Carnegie Endowment for International Peace
Yasheng Huang, author of recently released Selling China: Foreign Direct Investment During the Reform Era, argued that surging levels of FDI are signs of weaknesses and inefficiencies in China's economy and banking system.
Beijing provides critical energy and food aid to Pyongyang. Indeed, without Beijing's economic support, conditions in North Korea are likely to deteriorate dramatically. Logically, China ought to be the country the US should court actively to increase the diplomatic pressure on North Korea and reduce the tensions over Pyongyang's dangerous nuclear programmes.
Most observers examine the extent to which the Chinese government fulfills its WTO obligations. Carnegie's Veron Hung offers a different perspective. She examines a key aspect of China's legal system essential to China's implementation of its WTO obligations-independent judicial review.
China's accession to the World Trade Organization thrusts formidable challenges on Chinese leadership to honor promises relating to the country's rule of law developments. The United States and the international community should seize this unprecedented opportunity by directing more resources toward such reform efforts.