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China’s declining GDP has sent shockwaves through the financial sector as analysts begin to question China’s long-term economic strategy. As Minxin Pei points out, “zombie firms,” or companies primarily supported through bank loans and government subsidies, are complicating China’s sustained growth. By eliminating these firms and instituting reforms, China can bolster innovation and ensure the opening of its economic markets.
The state of security in Northeast Asia will be counteractive to the state of Sino-US relations. Thus, increased cooperation in Northeast Asia will also provide a favorable opportunity and important platform to cultivate a new type of relations between China and the United States.
The victory of Nawaz Sharif and the Pakistan Muslim League (PML) – Pakistan is likely to be more focused on economic development in the future, thanks to the transformative campaign of Imran Khan and his Tehrik-e-Insat (PTI) party. That, in turn, has substantial implications over U.S. and Chinese interests in South Asia.
From nationalizing disputed territory to visiting controversial war shrines and justifying the egregious treatment of women in wartime, aggressive actions and over-the-top statements by Japanese politicians will only exacerbate future problems between China and Japan.
The close timing of visits to China by Israeli and Palestinian leaders renewed hope for peace in the Middle East. While the US has played the dominant role in past negotiations, Wu Sike argues the international community can benefit from cooperation on the issue by China and the US.
2011 China-United States Exchange Foundation. All rights reserved.
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