United States—either by asserting that China's test was a deliberate step toward a comprehensive counterspace capability to offset U.S. conventional military superiority or an attempt to force the United States to the negotiating table on “the prevention of an arms race in outer space.” Chinese officials, after a long silence, eventually claimed the test was an “experiment” that was “not targeted at any country.” We traveled to China several times in 2007 and had a series of conversations with Chinese individuals knowledgeable about the history of this particular antisatellite program and with access to information about the decision-making process prior to and after the final test. These discussions were off the record, not for attribution, given the sensitivity of the subject. They reflected the views of some of the key institutions involved in the test from the State, the Communist Party, the People's Liberation Army, and aerospace experts involved in debris calculations. The information conveyed to us suggests that American commentators tend to place much greater importance on the United States as a driver in China's decision to develop the technology and conduct the test than do the Chinese.