A discussion about the significance and ramifications of the 70th anniversary of the People’s Republic of China.
China’s economy faces uncertainty and choppy waters in the years ahead, a trend that the trade conflict with the United States seems likely to deepen.
For years, China has experienced blistering growth. Driven by an investment-heavy economic model, this growth has limited household income while subsidizing business.
Since the founding of the People’s Republic of China, the relationship between the two superpowers has been transformed.
Shortly after the People’s Republic of China was founded seventy years ago, China and Middle Eastern countries forged a bond over their mutual opposition to colonialism. Today, China is the region’s biggest foreign investor.
Since the Paris agreement was adopted, climate analysts have argued that the initial commitments made by more than 185 countries were insufficient to reach the agreement’s goals in fighting climate change.
Tensions between the world’s superpowers are mounting in Washington and Beijing. But between these hubs of high-level politics, a new reality is emerging between China and the state of California, which have built deep and interdependent socioeconomic exchanges that reverberate across the globe.
While investment in Hong Kong may not change rapidly, continued uncertainty will erode the foundations that have made Hong Kong special in the minds of global businesses.
The United States is in the midst of the most consequential rethinking of its foreign policy since the end of the Cold War. Although Washington remains bitterly divided on most issues, there is a growing consensus that the era of engagement with China has come to an unceremonious close.
Historically, China has forged its own distinctive foreign aid practices. In March 2018, Beijing established the China International Development Cooperation Agency (CIDCA) to integrate and streamline its development aid programs.