Economic Risk in Asia

    Volcano in the Himalayas

    Tibetans' violent rebellion against China has been simmering for a long time.

    Breaking the Suicide Pact: U.S.–China Cooperation on Climate Change

    U.S.–China climate cooperation is the crucial step toward a global climate agreement. Together both nations produce 40 percent of global greenhouse gas emissions, yet they remain locked in a “suicide pact” -- each demanding that the other take responsibility.

    A Mid-Term Report of the Hu-Wen Government: Analyzing the Outcome of the National People's Congress

    In a talk moderated by Carnegie Senior Associate Albert Keidel, Minxin Pei, director of the Carnegie China Program and Wing Thye Woo, senior fellow at the John L. Thornton China Center at the Brookings Institution, discussed the implications of the recent National Party Congress.

    State Inc.

    The most important new forces in global business are aggressive, wealthy, and entrepreneurial. But they aren't corporations: they're authoritarian governments.

    Developing Countries Worse Off Than Once Thought

    When new estimates of purchasing power parity were released last December, economic understanding of the world suddenly shifted: incomes in many emerging economies are significantly lower than previously thought. Branko Milanovic explains how this revelation will greatly affect our comprehension of poverty, global inequality, and the speed of economic growth.

    China’s ‘New Village’ Strategy – Actual Progress and National Impact

    China Program hosted a seminar to discuss China's latest agriculture policy. Moderated by Senior Associate Albert Keidel, this event featured guest speaker Hu Binliang from Chinese Academy of Social Sciences.

    Red Menace

    The biggest economic threat from China isn't its dominance of manufacturing or its artificially pegged currency. It's that the world's soon-to-be third-largest economy is being fueled by financial markets that remain essentially--and dangerously--lawless.

    A Crash is China’s Chance for Reforms

    • Minxin Pei, Wayne Chen
    • January 21, 2008
    • Financial Times

    The spectacular run-up in equity prices in China in the past two years has created a classic asset bubble. The likelihood that the stock market will crash in the not-too-distant future has recently increased because of rising inflation at home and a global economic slow-down. The Chinese stock market has already begun to correct – the main stock indexes have fallen 15 per cent from their highs. However, with Chinese equity price levels disturbingly close to those of Japan’s Nikkei in 1989 prior to its meltdown, the Chinese market will have to fall much further to reach reasonable valuations.

    China’s Economic Fluctuations: Implications for its Rural Economy

    China’s growth and inflation risks are not trade-related but are instead driven by domestic forces.

    Financing Energy Efficiency in China

    Carnegie's William Chandler argues that reforming China’s financial sector can curb China’s greenhouse gas emissions even as work continues on an international treaty. China’s impressive national policies to promote clean and renewable energy have been undermined by unnecessary financial hurdles and bureaucratic struggles that increase financial risks and costs for potential investors.

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