Plus, what’s at stake in Madagascar’s elections and a new podcast about the international effects of Fed interest rate hikes.
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Brookings Brief

November 15, 2023

Chinese President Xi Jinping walks past members of the Chinese Peoples Liberation Army as he arrives for a ceremony in Beijing.
Don’t expect Xi to restore the US-China military hotline this week

 

Ahead of President Biden’s meeting today with Chinese President Xi Jinping, his administration has pushed to restore direct military-to-military communications, a system that China has declined to use in recent years and has been a source of frustration for U.S. officials. Biden should expect “no” to be the answer, Michael E. O’Hanlon says. 

 

In a new commentary, he examines the possible reasons for China’s military activities in the Western Pacific and offers guidance on how the United States can handle the current tensions. 

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Listen to the Brookings Podcast on Economic Activity

BPEA podcast cover

Historically, the U.S. Federal Reserve’s interest rate hikes have triggered financial crises in emerging markets and developing economies. But so far, this hasn’t happened with the Fed’s recent hikes. Şebnem Kalemli-Özcan and Filiz Unsal explain how other countries may have improved their resilience to U.S. financial trends.

 

🎧 Listen to the episode

 

What’s at stake in Madagascar’s elections?

 

With Madagascar’s presidential elections approaching on November 16, the country is on edge. 10 opposition parties claim that incumbent President Andry Rajoelina is not qualified to run for a second term and that the electoral process cannot be trusted. To deter protests, a massive police and military presence has been deployed in the capital city of Antananarivo. Danielle Resnick offers insights on the situation and what might come next.

 
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