China’s foreign exchange (‘forex’) reserves and its holdings of U.S. government debt are two of the most frequently misunderstood issues in relations between the two countries. Recent events have underscored this problem. On September 18th, a car carrying Gary Locke, the U.S. Ambassador to China, was surrounded and partially attacked in a sideshow to an […]
China‘s leaders put on a show of unity on Saturday after their damning accusations against disgraced politician Bo Xilai, whose expulsion from the Communist Party drew an outcry from leftist supporters in a sign of the rifts his prosecution could inflame. On Saturday evening, top leaders gathered in the cavernous national parliament building for a […]
China’s 12th five-year Plan calls for a shift in the country’s economic model from export-led growth towards greater reliance on domestic demand, particularly household consumption. Since the Plan’s introduction, China’s current-account surplus as a share of gross domestic product (GDP) has indeed fallen. But does that mean that China’s adjustment is on track? According to […]
China appears ever more willing to use its economic muscle to strategic ends. Japan is the most recent target, as tensions flare over a maritime territorial dispute. Customs processing has been delayed for some Japanese goods, and visas are somewhat less forthcoming. There are concerns about consumer boycotts, especially of Japanese cars. It’s reasonable to […]
Sometime in the next few weeks, the Chinese Communist Party will likely convene its Party Congress, which meets every five years to set major policies and choose its Central Committee of about 370 members. This year a major leadership change will take place. China watchers are scrutinizing the personality and goals of Vice President Xi Jinping, […]
China has just taken another step in the direction of becoming a military power. On Tuesday, it put into service its first aircraft carrier, named the “Liaoning” after China’s northeastern Liaoning Province. According to the Ministry of National Defense, the carrier’s entry into service “has important meaning for raising the level of the modernization of China’s […]
China’s recent assertiveness in the South China Seas is a harbinger of things to come. Beijing’s seapower project and the enormous resources it has enjoyed have opened up new strategic vistas for Chinese leaders and military commanders. With larger and more capable seagoing forces at its disposal, Beijing is well positioned to fashion sophisticated strategies […]
China‘s first aircraft carrier has entered into service, the defence ministry says. The 300m (990ft) Liaoning – named after the province where it was refitted – is a refurbished Soviet ship purchased from Ukraine. For now the carrier has no operational aircraft and will be used for training. But China says the vessel, which has undergone extensive sea […]
The protest, argued all those engaged, was a spectacle of solidarity, and it appeared so at first glance: Beginning September 16, anti-Japanese grievances that had been simmering for months over the Diaoyu Islands, called the Senkaku in Japanese, overflowed into Chinese streets, engulfing more than a dozen cities in an arc along the country’s eastern seaboard. […]
Chinese streets were quiet today after anti-Japan protests, many of them violent, rocked more than a 100 cities last week. Large demonstrations continued through Tuesday, the 81st anniversary of Japan’s invasion of Manchuria. The disturbances, triggered by a territorial dispute over the Senkaku Islands in the East China Sea, are commonly described as the worst anti-Japan riots […]
looking beyond borders 