U.S. Message to the BRICS: No More Mr. Nice Guy

As a general proposition, it is refreshing to hear an American talk about “soft power.” Especially outside U.S. borders, in “old” Europe and the “new” emerging markets, hope inevitably rises that the United States is finally wising up. People there have long been befuddled by the United States’ penchant over the past decade to focus […]

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Channeling Deng Xiaoping

With his trip to Shenzhen and other places in southern China, Xi Jinping, the new leader of China’s Communist Party, has all but declared himself to be a reformer in the vein of Deng Xiaoping. Chinese politics is always full of signs, symbols, and suggestions.  After a year characterized by a confusing mix of “signs […]

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Immigration and American Power

The United States is a nation of immigrants. Except for a small number of Native Americans, everyone is originally from somewhere else, and even recent immigrants can rise to top economic and political roles. President Franklin Roosevelt once famously addressed the Daughters of the American Revolution – a group that prided itself on the early […]

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Clash of the Balance Sheets

China and the United States are on a collision course — over accounting. Last week, the U.S. Securities and Exchange Commission (SEC) charged the Chinese affiliates of the world’s top five accounting firms with violating securities laws for refusing to hand over information on suspect Chinese companies to investigators. The move is the latest, most dramatic step […]

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China Is The World’s Next Rust Belt

Six cities in Liaoning province, including Shenyang and Anshan, recently announced they are converting abandoned industrial sites to farmland.  Dongguan, once a booming factory center, is on the verge of bankruptcy as companies close, leaving the local government severely cash-strapped. Just two years after China overtookthe U.S. to become the world’s largest manufacturer, the country faces the […]

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Sino-Indian Ties Border On The Amicable

New dynamics are emerging in the crucial Sino-Indian relationship. The two Asian giants are developing deeper global cooperation, while at the same time remaining stuck in a pattern of regional rivalry. Their disputed border, India‘s involvement in the growing confrontation in the South China Sea, and the US “pivot” towards Asia steer the Sino-Indian dynamic […]

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The World in 2013

Three major forces will be looming behind the headlines, driving events in 2013: the crisis of the Western democratic model, rising sectarian strife in the Middle East, and worries about American withdrawal from the world. The Obama administration must realize that no “foreign policy” issue will matter as much to global economic, political, and ultimately […]

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New China Edict: No More Pomp and Circumstance

For many years top Chinese politicians have lived a bit like rock stars, without the paparazzi. Never mind that few of the political elite have swagger like Jagger, China’s leaders have long enjoyed walking red carpets, waving before enthusiastic (if preorganized) crowds, traveling with large entourages, and speaking from stages adorned with crimson banners and […]

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