Commentary
Evan A. Feigenbaum
{
"authors": [
"Evan A. Feigenbaum"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "asia",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "AP",
"programs": [
"Asia"
],
"projects": [],
"regions": [
"East Asia",
"China"
],
"topics": [
"Economy"
]
}
Source: Getty
In The Media
What Is Beijing Going to do About Slowing Growth?
Even though Beijing’s leaders realize the need for reform, resistance from state-owned enterprises presents a political barrier to implementing changes.
Published on Oct 20, 2014
Source: CNBC
Speaking on CNBC, Carnegie’s Evan Feigenbaum discussed the economic options available to China. He said that if the government continues to stimulate the economy, it could lead to further economic distortions. Instead, he said, real potential lies in looking to other sources of growth that could lead to long-term reform. Such sources include a “greater role for the private sector in the economy; demonopolization and opening of more sectors to competition; and greater innovation.” Feigenbaum added that, while the Chinese government realizes this, there has been greater resistance from the state-owned enterprises to these reforms than anticipated, so the lag in implementing these policies has been “political” and not “intellectual.” He concluded that Beijing was ultimately more concerned with the depth and quality of reform rather than the speed of reform, and so Beijing is working on changing the environment in which such state-owned enterprises operate rather than assaulting them directly.
About the Author
Evan A. Feigenbaum
Vice President for Studies
Evan A. Feigenbaum is vice president for studies at the Carnegie Endowment for International Peace, where he oversees work at its offices in Washington, New Delhi, and Singapore on a dynamic region encompassing both East Asia and South Asia. He served twice as Deputy Assistant Secretary of State and advised two Secretaries of State and a former Treasury Secretary on Asia.
- In Its Iran War Debate, Washington Has Lost the Plot in Asia
- Beijing Doesn’t Think Like Washington—and the Iran Conflict Shows WhyCommentary
Evan A. Feigenbaum
Recent Work
More Work from Carnegie India
- Threading the Needle: India’s Path Forward with ChinaPaper
After the chill in ties between 2020 and 2024 that brought India–China relations to their lowest point in several decades, the two countries have engaged each other afresh. This paper argues that there are predominantly four imperatives guiding India’s approach to China, and they exist in an order of priority.
Saheb Singh Chadha
- Managing Divergence: India’s BRICS Presidency in 2026Article
This piece argues that India’s central challenge is not managing a single flashpoint but resolving the underlying tension between expansion and institutional coherency of the BRICS grouping.
Vrinda Sahai
- India’s Press Note 3 Gamble: Opening the FDI Door to ChinaArticle
On March 10, 2026, India’s Union Cabinet approved amendments to Press Note 3, a regulation that mandated government approval on all foreign direct investment (FDI) from countries sharing a land border with India. This amendment raises questions primarily about whether its stated benefits will materialize and if the risks have been adequately weighed. This piece will address the same.
Konark Bhandari
- The Impact of U.S. Sanctions and Tariffs on India’s Russian Oil ImportsCommentary
This piece examines India’s response to U.S. sanctions and tariffs, specifically assessing the immediate market consequences, such as alterations in import costs, and the broader strategic implications for India’s energy security and foreign policy orientation.
Vrinda Sahai
- India-China Economic Ties: Determinants and PossibilitiesPaper
This paper examines the evolution of India-China economic ties from 2005 to 2025. It explores the impact of global events, bilateral political ties, and domestic policies on distinct spheres of the economic relationship.
Santosh Pai
