Asia and Pacific

Primary Sources

Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB)

Finance ministers from fifty-seven countries met in Beijing in October 2014 and signed a memorandum to establish the Asian Infrastructure Investment Bank (AIIB), which will focus on funding infrastructure to boost economic development in the Asia Pacific region. The Articles of Agreement were opened for signature on June 29, 2015 and must be ratifed domestically by December 31, 2016.

See more in Asia and Pacific; Banks and Banking

Op-Ed

Brad Glosserman and Scott Snyder: How to Defeat the 'Korea Fatigue'

Authors: Scott A. Snyder and Brad Glosserman
Asahi Shimbun

The Japan-South Korea relationship steadily improved in advance of parallel ceremonies marking the 50th anniversary of the normalization of their diplomatic relations on June 22. In recent weeks, ministerial-level bilateral contacts resumed between economic and defense ministers, and the top leaders made positive remarks about prospects for the relationship.

See more in Japan; South Korea; Diplomacy and Statecraft

Other Report

Middle-Power Korea

Authors: Colin I. Bradford, Toby Dalton, Brendan Howe, Jill Kosch O’Donnell, Andrew O’Neil, and Scott A. Snyder

South Korean opinion leaders have increasingly investigated the idea of the ROK as a middle power as a primary framework for evaluating the opportunities and constraints arising from its emerging international role. The essays commissioned in this volume provide an initial evaluation of South Korean efforts to make substantive contributions to the international agenda as a middle power.

See more in Asia and Pacific; Politics and Strategy

Article

Mutual Respect for International Laws Can Keep the Peace Between China and the U.S.

Author: Jerome A. Cohen
U.S.-Asia Law Institute

Although China’s increasingly “assertive” international conduct has naturally stirred widespread concern in both Asia and the US, especially regarding the South China Sea, an overview of Beijing’s foreign policy suggests a less alarming perspective. In some major subjects, such as environmental pollution and climate change, there are good prospects for Beijing’s cooperation with the United States and other nations.

See more in United States; China; Diplomacy and Statecraft

Foreign Affairs Article

China’s Soft-Power Push

Author: David Shambaugh

As China’s global power grows, Beijing is learning that its image matters. For all its economic and military might, the country suffers from a severe shortage of soft power. According to global public opinion surveys, it enjoys a decidedly mixed international image.

See more in China; Energy and Environment

Foreign Affairs Article

The End of Reform in China

Author: You Wei

Since the start of its post-Mao reforms in the late 1970s, the communist regime in China has repeatedly defied predictions of its impending demise. The key to its success lies in what one might call “authoritarian adaptation”—the use of policy reforms to substitute for fundamental institutional change. 

See more in China; Regime Changes

Foreign Affairs Article

Embracing China's "New Normal"

Author: Hu Angang

It is clear by now that China’s economy is set to slow in the years to come, although economists disagree about how much and for how long. Last year, the country’s GDP growth rate fell to 7.4 percent, the lowest in almost a quarter century, and many expect that figure to drop further in 2015. Plenty of countries struggle to grow at even this pace, but most don’t have to create hundreds of millions of jobs over the next decade, as China will.

See more in China; Economics

Foreign Affairs Article

China's Dangerous Debt

Author: Zhiwu Chen

In September 2008, when Chinese President Hu Jintao got word that Lehman Brothers, then the fourth-largest U.S. investment bank, was on the verge of bankruptcy, he was traveling by van along the bumpy roads of Shaanxi Province. Surrounded by policy advisers and members of the Politburo, Hu asked them how China should respond to the inevitable spillover.

See more in China; Budget, Debt, and Deficits

Foreign Affairs Article

China Will Get Rich Before It Grows Old

Author: Baozhen Luo

At a conference on the Chinese economy in 2012, Cai Fang, a demographer at the Chinese Academy of Social Sciences, issued a dire warning: “There’s now no doubt China will be old before it is rich.” He was expressing a view widely held by economists and China watchers. Over the past 65 years, life expectancy in China has more than doubled, from 35 years to roughly 75, as the fertility rate has plunged. Many fear that if these trends continue, China’s population will age faster than the country can accommodate.

See more in China; Population

Foreign Affairs Article

Xi's Corruption Crackdown

Author: James Leung

In a series of speeches he delivered shortly after taking office in 2012, Chinese President Xi Jinping cast corruption as not merely a significant problem for his country but an existential threat. Endemic corruption, he warned, could lead to “the collapse of the [Chinese Communist] Party and the downfall of the state.”

See more in China; Corruption and Bribery

Foreign Affairs Article

China’s Race Problem

Author: Gray Tuttle

For all the tremendous change China has experienced in recent decades—phenomenal economic growth, improved living standards, and an ascent to great-power status—the country has made little progress when it comes to the treatment of its ethnic minorities, most of whom live in China’s sparsely populated frontier regions.

See more in China; Ethnicity, Minorities, and National Identity

Testimony

China's Future–and Our Own

Author: Jerome A. Cohen

In his testimony before the House Foreign Affairs Subcommittee on Asia and the Pacific, Jerome A. Cohen argues that China would benefit at home and abroad by demonstrating increasing respect rule of law, while the United States, by striving harder to set a good example, could do much to improve not only its own society but also its standing in China and the world.

See more in China; Defense Strategy; Economics