China's pursuit of natural resources is restructuring markets, pushing up commodity prices, and transforming resource-rich economies. Elizabeth C. Economy and Michael Levi explore the unrivaled expansion of the Chinese economy and the global effects of its meteoric growth.
After the latest high- level dialogue with China on economic, security, and environmental issues, CFR's Elizabeth C. Economy says Washington should prioritize effective rule of law in China. Virtually every other issue hinges on that, she says.
On the twentieth anniversary of China's Tiananmen Square crackdown, six experts reflect on the country's trajectory since then. Many note China's breathtaking economic growth as well as mounting strains caused by a lack of political reforms.
Elizabeth Economy, CFR's director of Asian Studies, says that China's economy is now "losing steam very quickly" and that the "global economic crisis is going to make it much harder for China to address its own domestic economic problems."
CFR’s Elizabeth C. Economy says there are increasing calls for more democracy in China and the Communist Party Congress will have to deal with who will become the so-called “fifth generation” of Chinese leaders.
China's environmental woes are mounting, and the country is fast becoming one of the leading polluters in the world. The situation continues to deteriorate because even when Beijing sets ambitious targets to protect the environment, local officials generally ignore them, preferring to concentrate on further advancing economic growth. Really improving the environment in China will require revolutionary bottom-up political and economic reforms.