With the bureaucratic infrastructure for solid bilateral relations between China and Russia already in place, the next step is increased dialogue between the countries’ intellectuals, who can examine the relationship from a broader perspective.
Although Brazil, Russia, India, China, and South Africa enjoy significantly more power individually nowadays, as a group they still haven't mastered the methods for transforming their newfound economic prowess into global power.
In spite of nominal changes in the value of China’s currency and domestic interest rates and wages, China’s economy remains unbalanced, as real interest rates continue to outpace real wages and any real appreciation of the renminbi.
While China’s new aircraft carrier does not pose a major threat to U.S. forces or allies in the Western Pacific, the United States needs to take steps to communicate this message of reassurance to countries in the region.
In order to reduce rural-urban inequality and prevent widespread unrest, China needs to invest its citizens with greater mobility and property rights by reforming its system for household registration.
Although movement is being made toward the resumption of six-party talks with North Korea, persistent disagreements will likely prevent any meaningful progress toward the denuclearization of the Korean Peninsula.
As emerging economies increase in size, a multi-currency arrangement will likely replace the dollar as the bedrock of the international monetary system. For both the United States and the rest of the world, this is not necessarily bad news.
If China is to avoid accumulating unsustainable levels of debt, it must reform its banking system by lowering interest rates, improving corporate governance, ensuring a more predictable regulatory framework, and providing higher quality information to investors.
The ongoing nuclear crisis in Japan is expected to have a profound psychological impact on decision makers and ordinary citizens in China, where the world’s most ambitious nuclear construction is scheduled to unfold in the coming decade.
Ineffectual loan quotas have led Chinese banks to devise new, riskier lending mechanisms. This trend will continue as long as China maintains its loose monetary and credit policies.
While the United States has expressed its desire to enhance strategic stability with China, there needs to be a better understanding of how China perceives America’s nuclear posture.
China’s growth in 2010 was impressive, but massive credit expansion has left the economy with a potentially dangerous liquidity overhang and its growth will likely slow in 2011. A host of other risks leave China’s longer-term future more uncertain.
If the Chinese and U.S. militaries cannot commit to a cooperative relationship, progress between the two nations on strategic issues will be limited, hostility could grow, and both sides could become more resolute about defending their respective military objectives.
Although an appreciation in China's currency value could benefit the United States in theory, Chinese leaders would likely counterbalance such a rise with policies that could further damage both the Chinese and U.S. economies.
China’s perception of India’s military modernization and space capabilities has evolved over recent years, and growing bilateral strains demonstrate the need for collaborative measures to reduce tensions and clarify national policies.
China’s domestic development drive has prompted it to develop trade relations with Latin America. While generating positive economic results for both sides in the short-term, the threat of Latin America once again falling into a pattern of export dependency—this time with China—looms large.
Since the five permanent members of the United Nations Security Council are nuclear weapon states, they struggle in their attempts to convince other nations, like Iran and North Korea, not to develop a nuclear weapon program.
Given upcoming leadership transitions and elections in both China and the United States, the increasing U.S. attention to the Asia-Pacific region, and China’s growing global presence, Hu Jintao's upcoming trip to Washington has particular significance for U.S.-China relations.
As China’s military modernization steadily advances, there are questions in Washington about Beijing’s ability to project power abroad and deter U.S. intervention in the Pacific—and whether that poses a threat to American interests
Open communication between the U.S. and Chinese governments and militaries can help overcome mutual distrust and create opportunities to tackle the world’s most critical problems, from the global economic crisis to stability on the Korean peninsula.