The past two years witnessed the Chinese leadership enunciating a “Chinese Dream” visions for the nation and offering to share the prospects of prosperity and stability with the entire Asia Pacific region and beyond.
China has become one of the world’s most important investors and capital exporters, stepping into a new phrase of “GNP” from “GDP” and reversing the mechanism of capital-free flow. So it is imperative to speed up the opening of its capital account.
There is no denying that elements of competition exist in China-U.S. relations, but strengthening bilateral cooperation still forms the heart of the two countries’ policies towards each other.
After heated discussions, even confronting debates, the 7th S&ED has still achieved more than 190 results, which clearly illustrates the solid base for bilateral relations.
The China-Pakistan Economic Corridor plans connect China to the Persian Gulf through the quickest route. This huge investment can be transformational for South and Central Asia if Pakistan can improve upon its lackluster performance in FDI absorption and transparent governance.
SDR inclusion will mean an endorsement of the renminbi as an international reserve currency, and at the same time, the Chinese government will have the power and capacity to steer and manage the renminbi exchange rate.
Not so long ago, China’s A-share index lingered around 2,000. Before last week’s plunge, it closed at 5,200. In the short-term, the market will remain volatile, but just as China’s economy hasn’t emulated typical market fluctuations, its potential should prevail in the long term.
Talks on the bilateral investment, the South China Sea and military-to-military relations should help leaders and people in both countries confidence in each other and make China-US relations stand the test of challenging times.
China’s challenges – pollution, corruption, and the economy – have imbued the reform efforts necessary to lead to unpredicted innovation, both by Internet companies and a vast provision of international infrastructure projects.
A major piece in the most recent weekend edition of the Wall Street Journal points out that it’s time to rethink about the U.S. relations with China. This thought provoking article is extremely timely and the issues raised are critical to the future of both countries.
With the support of Russian resources, China is emerging as a much stronger player in Central Asia. States in the region may exploit this Sino-Russian rapprochement in order to advance their own goals, receiving security and funding from Moscow and Beijing, while not being required to change political regimes.
Historic gains in the Shanghai and Shenzhen A-share stock markets are causing some Western analysts to speculate that the growth is being driven by irrational behavior. There are both institutional and individual explanations for this over-confidence, which will need to monitored if the market contracts.
The recent initiative provides the possibility for RMB internationalization to grow deep roots, but that global outreach could be a “double-edged sword.” Exchange-rate fluctuations will mean greater exchange risks for enterprises, but the RMB cross-border settlements could also help enterprises to hedge exchange-rate risks.
Despite obstacles, the White House continues to push preferential trade deals in Asia and Europe. But neither can reverse the erosion of U.S. innovation and in Asia Pacific the proposed pact is more likely to divide than unify the region.
With trade deals on the horizon, President Obama has asked Congress to grant him trade promotional authority, also called fast track, to ‘‘write the rules for the world’s economy.’’ This measure would allow the President to pass sweeping trade partnerships without the input of the American people through their elected representatives in the normal process.