A Detroit trip would highlight the benefits of trade with his country. Not every American will like the idea that China has become crucial to the future of what’s no longer really the Motor City. But it’s easy to make the case that Chinese investment plays a significant part in protecting Detroit from something worse: […]
The US ‘rebalance’ to the Asia–Pacific has been under way since late 2011. Then Secretary of State Hillary Clinton wrote in October 2011 of a “strategic turn to the region…to secure and sustain America’s global leadership”, and President Obama’s speech to the Australian parliament in November 2011 gave a presidential imprint to the policy. So, almost four years […]
Over 2,000 years ago, the ancient Silk Road, a 7,000-km-long trade route created by camel-driving merchants, started to link China with Europe via central and west Asia. Today, the ancient invention still inspires both China and the United States when they work out their respective blueprints to promote regional development. Sprouting from the inspiration, the US “New […]
Premier Li Keqiang says that China’s economy remains a source of the world’s growth thanks to people’s zest for innovation, entrepreneurship and stronger international cooperation. China’s confidence is well-grounded and not “blind optimism,” the premier said in a speech at the World Economic Forum’s event in northeast China’s Dalian, known as Summer Davos. Read Here – […]
For Xi, even the slightest perception of a stumble is politically risky. In the two-and-a-half years since he came to power, his anti-corruption drive has turned many of his former comrades into bitter enemies. The bureaucracy, frozen in fear and outraged about the loss of many of its privileges, including entitlements to bribes, may well […]
If China is indeed making the transition it has long said it wishes to make, it would look like what we are now seeing. Both the IMF and the World Bank have in recent months pointed to compelling evidence that the transition is well under way, and it’s one of which they heartily approve. It’s […]
The good news is Xi is changing tack. Rather than just tossing more stimulus at the economy and stocks, he’s redoubling efforts to reform the inefficient and opaque state-owned enterprises at the root of so many of China’s vulnerabilities. In other words, Xi is finally working to strengthen China’s foundations rather than papering over the […]
China’s growth has slowed largely as a result of changes in its fundamentals: less favorable demographics, a shift in emphasis from exports and public investment to the service sector and domestic consumption, and lower demand from advanced economies. But China’s past success also contributed to this slowdown, in the form of higher wages, which narrow […]
China’s spectacular military parade on Thursday – the occasion of the 70th anniversary of the defeat of Japan in World War II – marks the coming of age of the modern Peoples Liberation Army. This was underscored by the announcement President Xi Jinping made that China would cut some 300,000 personnel from its 2.3 million […]
The current China conundrum lies in both economic and political dimensions, although much of the alarm about China’s economic downturn appears to be misplaced or overstated. China’s economic fundamentals essentially are solid. Multiple indicators point to a growth slowdown that remains broadly in line with the leadership’s game plan, and the authorities can draw upon […]
looking beyond borders 