As Washington and Beijing continue to build on decades of successful strategic nuclear discussions, the U.S. military must find a way to promote a more effective dialogue with China’s military.
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.
Although movement is being made toward the resumption of six-party talks with North Korea, persistent disagreements will likely prevent any meaningful progress toward the denuclearization of the Korean Peninsula.
As emerging economies increase in size, a multi-currency arrangement will likely replace the dollar as the bedrock of the international monetary system. For both the United States and the rest of the world, this is not necessarily bad news.
The ongoing nuclear crisis in Japan is expected to have a profound psychological impact on decision makers and ordinary citizens in China, where the world’s most ambitious nuclear construction is scheduled to unfold in the coming decade.
China’s growth in 2010 was impressive, but massive credit expansion has left the economy with a potentially dangerous liquidity overhang and its growth will likely slow in 2011. A host of other risks leave China’s longer-term future more uncertain.