Economic Risk in Asia

    The Battle of Beijing

    You can always count on the Olympic Games to provide drama. Next year’s games in Beijing will be no different; they too will produce powerful stories and riveting television. But this time the images will not just be athletes overcoming the odds or breaking records. They will also focus on the clashes between the Chinese police and the activists who will arrive from all around the world.

    The End of an Era? Inflation Returns to China

    • Albert Keidel, Nick Lardy, Pieter Bottelier
    • October 25, 2007
    • Washington, D.C.

    Carnegie Senior Associate Albert Keidel of the China Program presented his latest policy brief "China's Looming Crisis-Inflation Returns." Moderated and discussed by Nick Lardy from the Peterson Institute and Pieter Bottelier from Johns Hopkins University. 

    China's New Leadership

    After much behind-the-scenes horse-trading, China’s Communist party this week unveiled the country’s new top leadership for the next five years. Hu Jintao, president, and Wen Jiabao, premier, remained in their posts, while four new members, including the possible successors to Mr Hu and Mr Wen, joined the nine-strong Standing Committee of the Politburo, the party’s top echelon.

    China’s future: A Nation of Single Men?

    The country's love of male children may create a dangerous underclass and prematurely gray the population.

    Corruption Threatens China’s Future

    Failure to contain endemic corruption among Chinese officials poses one of the most serious threats to the nation’s future economic and political stability. Minxin Pei argues that corruption not only fuels social unrest and contributes to the rise in socioeconomic inequality, but holds major implications beyond its borders for foreign investment, international law, and environmental protection. 

    Burma Blues

    For days, thousands of average Burmese and respected Buddhist monks have paraded through the streets of Burmese cities, calling for democracy and picking up supporters as they march. The events of today are reminiscent of 1988 when the Burmese military took power, convinced that there would be no sanctions from the international community. Twenty years on, history is in danger of being repeated.

    More Flexibility Needed for Effective Emissions Cap-and-Trade Policy

    Experts say that greenhouse-gas trading designed under the Kyoto Protocol was an important first step in reducing emissions increasingly linked to climate change. William Chandler, a senior policy analyst for energy and climate, says trading programs have achieved mixed results. Chandler argues that the United Nations should rethink how it implements its trading program to make it more effective.

    China’s Looming Crisis—Inflation Returns

    The Chinese government must move quickly and dramatically to increase interest rates to reduce the risk of an inflation crisis, says a new policy brief from the Carnegie Endowment.  Albert Keidel, an expert on China’s economy, urges the Chinese government to avoid the danger of  harsh corrective steps which in the past caused severe declines in GDP growth, fueled deadly urban civil unrest throughout the country, and brought long-lasting damage to China’s international reputation.

    Congress Pimps for Wall Street

    The current bill on China's exchange rate that is working its way around Capitol Hill will do nothing to help the U.S. trade deficit or U.S. jobs. It will instead encourage speculators to buy into Wall Street China schemes.

    Trust Fall: China's Alarming Penchant For Secrecy

    Despite becoming more transparent in recent years, Beijing's first instinct, when presented with crises, is to slam the door. And as long as it does so, it will never truly enjoy the world's confidence.

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