Japan’s national security is protected first and foremost by the U.S.-Japan alliance and its deterrence power. Robust deterrence is a national imperative for both countries because it minimizes the prospect for conflict and maintains access and influence to preserve an open economic system
In most economies, GDP growth is a measure of economic output generated by the performance of the underlying economy. In China, however, Beijing sets annual GDP growth targets it expects to meet. Turning GDP growth into an economic input, rather than an output, radically changes its meaning and interpretation.
The United States has to address its role in absorbing global capital if it wants to resolve trade deficits.
In 2018 Japan continues to face both domestic and international issues of critical importance. Meanwhile, the U.S.-Japan alliance remains solid as energy trade becomes an important new area of bilateral cooperation.
China must force through a deleveraging process to overcome local barriers and restrain its crushing debt.
The French president was charming but also sent a message as Beijing searches for an EU partner.
A January 2018 Bloomberg article suggests that Chinese officials may reduce their purchases of U.S. government bonds. It is very unlikely that China can do so in any meaningful way because doing so would almost certainly be costly for Beijing. And even if China took this step, it would have either no impact or a positive impact on the U.S. economy.
Foreign policy goals addressed at the 19th Party Congress confirm the end of China’s “hide and bide” period and demonstrate its growing interest in becoming a more influential player on the world stage.
There is a serious risk that North Korea will use renewed dialogue tactically to drive a wedge between Washington and Seoul and to dilute the effects of recently imposed sanctions.
As China vies for more influence in Central Asia, the United States, the European Union, and other Asian countries must take a strategic interest in Kazakhstan to ensure the country’s prosperity and protect the international liberal economic order.
This Chinese-language monthly offers objective and original policy analysis on China for American and Chinese researchers and policymakers.
The Carnegie Asia Program in Beijing and Washington provides clear and precise analysis to policy makers on the complex economic, security, and political developments in the Asia-Pacific region.