Although in 2014, it appears China will be adhering to a “prudent” monetary policy and working to balance its finances, the world’s number two economy will still face considerable challenges, such as rising credit and an appreciating currency.
2013 was an important year for Sino-U.S. relations including many high-level visits and summits. However, in 2014, four ‘events’ may determine future relations. Qian Liwei explains the importance of the APEC Summit, Ambassador Baucus, BIT agreements and territorial disputes.
While China’s refusal of genetically modified corn crops from the United States has gained attention in recent months, Colin A. Carter explains that as China moves from a major corn exporter to importer, it will require more sources of the crop and ultimately approve more biotech corn products.
Lasting 40 days and putting American holidays to shame, travel during this year’s Chinese New Year celebration is expected to top 3.6 billion trips or segments and will be the world’s largest human migration. It is essential to understand and respect this part of Chinese culture in the Year of the Horse.
Over the last two decades, a consensus about China’s growth model has emerged, with observers arguing that a shift to an intensive, efficiency-driven growth is essential. But empirical research reveals a critical flaw in this assessment – namely, that annual efficiency gains in China far exceed those of the US.
Is China engaging in a modern day version of dollar diplomacy? As Fernando Menéndez explains, China’s use of political and economic influence mirrors the previous intervention of the United States in Central America and the Caribbean.
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