What is seen by some as a generalized debt problem is actually more of a restructuring issue involving downsizing of a subset of state-owned enterprises.
The Donald Trump administration is beginning to take shape, but still has a long way to go in identifying personnel and defining policy goals, particularly in Asia.
China has not necessarily been successful at leveraging its economic might to promote its interests.
Data suggests that the Chinese economy has stabilized in spite of a global economic slowdown, with increased investment and rising property values signalling a stable, though slower, growth.
Accusing China of causing America’s trade deficits is politically expedient yet inaccurate. America’s deficits emerged long before the beginning of China’s large surpluses.
Efforts by the United States or China to secure future predominance in the Western Pacific will prove futile and dangerous, given a host of security, economic, and diplomatic factors. Instead, creating a stable de facto balance of power is necessary and feasible for both countries.
China’s success will depend Beijing’s ability to centralize power, to begin to sell off government assets, to rein in credit growth, and to accept much lower GDP growth rates.
The prospects for the Trans-Pacific Partnership look dim in the face of a Trump administration, which may open opportunities for China to take the lead in the Pacific region.
It can be tempting to overgeneralize about patterns in China’s economic development—even for scholars who acknowledge the country’s great diversity.
There is no direct link between the emergence of American deficits and China’s surpluses. Moreover, there is little evidence that an undervalued yuan played a major role in driving China’s surpluses.
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.