In The Media
Minxin Pei
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Source: Getty
In The Media
G20 Leaders to Tout Competing Ideas on Recovery
China wants to look like a leader at the G20 summit by highlighting the extent of its stimulus package ($586 billion) as well as the relative health of its financial system.
By Minxin Pei
Published on Apr 1, 2009
Source: NewsHour with Jim Lehrer
Pei argued that China wants to look like a leader at the summit by highlighting the extent of its stimulus package ($586 billion) as well as the relative health of its financial system. It worries that its long-term interests will suffer if the United States continues to print money. At the same, time, however, it does not want to take the lead in opposing American positions, so it will most likely serve as an intermediary between the Europeans and Americans lest anyone think that China is overreaching. Pei also noted that China feels "let down" by the United States because it has attempted, for the last 20 or 30 years, to emulate an economic system whose intellectual foundations have now collapsed.
About the Author
Minxin Pei
Former Adjunct Senior Associate, Asia Program
Pei is Tom and Margot Pritzker ‘72 Professor of Government and the director of the Keck Center for International and Strategic Studies at Claremont McKenna College.
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Minxin Pei
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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