The risk of a military confrontation between China and Vietnam is rising, as both countries vie for influence in Southeast Asia and claim disputed areas of the South China Sea. Joshua Kurlantzick explains how the United States should seek to defuse tensions and help avert a serious crisis.
Scott Snyder and See-won Byun write that President Park Geun-hye's participation in China's seventieth anniversary celebrations of the end of World War II in September affirmed Seoul's ties with Beijing. The escalation of inter-Korean tensions in late August, however, revealed the dilemmas underlying Seoul's regional diplomacy that continue to undermine coordination on North Korea and other security challenges.
Today there is an emerging two China question centering on the future of the country and whether China is best understood as a strong country, one with a promising future despite some short-term difficulties, or whether China’s troubles are structural, with the result that it is in real trouble and its future in some doubt. In short, two very different Chinas.
A surge in Chinese economic and diplomatic involvement in South Asia poses a serious rival for Indian influence in its neighborhood, and could finally unlock the region’s potential, write Ashlyn Anderson and Alyssa Ayres.
Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that China’s request to include its currency, the renminbi (RMB), in an International Monetary Fund (IMF) currency basket, known as special drawing right (SDR), is political as much as economic in intent and effect. The inclusion would signal a milestone in China’s transition to a less-regulated economy.
Earlier this month, the U.S. Commerce Department reviewed its tariffs on imported Chinese solar panels, originally imposed in 2012 in retaliation against Chinese subsidies and below-market pricing, and opted to maintain the total tariff burden on most panels.
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