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Geopolitics

Professional illustration showing a world map with glowing digital currency symbols (Dollar, Euro, British Pound, Yuan) connected by luminous network lines. A data panel displays currency usage percentages: Dollar 45-50%, Euro 20-25%, British Pound 5-6%, Yuan 4-5%. The image features a blue-purple gradient background with blockchain network visualizations, representing the intersection of traditional and digital currencies in international trade

Digital currencies and the battle for global trade power

Traditional currency hierarchies face unprecedented disruption as central bank digital currencies emerge, fundamentally altering cross-border payment systems while established powers like the dollar maintain dominance through technological adaptation rather than resistance

Officials from China and Pacific Island nations seated around a blue U-shaped table with national flags displayed behind them at the Third China-Pacific Islands Foreign Ministers’ Meeting in Xiamen

China’s Pacific strategy beyond the diplomatic veil

Recent diplomatic exchanges between China and Pacific Island nations expose a sophisticated dual-track approach where Beijing’s official statements conceal more ambitious regional designs than their carefully crafted diplomatic language suggests

High-tech BYD automotive factory with robotic arms assembling car bodies in a modern, automated production line

Beijing on the Danube

Hungary’s unapologetic embrace of China defies Washington’s pressure, all while Viktor Orbán bets on economic alchemy to deliver political dividends by 2026—and maybe a second EV revolution