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While the PRC’s sixtieth birthday military parade is primarily intended to stir domestic political support, it also sends a strong international message by showcasing the nation as a modern military powerhouse.
As the deadlock continues over North Korea’s nuclear program, China is likely to stick to its risk-averse policy of dialoguing with Pyongyang despite high costs and limited returns.
As China celebrates its sixtieth anniversary under communist rule on October 1, the CCP’s survival is unclear because it hinges on high rates of economic growth that may be unsustainable.
With little chance that China will be able to increase its consumption rate to compensate for increased U.S. savings rates, the world may face a period of slower growth.
Propelled by massive monetary and fiscal stimulus programs, China’s economic rebound outpaced even optimistic predictions, putting the government’s target of 8 percent growth in 2009 within reach.
Fears about Asia’s rise warrant a more balanced and critical look. China and India's international standing should not be overstated because both face serious economic and social constraints that will limit their growth.
Although China will continue to rely on fossil fuels in the coming decades, the government has undertaken an unprecedented effort to forge a low-carbon development path by promoting energy efficiency and renewable energy.
China's fiscal stimulus, intended to increase domestic consumption in the face of lagging U.S. demand by expanding bank lending, may in fact have the opposite effect by creating bad loans— the fallout of which will ultimately inhibit consumption.
The Strategic and Economic Dialogue should aim to resolve what seem like domestic policy conflicts between China and the United States, but which are ultimately trade rebalancing issues.
A tightly coordinated, well-executed S&ED may be just the format to advance the world's most important bilateral relationship.