During his ten-day diplomatic tour of the Asia-Pacific region, Obama will reassure Asian nations that the United States will continue to play a role in balancing Chinese influence in the region, and reassure China that Washington seeks cooperation rather than confrontation with Beijing.
President Obama will travel to Japan, Singapore, China, and South Korea starting on October 11. Carnegie experts will answer your questions about the possible implications and outcomes of the trip for the U.S. strategic and economic relationship with the region.
Much has been made about President Obama's upcoming trip to Asia as recent events on the continent—continuing uncertainty in North Korea, the violence in Urumqi, and the ongoing fallout in the wake of global recession—indicate that this could be one of the most important trips of his first year in office.
China’s recent surge in infrastructure investment may improve economic conditions for now, but if it continues to slow household income growth, its net effect may be to simply constrain consumption and prevent a more rapid rebalancing of the economy.
China is emerging from the economic crisis sooner than any other large economy, accelerating its rise as a global leader in the economic and financial arena.
China’s present model of economic development forces households to subsidize large amounts of often inefficient investment. If Beijing sticks to this policy, domestic consumption will continue to stagnate and constrain overall growth.
While China’s military parade may provide a temporary boost of national pride, in the long term, it will be little more than a passing distraction from the intractable problems confronting the regime.
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.