Excessive intrusions by the Chinese state to shore up confidence in the country’s financial markets are precisely what led to overheating.
Policymakers in the United States, China, and other Asian powers must choose whether to deal forthrightly awith the changing regional power distribution or avoid the hard decisions that China’s rise poses.
The Asia-Pacific region is undergoing enormous change, fueled by high levels of economic growth and deepening levels of integration.
The stability of the Indo-Pacific will depend in large part on the dynamics that shape relations among four states: China, India, Japan, and the United States.
A generation from now, historians may look back at Chinese President Xi Jinping’s tenure as marking a break with the past; rather than defining a new normal for the Chinese economy, the time will be remembered for Xi’s crusade against corruption.
Cementing better security ties between the United States and Japan will pay long-lasting dividends.
A Japan that won’t come to terms with history undermines regional reconciliation.
The United States and China don’t agree on every issue. But in the past, the two countries have found ways to deal with their disagreements without obstructing progress in areas of common interest.
Indonesian President Joko Widodo faces two huge challenges. The first is political and has mesmerized the country for the last fortnight. The second is economic, less well known and less urgent, but will also test his leadership mettle.
China and Japan’s perceptions of fairness are often incompatible, leading to a fairness dilemma that could end in tragedy and involve the U.S. military.
China’s economy is in for a bumpy ride. But if Chinese leaders implement the right macroeconomic policies and structural reforms, the challenges should be manageable.
The historic political and economic transition under way in Myanmar is a strategic opportunity for the United States and Japan that requires closer alliance coordination.
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