The central question isn’t whether China might continue to confound norms so much as what, precisely, is required for it to do so. And that, as ever, hinges on whether the Chinese government can strike the right balance between state intervention and market forces.
Nearly twenty years ago, the leaders of Japan and South Korea raised hopes for “a new Japan-Korea partnership for the twenty-first century,” backed by an action plan to foster broader cooperation and closer people-to-people ties.
Xi Jinping’s China intends to position itself at the heart of the geopolitical game.
The Trump administration’s “free and open Indo-Pacific” will likely provoke China, alarm other Asian nations, and drive the region into a tense, zero-sum competition. Such a confrontational posture risks a pointless Cold War with Beijing.
While China is unlikely to have a debt crisis, it will face more difficulties when making the adjustment as debt accumulates. A strong leadership may then be required to implement necessary reforms.
When Beijing says the words “economic reform,” it doesn’t mean what market and political players beyond its borders might wish it meant.
If and when the UK decides to close the curtain on its EU membership, China will be there, if and only if it suits Beijing’s own agenda.
Recently, China unilaterally changed an aviation route, designated M503, without consulting Taiwan. This move has chilled relations between the two countries and threatened cooperative flight agreements on both sides.
How China and the United States exert influence in Asia and the evolving roles of each in the region.
Japan’s national security is protected first and foremost by the U.S.-Japan alliance and its deterrence power. Robust deterrence is a national imperative for both countries because it minimizes the prospect for conflict and maintains access and influence to preserve an open economic system
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.