Senior Fellow, Institute for China-America Studies
Jul 03 , 2018
As President Trump seeks to ramp up pressure on China by implementing additional tariffs, he and his administration may find the constraints of international law and WTO procedures hard to circumvent. Washington should suspend its tariff threat, sit down with President Xi’s reform-minded team and press for the further liberalization of China’s foreign direct investment and intellectual property rights regimes.
Mar 19 , 2018
The Section 232 measure is a highly unconventional and controversial one to restrain imports on the basis of their detrimental impact on U.S. national security. Worse, its employment against foreign trade partners, including China, is likely to be the first volley in an increasingly torrid summer of lethal trade pyrotechnics. The worst is yet to come.
Sep 25 , 2017
Going forward, as Brazil, Russia, India, China and South Africa set forth a broad and compelling vision for the next ten years, that vision must be informed by the principles, purposes, associations and ambitions that guided them through their first decade of collaboration and partnership.
Jul 25 , 2017
The Modi government must reflect on the political drivers that have incited China to construct a road of marginal military value against a charged political backdrop. Hard as it might appear on surface to comprehend, the standoff is only secondarily about territory; principally, it is about the politics of the bilateral relationship.
Jun 05 , 2017
Much as the relocation of East Asia’s labor-intensive industry to lower-wage China stirred a virtuous economic cycle that went much beyond mere capital accumulation, so also China-Africa production capacity cooperation and transfer can create a sum bigger than its parts. Far from being a new form of colonialism, as the critics have panned it, the transfer of industrial capacity and world-class infrastructure will reduce transaction costs in Africa. But success abroad must first begin at home.
Feb 17 , 2017
Mr. Tillerson betrays a lack of understanding of the U.S. position on the sovereignty claims in the South China Sea. As a matter of policy, the U.S. takes no position – and hasn’t for decades – on these rival claims. If the Secretary of State has the chance to encounter 96-year Li Jingsen on his next visit to Beijing, he might learn that the warships sent by China to recover the islands in 1946 were even provided by the United States.
Nov 30 , 2016
Donald Trump’s unabashed pandering to an aggrieved white voter base as well as the long-standing consistency of his (much less-noticed) anti-trade convictions bear implications for Washington’s China policy. As the disillusioned, blue-collar nativist element within slowly defects from a party that remains bound and determined to cater to the interests of its 1% backers, including under the incoming Trump Administration, U.S. politics will enter a period of flux.
Oct 31 , 2016
The current international monetary order is failing to provide the necessary tools to cope with episodes of capital flow volatility. In the short term, the BRICS countries should step in and take steps to address this issue. In the long run, they should seek to reform the monetary system and promote international financial stability.
Aug 22 , 2016
The arbitral panel had an opportunity to chart a constructive approach to one of the foremost legal questions of the Asia-Pacific. However, where it should have chosen to foster mutually cooperative tendencies on ill-understood provisions of the law, the award performed a disservice with consequences that will reverberate for a considerable time to come.
May 24 , 2016
The U.S. Treasury department has released a report on currency policy and trade between its major partners, selectively picking rules from the IMF’s list of currency manipulations actions to its advantage. To fix the porous global currency system, the Obama Administration should sit down with China and re-write multilateral rules and create a diverse supply of safe globally traded assets.