The People’s Bank of China has been pursuing capital-account liberalization at an increasing rate since 2009. But Chinese policymakers should recognize the significant risks inherent in relaxing capital controls – risks that imply the need for a more cautious approach.
North Korea’s satellite launch and subsequent nuclear test has greatly increased concerns that conflict could quickly spread across the Korean peninsula. Ted Galen Carpenter writes that without meaningful concessions by the United States, China will continue to give Kim Jong-un a free pass and limit the enforcement of UN sanctions.
Thirty-four years after President Carter signed the Taiwan Relations Act, US arms sales to Taiwan continue to impede the positive development of Sino-US relations. However, with peaceful cross-Straits relations, Wu Zurong argues it’s time to stop interfering in China’s internal affairs and allow US relations with both China and Taiwan to flourish.
President Xi Jinping’s state visit to Russia, Tanzania, South Africa and the Republic of Congo, and his participation in the fifth BRICS summit in Durban has sparked speculation over China’s diplomatic inclinations among some circles overseas.
Fire-control radar row is Tokyo’s attempt to get more overt outside support and push for constitutional change.
According to Chinese news reports, urbanization could add 400 million more people to the current Chinese urban population in the next decade. Ding Yifan writes that this will objectively promote the further liberalization of China’s domestic capital markets, driven by comprehensive reform.
Even though the Western media attacks it as a form of Chinese neo-colonialism, the China-Africa relationship has in the past decade moved steadily and rapidly forward despite interferences.
As the large emerging economies met at this year’s BRICS Summit in Durban, South Africa, they focused on proposals for a BRICS development bank and the future of the global economy in an attempt to counter reduced growth prospects.
What has emerged from the 2013 National People’s Congress was far different in tone from the usual emphasis on the growth imperative, writes Damien Ma.
Reflecting on lessons from Sun Tzu’s “The Art of War,” Tom Watkins urges the US leadership to find a balance between military spending and domestic priorities lest history repeat itself.
India should welcome Chinese President Xi Jinping’s “five-point proposal” for Sino-Indian relations, for it recognizes the two countries’ growing economic relationship and global cooperation. This would be a good starting point for Indian Prime Minister Manmohan Singh’s conversation with Xi at this week’s BRICS summit.
25th January 2013
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