At the current juncture of global uncertainty and diversified threats to prosperity, the United States and Japan should work to incorporate their full range of cooperation in more direct service of comprehensive national strategies.
The new administration should think carefully before moving forward with recent proposals about China and the U.S. role in Asia.
With time and the need to accumulate achievements, policy issues will depend less on personalities, though the president’s personality will remain important, than on working with enduring realities.
China’s place in the East Asian production chain distorts trade data to make it seem like the country responsible for the U.S. trade deficit. This is not the case.
In a world retreating from free trade, raising household consumption may be the only meaningful way to reverse China’s depdendence on debt to spur GDP growth.
The U.S. National Science and Technology Council recommended in October 2016 that the United States should develop a government-wide strategy for international engagement related to artificial intelligence. The U.S.-Japan alliance offers an opportune foundation on which to develop that strategy.
As China continues to grow, reform, invest abroad, and integrate with the global financial system, it is almost inevitable that one day the RMB will rival the U.S. dollar and the Euro as a global reserve currency. But that day is still far away.
A wise course of policy for the United States, China, and Taiwan would be to focus on what can be done to maintain the high quality status quo than challenge the fundamental values of each other.
The three scenarios listed in a recent Financial Times article set out the range of plausible economic outcomes available to China. The most likely is that China experiences a long, but orderly, growth deceleration as it grinds away at its debt burden, but under easily specified conditions each of the three is possible.
Singles’ Day and its staggering sales numbers stand out not just in economic terms but as an expression of China’s emerging urban culture.
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.