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South Korea’s president wants to develop longer-range missiles to protect his country against the North Korean threat. But he may end up fueling more regional instability.
While prices of hard commodities have dropped substantially from their peaks, there is continued reason to be bearish due to the combination of rising supply, dropping demand, and excessive inventory.
Chinese leadership gives no sign of accepting any type of foreign military intervention in Syria, calling into question the significance of China’s apparent earlier move toward accepting some infringements on national sovereignty by outside forces.
Declining fisheries and a race for energy resources are fueling the flames of Asia’s maritime disputes. Outsiders can help with concrete diplomatic initiatives.
Lower growth figures in China reflect a dual economic transition, both from coastal to interior growth and from external to domestic demand. Fiscal and private sector reforms can support this structural rebalancing.
A lower growth expectation for China does not imply a gloomy picture. Rather, significantly reduced economic growth is a necessary consequence of China's much-needed rebalancing.
Redefining relations with China will require economic coordination with Europe, as France opens to Chinese investment while demanding more regulation and transparency from Beijing.
China urgently needs to rebalance its economy, but the exchange rate is only one of the mechanisms, and not even the most important, that will determine the price of Chinese goods abroad.
Rebalancing in China means by definition that the household consumption share of GDP must rise, and the only effective way to do this is by raising the household income share of GDP.
While Beijing's current debt level is not unsustainable, it is difficult to argue that in recent years the level of debt has not risen at an unsustainable pace.