Douglas H. Paal
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}Source: Getty
Xi-Obama Meeting Raise Hopes for Renewed Relations
Presidents Barack Obama and Xi Jinping have a unique opportunity to reach a broad framework for U.S.-China relations that could strengthen cooperation and manage competition.
Source: CCTV
The informal summit between U.S. President Barack Obama and Chinese President Xi Jinping in Palm Springs, California is a historic opportunity for improving the U.S.-China relationship. Carnegie's Douglas H. Paal expressed hope that the meeting of the two heads of state will produce an ambitious conceptual statement that will encourage both sides to increase cooperation and manage competition.
About the Author
Distinguished Fellow, Asia Program
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.
- America’s Future in a Dynamic AsiaPaper
- U.S.-China Relations at the Forty-Year MarkQ&A
- +1
Douglas H. Paal, Tong Zhao, Chen Qi, …
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.
More Work from Carnegie China
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China has showcased its engineering prowess with small modular reactor demonstration projects. But turning these technological achievements into commercial success will be a greater challenge.
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The Plaza Accord was not an externally imposed punishment of Japan but part of a broader restructuring that Japanese economists and policymakers themselves recognized was necessary. Its effects were undermined, however, when Tokyo responded to the resulting slowdown with policies that exacerbated investment, credit expansion, and the very imbalances the adjustment was intended to resolve.
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- Untangling the Nuclear Knot: A Constructive Agenda for Managing China’s Nuclear Relations with the United States and Its AlliesPaper
The nuclear relationship between China and the United States is increasingly shaped by widening perception gaps rather than deliberate strategic design.
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- Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?Commentary
China’s banking crisis in the 2000s was resolved by transferring the costs to households through financial repression—a decision that recapitalized the banks while exacerbating the structural imbalances that continue to shape the Chinese economy today.
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