There is a growing imperative for the United States and China to manage their inevitable disagreements and competition while deepening cooperation on common global challenges.
As the United States and China engage in a new type of great-power relations, the primary challenge is the reality that the two countries are still competitors.
Arguing that China’s deposit interest rate is too low leads to a misplaced emphasis on liberalizing interest rates: the real priorities are capital deepening and regulatory reform.
Since Chinese President Xi Jinping came into office, he has recognized that the success of his domestic agenda depends on the efficacy of China’s regional diplomacy to create a more welcoming environment.
The reforms proposed at the Third Plenum, if implemented, will remedy the imbalances that have made China’s economic growth unsustainable, but doing so will imply a shard drop in growth.
It will take time and hard work to dispel the mistrust which currently characterizes U.S.-China relations.
After decades of pacifism and strategic marginalisation, Japan is now shaking up the region’s geopolitics by responding vigorously to China’s rise.
As China seeks a more balanced diplomatic approach after decades of enhanced exchanges with Western powers, it should pay more attention to its Asian neighbors.
China’s radical economic reforms could bring new prosperity to hundreds of millions—if Xi Jinping can successfully navigate the bumps ahead.
The year ahead will be volatile for Asia. Can countries in the region continue to prosper and keep disputes in check while China vigorously reforms and North Korea provokes its neighbors?
China’s decision to supply Pakistan with further power reactors has raised concerns that Beijing is breaching nuclear trade rules.
A steep but orderly reduction in GDP growth is likely to be the best evidence that Beijing is forcefully implementing reforms, and that China is preparing itself over the decade to regain growth on a healthier long-term basis.
In countries with financial repression, like China, monetary policy has a muted impact on consumers and a dramatic impact on producers, leading to unsustainable patterns of investment and consumption.
China wants the benefits of a charm offensive with its neighbors, but it also wants to guard its far-flung territorial claims. It cannot do both.
Public and elite attitudes in the United States and especially China are exerting a growing influence on the bilateral security relationship.
Corrupt buyers and sellers in China have popularized the practice of haggling prices up rather than down. These shady transactions move the economy in the wrong direction and need to be uprooted.
While NATO’s withdrawal from Afghanistan could have dangerous implications for the region, some measure of instability might benefit Russia, which could use it as evidence of the importance of Russia’s military and political presence in the Central Asia.
Both China and its neighbors need to proceed with restraint by focusing on solving pragmatic problems rather than diverting attention to intense territorial disputes
To cope with new geopolitical imperatives, India must learn to deal with Asia on its own terms and stop imposing its ideological preferences on the region.
Beijing needs to clarify how it will treat surveillance aircraft and other potentially “threatening” military planes that are transiting the air defense zone but not heading toward Chinese airspace.