It has been almost one month since the standoff started on April 10, 2012 between the Philippines and China at the waters around at Huangyan Island (Scarborough Shoal). This standoff raises a new round of debate on the dispute between China and other claimant states on both the sovereignty and maritime jurisdiction.
For too long, the United States has allowed its fixation on the renminbi’s exchange rate to deflect attention from far more important issues in its economic relationship with China. For a growth-starved US, the opportunities for access to China’s markets far outweigh the currency threat.
On 3-4 May 2012 the United States and China convene their 2012 “Strategic and Economic” Dialogue. As the two powers and governments meet in Beijing for two days of intensive discussions and negotiations over a wide range of complicated issues, much uncertainty surrounds the relationship.
In an exclusive interview, Ambassador J. Stapleton Roy speaks about China’s increasing influence in international institutions and the idea of international structural change. Since the collapse of the Soviet Union, the US is generally perceived as the sole super power nation. This notion has changed as the rise of many developing countries start to participate more actively in international affairs. He envisions China’s role in selecting heads of IMF and the World Bank will increase.
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