Washington and Tokyo are sending some conflicting signals regarding their policies toward China, bracing for strategic competition but also trying to strengthen cooperation in certain priority areas.
The international community views the Belt and Road through a zero-sum lens. To succeed, Beijing should focus on its domestic aspirations, international responsibilities, and nonmonetary investments.
China’s debt problems have emerged so much more rapidly and severely this year than in the past that a growing number of analysts believe that this may be the year that China’s economy breaks. There is no question that China will have a difficult adjustment, but it is likely to take the form of a long process rather than a sudden crisis.
Chinese observers generally view the Singapore summit as a positive step toward denuclearization on the Korean Peninsula. However, many have come to question the success of the summit and whether the positive momentum that resulted from it is markedly slowing down.
A recent article by Joseph Stiglitz suggests that the United States runs a current account deficit because its people save too little to fund domestic investment. In fact, he may have it backwards: Americans may save too little precisely because the United States runs a current account deficit.
The United States military has contributed to the maintenance of peace and security in the Republic of Korea for more than 67 years. Its commitment during this long period have shown their ability to respond to the changing and complex threats of Northeast Asia.
Some analysts say a major and direct cause of the imbalance in bilateral trade is the high level of expenditure by American consumers.
The threat of trade conflict with Americans could be good for the Chinese economy if it encourages the government to accelerate the domestic rebalancing that has been occurring since 2012.
Europe has concerns about China’s trade policies. But the two countries may want to unite for a more rules based global trade system.
Some White House advisors see trade deficits as a threat to growth and security. But no one wins in a trade war, certainly not U.S. and Chinese consumers who will have to pay higher prices.
This Chinese-language monthly offers objective and original policy analysis on China for American and Chinese researchers and policymakers.
The Carnegie Asia Program in Beijing and Washington provides clear and precise analysis to policy makers on the complex economic, security, and political developments in the Asia-Pacific region.