Xi Jinping’s speech before the Central Conference on Work Relating to Foreign Affairs marks the most comprehensive expression yet of the current Chinese leadership’s more activist and security-oriented approach to diplomacy.
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.
Those who doubt China’s prospects in the near term emphasize economic distortions. China bulls, on the other hand, assert that competent policies will help the economy rebound. Both groups are correct with respect to their own time horizon.
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.
Asian financial integration is becoming a lasting feature of the political and economic reality in Asia and will pose a growing challenge to U.S. leadership in the Pacific. Washington should not shy away from this competition.
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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