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Although much about the interaction between China’s military and those who decide its foreign policy remains unknown or only dimly understood by outsiders, a close look reveals that the military does not wield ongoing decisive influence over fundamental aspects of Beijing’s foreign policy.
The 2011 floods are a wake-up call to the people and government of Thailand that climate-related risks are real and here to stay, and require a serious and determined response.
China faces the difficult challenge of promoting macroeconomic rebalancing without rekindling inflation and property bubbles.
Beijing has been using the financial system to fund public expenditure needs, many of which are not commercial in nature and would normally be undertaken through the budget.
By openly acknowledging that Greece could abandon the euro, Europe’s leaders may have set in motion events that will automatically force Greece to leave.
Falling growth rates in China may signal a much-needed transfer of wealth from the state to the household sector, a vital aspect of economic rebalancing.
While President Obama will use his ten day trip to the Asia-Pacific to demonstrate that the United States is serious about its involvement in the region, his substantive agenda appears thin and may disappoint those with high expectations.
President Obama's trip to the Pacific will be an important milestone in his administration’s steady and determined effort to re-establish a diplomatic presence and develop closer ties with a region that is driving the world economy and unsettling the established global balance of power.
Forcing the renminbi to appreciate might shift the burden of unemployment from the United States to China, but it would also set a dangerous precedent for future trade and currency wars.
Recent changes in Myanmar’s behavior suggest that its leaders may be attempting to shift away from dependence on China and seek greater legitimacy at home.