As the Abe administration aims to build up Japan’s military, Jin Ying urges the public to pay attention to the changes and be wary of the consequences if Japan continues this rapid militarization.
China’s central bank will not change its monetary policy in the near future, but will rather keep a steady but tight policy to get both credit and monetary growth back on track. This could be the keynote of China central bank monetary policy for 2014, writes Yi XIanrong.
Many Latin American countries have experienced record levels of growth in the last decade due to high prices of commodities, however, few planned for the future. As China slows and US desire for petroleum lessens, the economies of many Latin American countries that have failed to diversify their economies away from a single commodity are slowing drastically.
The crisis in Ukraine is geopolitically important for the US; however, it will not derail the US “pivot” to Asia-Pacific. The US will continue to “pivot” towards Asia-Pacific through increased troop deployments, an increased role in conflict mediation, as well as through the promotion of stronger regional alliances in an attempt to contain a growing China.
Wu Zurong urges President Obama to encourage Japan to refrain from its path of reviving militarism and instead to seek solutions through peaceful negotiations.
A major trend accompanying the multi-polarization of the international political economy is the eastward shift of the world’s economic and political gravity center, from the two sides of the Atlantic to the Asia-Pacific, writes Cui Liru.
The just concluded visit of US Secretary of Defense Chuck Hagel to China may send a signal that developing a new type of major power relationship is not a near-term possibility. The zero-sum Cold War mentality of Washington elites, together with present-day alliance structures, may prove an insurmountable barrier, writes Clifford A. Kiracofe.
In late February, the gradual appreciation of the renminbi was interrupted by a 1% depreciation. The resulting international outcry obscured a troubling feature of China’s exchange-rate policy: the tendency for sporadic renminbi appreciation (even small movements) to trigger speculative inflows of “hot” money.
The United States, the world’s cyber power, and China, the emerging cyber power have convergent and divergent views on many cyber related issues that many times leads to conflict between the two. In the future, an increased level of communication will lead to mutual trust in handling many of these issues, and will aide in the effect rule making process.
What’s on President Barack Obama’s agenda in Asia? As U.S. Secretary of Defense Chuck Hagel’s trip to the Asia-Pacific comes to a close, Mel Gurtov turns his attention to Obama-s four-country trip at the end of April and highlights its significance for US alliance politics in Asia.
Analysts expecting a large crash of the Chinese economy will be disappointed, writes Yu Yongding, as China has, in fact, faced far worse financial difficulties. While the country’s current problems aren’t as severe as those it faced in the late 1990’s or early 2000’s, problems do persist and the margin for error is rapidly reaching its economic limits.
Yu Sui hopes that Chuck Hagel’s current trip in China can provide positive momentum for the formulation of the new-type major-country relationship between China and the United States.
Following issues in Crimea, the topic of “core national interests” continues to emerge as a critical point in geopolitics. As Stephen Harner explains, it is necessary for the United States to follow China’s lead and define its own core interests. By eliminating any uncertainty over national priorities, both nations can continue seeking “A New Type of Great Power Relations.”
Economic, trade and investment cooperation between China and the United States will make key contributions to an effective APEC and to the rest of the world, writes He Weiwen.
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