Xi’s State Visit Gives Obama’s Opportunity to Make History
Aug 28, 2015
For most of his administration, Obama’s foreign policy followed the disastrous course left by his predecessor combined with his desire to offend the least number of his Congressional critics. George Koo provides four suggestions for Obama to make a positive course correction.
Why It is a Loser’s Game to Bet Against China’s Leadership
Aug 28, 2015
Moderating growth rates in the range of 5-7% per annum reflect the higher per capita income level and the changing growth paradigm in China. A modest slowdown is a necessary and healthy adjustment for China to transition to a new trajectory of more efficient and sustainable growth. But instead of greeting such a positive "new normal" with enthusiasm, the naysayers have reacted with dismay as though they would rather prefer the old growth model.
Why Fuss over RMB Depreciation?
Aug 28, 2015
The shifting exchange rate reflects the strength of the dollar, not weakness of the RMB. The two nations and business communities should focus on identifying the complementary sectors and products of the two countries and seeking a sustainable pattern of stable growth based on mutual benefit.
            
Finance & Economy
China’s Changing Reform Landscape Calls for New Reform Incentives
Aug 27, 2015
China has entered into a crucial period of comprehensive deepening of reform. Reform carried out in some areas has already addressed quite a few chronic problems. Other major reform initiatives are under deliberation as well.
Finance & Economy
RMB Exchange Rate Will Become More Volatile
Aug 27, 2015
For the Chinese monetary authorities, how to allow the market to determine the RMB exchange rate while preventing the depreciation from sparking a rout is a serious challenge. For the rest of world, how to cheer China on to let go the RMB exchange rate while watching RMB depreciation in a quite manner is an equally serious challenge.
Finance & Economy
China’s Complexity Problem
Aug 26, 2015
Tectonic shifts are occurring in the economy, financial markets, geopolitical strategy, and social policy. The ultimate test may well lie in managing the exceedingly complex interplay among these developments. Is China’s leadership up to the task, or has it bitten off too much at once?
Foreign Policy
Variables Affect the US Grand Strategy Toward China
Aug 21, 2015
The view of mainstream Americans about China is the key to formulating any US grand strategy toward Beijing. Today, while some domestic politics has negative effects, we need more dialogues to enhance transparency and control third-party factors with prudent management and precaution.
Finance & Economy
One Belt, One Road: A New Source of Rent for Ruling Elites in Central Asia?
Aug 20, 2015
Although One Belt, One Road is hailed as one of the grandest flagship projects of Beijing, it may have a bumpy start in Central Asia. Corruption scandals may overshadow laudable development achievements, whilst the new Silk Road may emerge as the Golden Road for kleptocratic governments and rent-seeking elites.
Energy & Environment
Pull Together and Cooperate Closely for Win-Win: China’s Enhanced Actions on Climate Change
Aug 25, 2015
Achieving the environmental goals presented to the UN not only can help China effectively control greenhouse-gas emissions and address global climate change, it will lay a good foundation to improve the ecological environment especially air quality. That creates an inspiring model for other nations as the Paris climate change conference approaches, where success depends on respect for developing nations varying capacities to make change and a spirit of cooperation, not confrontation.
Foreign Policy
The Paradox of Abe’s Speech
Aug 25, 2015
Only when people with vision in Japan take positive actions, and the entire international community successfully urge Japan to adopt a correct reading of history, will Japan’s relations with its East Asian neighbors be able to move forward into an era of mutual trust and respect.
Foreign Policy
China-ASEAN Hotlines: the Best Fruits in an ‘Early Harvest’
Aug 20, 2015
Beyond search-and-rescue cooperation and crisis management, creating hotlines between China and the 10 ASEAN countries would carry a no less important symbolism: the consensus that the South China Sea issue is not an issue between them as a whole.