East Asia Pulse

NUS EAI

In-depth analyses of political, economic and strategic trends in East Asia, brought to you by the East Asian Institute at the National University of Singapore.

Episodes

  1. Aug 6

    Unpacking the Complexities of China’s Local Governments: With Prof Jean Oi 

    China’s strong political leadership often drives the perception that its governance is monolithic and highly centralised. In this episode of East Asia Pulse, EAI’s Goh Keng Swee Professor in China Studies, Professor Jean Oi, speaks to EAI Director Prof Alfred Schipke, about the complexities of China’s local governments and the role they play in China’s economic landscape. While they have played an outsized role in China’s economic development by spurring innovation and experimentation, they have also in recent years been associated with debt and the misallocation of resources.     Among other things, Prof Oi weighs in on the need for fiscal reform to address the inconsistencies in local governments' responsibilities and revenue sources and examines the role of local government financing vehicles (LGFVs) in generating revenue.  Key Highlights:  00:00 Defining the central-local government relationship and key challenges faced in this dynamic  08:10 Challenges in balancing growth with the management of local government debt    15:10 How incentive structures for local governments lead to overcapacity and misallocation of resources  23:40 Local government financing vehicles (LGFVs) and their role in generating revenue through land sales and equity investments.  27:10 The need for fiscal reform to address inconsistencies in local governments' responsibilities and revenue sources East Asia Pulse is a podcast produced by the East Asian Institute at the National University of Singapore (NUS). It provides in-depth analyses of political, economic and strategic trends in East Asia. Mailing list: http://tiny.cc/eai-emailing LinkedIn page: https://www.linkedin.com/company/east-asian-institute/ YouTube channel: http://youtube.com/EastAsianInstituteNUS

  2. Mar 1

    Canada’s China Reset: Middle Powers in a Fractured World Order with Prof Paul Evans, University of British Columbia

    Canada has been in the headlines during US President Donald Trump’s second administration—not only because of Trump’s talk of Canada as a prospective “51st state”, but also due to Canadian Prime Minister Mark Carney’s effort to reset Canada–China ties and rally cooperation among middle powers as the rules-based international order erodes, including through his remarks at the World Economic Forum in Davos. In this episode of East Asia Pulse, Prof Paul Evans (Professor Emeritus, University of British Columbia and EAI Senior Fellow) speaks with Prof Frank Pieke (EAI Visiting Research Professor) about Carney’s vision for a new international trading system, Canada’s push to diversify trade beyond the US, and the legacy of China historian John King Fairbank—highlighting the continuing importance of empathy and scholarly rigour in interpreting China and US–China relations. Key Highlights: 00:00 Canada, China, and middle-power strategy in the Trump 2.0 era 01:58 Carney’s China reopening and Davos agenda amid a weakening global trading order 03:51 Canada’s domestic divide: Diversify beyond the US vs deepen integration with the US 06:04 Issue-based plurilateral partnerships: flexible, interest-driven groupings 10:03 Can China fit into a new trade/order framework? Carney’s “China must be part of the future” argument 16:42 John King Fairbank in McCarthy-era politics 28:02 Today’s lesson: Managing the “friend of China” label while keeping analytical doors open East Asia Pulse is a podcast produced by the East Asian Institute at the National University of Singapore (NUS). It provides in-depth analyses of political, economic and strategic trends in East Asia. Mailing list: http://tiny.cc/eai-emailing LinkedIn page: https://www.linkedin.com/company/east-asian-institute/ YouTube channel: http://youtube.com/EastAsianInstituteNUS

  3. Jan 1

    Can China and India Truly Be Friends? With Dr Pradeep Taneja, University of Melbourne

    After nearly five years of tension, China-India relations have thawed significantly in 2025, with increased interactions between the two sides over the past year.  Amid the backdrop of Trump’s tariffs, Chinese President Xi Jinping met with Indian Prime Minister Narendra Modi in Shanghai in August, where he highlighted the importance of closer ties between the two giants Looking ahead, what are the prospects for China and India’s ability to deepen their ties across realms like trade and technology, while managing longstanding border tensions? In this episode of East Asia Pulse, EAI Deputy Director Dr Chen Gang speaks with Dr Pradeep Taneja, Senior Lecturer in Asian Politics, Political Economy, and International Relations at the University of Melbourne. They explore the current state of India-China relations and how the evolution of economic reforms in both countries has shaped their growth models, strategic choices, and prospects for cooperation and competition. Key Highlights: 00:00 China-India relations in the last five years and the drivers shaping them 06:40 Similarities and differences in the reform paths of China and India 14:09 How a realistic economic relationship between China and India can be forged in areas of trade, investment and technology amid “de-risking” 19:54: What China and India can learn from each other to build strong domestic industries while reducing external reliance 22:38 Practical steps that can help to stabilise China-India ties East Asia Pulse is a podcast produced by the East Asian Institute at the National University of Singapore (NUS). It provides in-depth analyses of political, economic and strategic trends in East Asia. Mailing list: http://tiny.cc/eai-emailing LinkedIn page: https://www.linkedin.com/company/east-asian-institute/ YouTube channel: http://youtube.com/EastAsianInstituteNUS

  4. 12/01/2025

    India's Payments Revolution: What Comes Next? With Mr P Vasudevan, Executive Director, Reserve Bank of India

    India is racing ahead in modernising its payment systems, from the Unified Payments Interface (UPI)’s instant rails to the e‑rupee pilot. Can it set the benchmark for regional standards? What lies ahead for cross‑border digital currencies, cryptocurrencies, and stablecoins under evolving regulation and governance structures? EAI Director Prof Alfred Schipke speaks with Mr P. Vasudevan, Executive Director of the Reserve Bank of India, on the technology, governance, and policy choices shaping the next chapter of regional payments system development. Highlights: 00:00 The development of India’s payment systems, including Unified Payments Interface (UPI), India’s leading fast payment system 04:55 Progress of India’s pilot of its Central Bank Digital Currency (CBDC), the e-rupee 10:53 The potential of CBDCs for cross-border transactions, and the role played by governance structures in such transactions 15:08 Challenges faced in harmonizing standards and regulations for cross-border CBDCs 24:10 India’s stance on new financial instruments like cryptocurrencies and stablecoins East Asia Pulse is a podcast produced by the East Asian Institute at the National University of Singapore (NUS). It provides in-depth analyses of political, economic and strategic trends in East Asia. Mailing list: http://tiny.cc/eai-emailing LinkedIn page: https://www.linkedin.com/company/east-asian-institute/ YouTube channel: http://youtube.com/EastAsianInstituteNUS

  5. 05/11/2025

    Trump's First 100 Days and the Impact of the US-China Trade War: With Mr Steve Okun

    EAI Visiting Research Professor Frank Pieke speaks to Mr Steve Okun, Founder and CEO of Singapore-based consultancy APAC Advisors, in this episode of East Asia Pulse.     They discuss China’s response to the imposition of “reciprocal tariffs” by US President Donald Trump and the effectiveness of the use of tariffs as part of the US' strategy to contain China, following the 100-day mark of his second presidency on 29 April.    They also weigh in on the prospects for a trade deal between the US and China, as well as the impact of US-China trade policies on businesses in Southeast Asia.  Key Highlights:  00:00 China’s dominance in the global markets and the US' response  07:29 The effectiveness of trade tariffs as a tool for the US in dealing with a perceived “China threat”    11:48 Whether the US and China would be able to endure the fallout of the trade war  18:32 The impact of the tariffs on US global firms and the evolving role of China for US businesses  27:48 The response of Southeast Asia-based businesses and companies to the US-China trade conflict This podcast episode was recorded on 2 May, 2025. East Asia Pulse is a podcast produced by the East Asian Institute at the National University of Singapore (NUS). It provides in-depth analyses of political, economic and strategic trends in East Asia. Mailing list: http://tiny.cc/eai-emailing LinkedIn page: https://www.linkedin.com/company/east-asian-institute/ YouTube channel: http://youtube.com/EastAsianInstituteNUS

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In-depth analyses of political, economic and strategic trends in East Asia, brought to you by the East Asian Institute at the National University of Singapore.