• Event

    Taiwan Strait Update

    • Abraham Denmark, Tzu-yun Su, Douglas H. Paal
    • February 15, 2018
    • Washington, DC

    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.

    • Strengthening U.S.-Japan Alliance Deterrence

      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

      • China Financial Markets

      The GDP of Bridges to Nowhere

      In most economies, GDP growth is a measure of economic output generated by the performance of the underlying economy. In China, however, Beijing sets annual GDP growth targets it expects to meet. Turning GDP growth into an economic input, rather than an output, radically changes its meaning and interpretation.

      • Op-Ed

      Protectionism Can’t Fix Trade Imbalances

      The United States has to address its role in absorbing global capital if it wants to resolve trade deficits.

      • Event

      Japan in 2018

      • Hiroyuki Tsurugi, James Zumwalt, Julie Chung, Taisuke Mibae, Sheila Smith, Wataru Sawamura, Jane Nakano, James L. Schoff
      • January 18, 2018
      • Washington, DC

      In 2018 Japan continues to face both domestic and international issues of critical importance. Meanwhile, the U.S.-Japan alliance remains solid as energy trade becomes an important new area of bilateral cooperation.

      • Op-Ed

      Why Beijing Should Dump Its Debt

      China must force through a deleveraging process to overcome local barriers and restrain its crushing debt.

      • Op-Ed

      Macron Gets the Timing Right in China as Energetic Standard-Bearer for Europe

      The French president was charming but also sent a message as Beijing searches for an EU partner.

      • China Financial Markets

      Why China Likely Won’t Buy Fewer U.S. Treasury Bonds

      A January 2018 Bloomberg article suggests that Chinese officials may reduce their purchases of U.S. government bonds. It is very unlikely that China can do so in any meaningful way because doing so would almost certainly be costly for Beijing. And even if China took this step, it would have either no impact or a positive impact on the U.S. economy.

      • Chinese Views of Foreign Policy in the 19th Party Congress

        Foreign policy goals addressed at the 19th Party Congress confirm the end of China’s “hide and bide” period and demonstrate its growing interest in becoming a more influential player on the world stage.

        • Op-Ed

        The Great Danger in South Korea Opening Up Talks With North Korea

        There is a serious risk that North Korea will use renewed dialogue tactically to drive a wedge between Washington and Seoul and to dilute the effects of recently imposed sanctions.

      China Insights

      This Chinese-language monthly offers objective and original policy analysis on China for American and Chinese researchers and policymakers.

      Carnegie Experts on

      • expert thumbnail - Feigenbaum
        Evan A. Feigenbaum
        Nonresident Senior Fellow
        Asia Program
        Feigenbaum’s work focuses principally on China and India, geopolitics in Asia, and the role of the United States in East, Central, and South Asia. His previous positions include deputy assistant secretary of state for South Asia, deputy assistant secretary of state for Central Asia, and member of the secretary of state’s policy planning staff with principal responsibility for East Asia and the Pacific.
      • expert thumbnail - Godement
        François Godement
        Nonresident Senior Fellow
        Asia Program
        Godement, an expert on Chinese and East Asian strategic and international affairs, is a nonresident senior fellow in the Asia Program at the Carnegie Endowment for International Peace.
      • expert thumbnail - Haenle
        Paul Haenle
        Carnegie–Tsinghua Center for Global Policy
        Haenle served as the director for China, Taiwan, and Mongolian Affairs on the National Security Council staffs of former presidents George W. Bush and Barack Obama prior to joining Carnegie.
      • expert thumbnail - Holden
        John L. Holden
        Nonresident Senior Fellow
        Asia Program
        Holden is a nonresident senior fellow in the Carnegie Asia Program. He also advises corporations and other organizations on their operations in China and assists Chinese companies overseas.
      • expert thumbnail - Huang
        Yukon Huang
        Senior Fellow
        Asia Program
        Huang is a senior fellow in the Carnegie Asia Program, where his research focuses on China’s economy and its regional and global impact.
      • expert thumbnail - Le Corre
        Philippe Le Corre
        Nonresident Senior Fellow
        Europe Program
        Asia Program
        Philippe Le Corre is a nonresident senior fellow in the Europe and Asia Programs at the Carnegie Endowment for International Peace.
      • expert thumbnail - Lee
        Chung Min Lee
        Nonresident Senior Fellow
        Asia Program
        Chung Min Lee is a nonresident senior fellow in Carnegie’s Asia Program.
      • expert thumbnail - Medeiros
        Evan Medeiros
        Nonresident Senior Fellow
        Asia Program
        Evan S. Medeiros is a nonresident senior fellow in the Asia Program at the Carnegie Endowment for International Peace.
      • expert thumbnail - Paal
        Douglas H. Paal
        Vice President for Studies
        Paal previously served as vice chairman of JPMorgan Chase International and as unofficial U.S. representative to Taiwan as director of the American Institute in Taiwan.
      • expert thumbnail - Pettis
        Michael Pettis
        Nonresident Senior Fellow
        Asia Program
        Pettis, an expert on China’s economy, is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets.
      • expert thumbnail - Schoff
        James L. Schoff
        Senior Fellow
        Asia Program
        Schoff is a senior fellow in the Carnegie Asia Program. His research focuses on U.S.-Japan relations and regional engagement, Japanese politics and security, and the private sector’s role in Japanese policymaking.
      • expert thumbnail - Swaine
        Michael D. Swaine
        Senior Fellow
        Asia Program
        Swaine is a senior fellow at the Carnegie Endowment for International Peace and one of the most prominent American analysts in Chinese security studies.

      About the Program

      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.

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