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In order to reduce rural-urban inequality and prevent widespread unrest, China needs to invest its citizens with greater mobility and property rights by reforming its system for household registration.
Although movement is being made toward the resumption of six-party talks with North Korea, persistent disagreements will likely prevent any meaningful progress toward the denuclearization of the Korean Peninsula.
If China is able to rebalance its economy by increasing consumption and thus reducing its trade surplus, the United States would benefit from the decline in its trade deficit with China.
Although an increase in China's domestic consumption as a share of its GDP will cause its current account surplus to decline as it buys fewer U.S. government bonds, this will not necessarily be a bad thing for the U.S. economy.
The costs of the dollar's status as the international reserve currency now outweigh the benefits, and the United States should take the lead in moving to multi-currency reserves.
China’s stance on the recent UN Security Council Resolutions on Libya demonstrates that Beijing’s traditional foreign policy of noninterference is being challenged by its growing international involvement and expanding economic ties.
China's ongoing crackdown on domestic dissidents stems from a number of factors, including Beijing's fears about potential broader unrest and political posturing ahead of the upcoming leadership transition.
If China is to avoid accumulating unsustainable levels of debt, it must reform its banking system by lowering interest rates, improving corporate governance, ensuring a more predictable regulatory framework, and providing higher quality information to investors.
While Asia is being reborn and remade, the United States is badly prepared for this momentous rebirth, making it less relevant in each of Asia's constituent parts.
Rebalancing China's growth from investment to consumption is necessary if China is to sustain long-term economic growth. Recent attempts to move in this direction have been insufficient; true rebalancing will require a more fundamental revision of the growth model.