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.
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.
CFR's Elizabeth Economy says it is "not unreasonable" to seek binding commitments from China and India on emissions that would take effect a decade from now. She also recommends decoupling China from other developing nations in climate negotiations.
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.
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.
Elizabeth Economy, the Council's senior fellow for Asia, says that when President Hu Jintao of China meets President Bush at the White House next Thursday, the administration would like to see some progress on "sticky security issues" like North Korea and Iran. But she does not expect to see much help from China on these questions.
"The United States, the European Union, Japan, and Canada, among many other countries, have long been deeply involved in assisting China's environmental protection effort. The question is not what more the outside world needs to do but what Beijing is prepared to do."
Environmental activists have long been at the forefront of civil society development in China, despite the resistance of the Chinese leadership. But given the high importance of pollution to the Chinese people, it is time for Beijing to rethink its top-down approach to environmental governance, says Elizabeth Economy.