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National savings represent a lot more than the thriftiness of local households, and as such it has a lot less to do with household or cultural preferences and more so with the policies or institutions that restrain the household share of GDP.
Beijing faces a trade-off between stimulating short-term economic growth and acting on the structural reforms needed to establish a basis for sustainable growth in the future.
Relations in Asia have deteriorated in large part because China’s willingness to act lags behind its capabilities. More productive outcomes could be realized if China became more active in crafting the global agenda.
In a close general election on May 5, Malaysia’s ruling Barisan Nasional (BN) coalition retained power despite securing less than 50 percent of the popular vote.
The speed of China’s growth in the coming decade depends on whether or not it is possible to maintain current levels of consumption growth once investment growth is sharply reduced.
U.S.-Japan cooperation in science and technology can boost economic growth and strengthen the bilateral relationship.
It may be useful to think about Japan as a model for understanding the adjustment process in China, since the Japanese model shows how risky it is to shift to a slow-growth model.
China’s new leadership has taken shape since November and March but programmatic policy statements are not expected until around the time of the Third Plenum of the Central Committee in the autumn.
In light of the most recent bout of violence in Myanmar, it is vital that the government act quickly to heal the nation's new wounds, protect ethnic minorities, and continue the important task of nation building.
The conditions that facilitated China’s last major burst of economic reform in the 1990s are largely present today, potentially boosting the prospects for real and enduring economic change.