While assessments of Chinese economic imbalances often rely on flawed statistics that understate consumption and overestimate investment, the country’s share of consumption to GDP will not rise significantly until Beijing increases welfare spending or divests itself of state assets.
The United States must generate more high-value jobs to capitalize on the opportunities presented by a rising China, which is likely to continue to make sustaining double-digit growth a key priority.
As China tries to rebalance its economy, a small but rising number of Chinese economists are beginning to predict sharply lower annual growth rates in the coming years.
China’s leadership should consider the recent Wenzhou train crash a warning of the need to reevaluate the safety risks of the country’s ambitious nuclear power construction targets.
Japan's Fukushima nuclear accident in early March 2011 is likely to have a primarily economic impact and is unlikely to result in a strengthened push for nuclear disarmament.
While the current U.S. economic tensions are likely to hurt Washington's democracy and human rights agenda as far as Beijing is concerned, they are also likely to help China's international financial situation.
Beijing can learn important lessons from the tragedy on the train tracks in Wenzhou about the management of its rail networks and also the more critical issue of its 2020 nuclear energy goals.
Statistical distortion on the use of coal in China is likely to not only severely undermine Beijing’s energy conservation and carbon abatement policy initiatives, but also make it difficult for the international community to verify achievements claimed by the Chinese government.
China and Russia share significant common ground on a number of issues, but a number of concerns still shape Sino-Russian bilateral relations.
Distorted incentive structures in China are encouraging many Chinese corporations to borrow—and increase their unsustainable level of debt—even though investments are not generating sufficient economic value.
A close comparison of the security perceptions of Chinese and Indian strategic, scientific, and academic experts reveals that the Sino-Indian security dilemma cannot be simply viewed through the prism of the border anymore.
China’s economy can only continue to grow rapidly through ever riskier increases in debt. Eventually, Chinese authorities will either choose to slow growth and curtail investment sharply or they will be forced to do so by their excessive debt.
Rising wages and capital costs are squeezing China's small- and medium-sized enterprises, while administrative attempts to mandate lending through quotas are distorting credit markets.
While strategic stability in China has traditionally reflected a concern for maintaining balance, the discussion has broadened in the past years to include concerns over issues such as nuclear terrorism and disarmament.
Carnegie's Beijing-based associate Lora Saalman speaks at The Asian Institute for Policy Studies' panel, Engaging China and Russia on Nuclear Disarmament.
Despite China's low consumption and high investment relative to GDP, key indicators suggest that its growth is not actually unbalanced.
With the bureaucratic infrastructure for solid bilateral relations between China and Russia already in place, the next step is increased dialogue between the countries’ intellectuals, who can examine the relationship from a broader perspective.
Although Brazil, Russia, India, China, and South Africa enjoy significantly more power individually nowadays, as a group they still haven't mastered the methods for transforming their newfound economic prowess into global power.
In spite of nominal changes in the value of China’s currency and domestic interest rates and wages, China’s economy remains unbalanced, as real interest rates continue to outpace real wages and any real appreciation of the renminbi.
While China’s new aircraft carrier does not pose a major threat to U.S. forces or allies in the Western Pacific, the United States needs to take steps to communicate this message of reassurance to countries in the region.