Thanks to the central government’s stabilization policies, Chinese enterprises have accelerated production to make up the inventory rather than slowing down production to digest the inventory. The macroeconomic operation will continue the rising trend and China’s GDP growth in 2013 may be faster than 2012.
Outgoing Chinese President Hu Jintao and incoming President Xi Jinping have both used the phrase “a new type of major power relationship” to describe their hopes for the future of US-China relations.
China’s increased defense budget, Zhao Xiaozhuo writes that China’s national strategy will continue to be peaceful development and its defense policy is defensive in nature.
The year 2013 brings a combination of continuity and change to the US-China relationship. As the United States and China complete their respective leadership transitions, Washington and Beijing must keep the communication lines open to address growing challenges.
Following North Korea’s third nuclear test, Dr. Andrei Lankov writes that China’s strategic goals for its rogue ally are defined by “three no’s.” Unfortunately for the international community, a nuclear North Korea rests at the bottom of this list.
Following a difficult confirmation process, Chuck Hagel has been sworn in as the 24th U.S. Secretary of Defense. Hagel faces many challenges including the DPRK nuclear threat, the dispute over the Diaoyu/Senkaku islands, and how to navigate the bilateral relationship with China.
With the proposal of the new power relationship concept, introduced by the Chinese leadership, many may tip in favor of a more balanced relationship for both sides as they agree to step away from power politics and instead aim to enhance international cooperation.
Mirroring foreign relations following World War II, it appears Japan is once again beholden to the US to preserve regional security. The US must toe a careful line between advancing Japanese interests and containing China.
The strategic impact of China’s takeover of the management of the Gwadar port should not be overly interpreted, writes Fu Xiaoqiang. The takeover is not an effort by the Chinese military to establish a military presence in a foreign land.
Over the past two decades, China’s image in Hollywood has progressed from a once foreign, inaccessible market to a key investment for major growth. As a result, moviemakers have seen the rapid sino-fication of movies to cater to a growing Chinese audience.
Tensions in US-China relations have not been eased by President Obama’s attempts to revitalize the American economy by establishing a free trade agreement with the European Union. As China has yet to become the United States’ preeminent trade partner, Colin Moreshead urges Beijing to make the first overture to improve trade between the world’s two largest economies.
25th January 2013
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