Both are accurate. China certainly "has risen" to become a global economic power: in only three decades, it has transformed itself into the world's second largest economy, largest exporter, and largest provider of loans to the developing world. At the same time, China is rising: its economic and political system, as well as its foreign policy, is still developing. To state categorically that China "has risen" is to accept that the China of today will be substantially the same as the China of five to ten years from now, and few people in or outside China would accept such a conclusion.
Elizabeth C. Economy says corruption and the failure to develop rule of law in China now define much of the country's political and economic life. With Xi Jinping poised to take over, the focus should be on significant political reform.
Politician Bo Xilai's sudden fall from grace unmasks long-discussed corruption within the political ranks and undermines a smooth leadership transition for the Communist Party, says CFR's Elizabeth Economy.
The U.S. move to launch a case against China at the WTO over its cap on exporting rare earth metals is the latest international effort to hold China accountable to international trade standards, explains CFR's Elizabeth Economy.
China's search for food and land in Southeast Asia, Latin America, and Africa, reflects the country's pressing scarcity of water. China's approach has set off alarm bells in the region and the United States should work actively to address China's water security needs, argues Elizabeth Economy before the House U.S.-China Economic and Security Review Commission.
In the next round of the U.S.-China Strategic and Economic Dialogue, underway now, the two sides face difficult diplomatic issues but also a chance to jumpstart engagement on military and cybersecurity matters, writes CFR's Elizabeth Economy.
The Obama administration scored some successes on human rights and trade during Chinese President Hu's just-concluded state visit, but there were no breakthroughs on currency and other issues, says CFR's Elizabeth Economy.
A series of frank statements by U.S. officials before the upcoming summit with Chinese president Hu Jintao provides an important new footing for advancing cooperation between the two countries, says CFR's Elizabeth Economy.
This study examines low-carbon technology innovation and absorption in China, India, and Brazil. It recommends a course for U.S. policy that promotes accelerated innovation and adoption of new technologies while protecting U.S. commercial interests.