Liberalizing deposit interest rates without first addressing other distortions within the financial system will exacerbate distortions and introduce new and unnecessary risks to China’s economy.
Dependence on cheap coal has resulted in high social and environmental costs for China which are only going to increase without the creation of policy framework for integrating less polluting technologies.
As a rising power, China has a central role to play in resolving critical global challenges.
Max Baucus follows in an important Montana tradition of East Asian policy and diplomacy.
High levels of smog persist throughout China due to weak enforcement of current environmental regulations. Environmental protection agencies are understaffed and do not have the power to oppose government officials that prioritize GDP growth over environmental protection.
Strong trade and investment ties between Japan and China are key to the strategic interests of both countries.
The almost ten-day period of heavy smog in Beijing in February completely erased locals’ illusion that the air pollution had already seen significant progress.
China has shifted its foreign policy strategy to give greater priority to its relations with neighboring countries.
For large powers, balance is the key principle for maintaining relationships. Once a balance is established, a stable relationship between large powers can be established.
To solve the problem of air pollution in the long term, China must invest in electric vehicles and renewable energy sources.
As continued air pollution forces the closure of factories in northern China, numerous questions remain about the effectiveness of these regulations.
Stricter enforcement of higher emissions standards and investment in renewable energy sources are necessary to solve the long-term problem of air pollution in China’s capital.
The plummeting valuation of China’s banks suggests that investors are losing confidence in China’s growth prospects.
The idea of promoting trans-frontier economic cooperation as a complement to the maintenance of peace and tranquillity on the border has begun to gain some traction in both Delhi and Beijing during the last few years.
A U.S. withdrawal from the Trans-Pacific Partnership would not only sink the ambitious free trade agreement, it could sink America’s reputation in the Asia-Pacific.
Much of China’s explosive debt growth has been driven by the development of a private land market over the past decade, making the surge in debt a sign of financial deepening rather than instability.
As the world prepares to mark the anniversaries of the First and Second World War, the two great wars have acquired a peculiar political resonance in East Asia.
The Korean Peninsula is an increasingly dangerous, unstable place, and more provocations from Pyongyang are likely. It is time for responsible officials to show initiative.
Senator Max Baucus’s experience in the U.S. Congress could help him have a lasting impact on U.S.-China relations.
Although China and the United States are strategic competitors, there are common interests, complementary interests and, of course, conflicting interests between them.