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China’s economy faces uncertainty and choppy waters in the years ahead, a trend that the trade conflict with the United States seems likely to deepen.
How has Beijing’s approach to multilateral institutions evolved in the seventy years since the founding of the People’s Republic of China?
President Trump’s use of tariffs has hardened Chinese views and limited Beijing’s ability to make concessions, even if they are in China’s self-interest, without appearing weak.
The CIDCA’s highly ambitious agenda is a clear sign that, after years of considerable growth in China’s development finance, the underlying bureaucratic system is now beginning to mature. Yet key questions remain unanswered.
In this episode, Paul Haenle spoke with Evan Medeiros, former special assistant to the president and senior director for Asian affairs at the National Security Council, on escalating tensions between Japan and South Korea and the implications for the United States and China.
In threatening to restrict the export of rare earth metals to the United States, China wants to demonstrate that it has leverage over the United States and an ability to respond with commensurate countermeasures if the need arises.
Many hailed the informal Wuhan summit between President Xi and Prime Minister Modi last April as the beginning of a new chapter in China-India ties. However, relations between the world’s two most populous countries remain tense.
As China’s presence in the region grows, it will be difficult for Beijing to maintain strong economic ties while avoiding taking sides on political issues. Whether or not it can remain a neutral party is an open question going forward.
Pitched as a new Silk Road sweeping from Asia to Europe, China’s enormous Belt and Road Initiative is an ambitious, multinational infrastructure project. Experts from four Carnegie global centers explain other countries’ perspectives.
It is far too early to declare the “death” of the Belt and Road Initiative. Such assessments are premature, and fail to recognize the importance of the BRI to the leadership in Beijing.
Chinese businesses, both privately owned and state-controlled, must compete in an increasingly integrated world market which is firmly dominated by powerful global companies from the West. The expansion of multinationals in China is hindered not only by state control but also by the opacity of the economic system that is undergoing radical changes.
The Global Business and Economics program examines actual business transactions that span across national borders and institutional boundaries, identifies emerging patterns in the dynamic world market of which China is an integral part, and seeks intellectual breakthroughs for shaping corporate strategies, national policies, and global initiatives.
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