Experts discuss recent developments in the Chinese economy.
Experts discuss recent developments in the Chinese economy.
The odds of an economic hard landing for China remain low, but continuing stock volatility could set back critical market reforms, says expert Stephen Roach.
China’s Ministry of Environmental Protection is taking steps to clean up soil contamination. Elizabeth Economy looks at its new action plan and the scope of China’s soil pollution challenge.
Elizabeth C. Economy and Michael Levi explore how Chinese demand drive global commodity prices, the broader implications of the Chinese slowdown for the global economy and regional security, and consequences of China’s resource quest for the world’s resource-producing states and industries.
The Shanghai Cooperation Organization is expected to welcome India and Pakistan as full members at its fifteenth annual summit in Ufa, Russia. CFR's Elizabeth C. Economy and William Piekos weigh the rewards and risks of expansion.
National People's Congress of China released this draft text on July 6, 2015, and it will be available for public comment through August 2015. The law outlines the Chinese government's goals for security standards for technical systems, networks, and user data. It requires companies with operations in China to comply with government requests for regulating and restricting technology use. See also the broader National Security Law passed on July 1, 2015.
National People's Congress in China passed this law on July 1, 2015. It outlines the government's authority to respond to threats to China's assets and activities in its borders and territories, as well as in cyberspace, space, the deep sea, and polar regions. The law also establishes a national security leadership system for crisis management. On July 6, 2015, the National People's Congress released the text of its proposed Cybersecurity Law that provides additional guidance on technology security standards.
Yanzhong Huang argues that despite higher government spending, public hospitals remain a hindrance to genuine healthcare reform in China.
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.
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.
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.
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.
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.
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.
What does it mean to be Chinese? A strong tradition in premodern China held that it meant thinking, behaving, and living in a society in accord with heaven-sanctioned principles exemplifying the best way to be human.
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.”
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.
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.
Experts discuss the Chinese economy and how President Xi Jinping's strategy might affect global markets.
In this op-ed, coauthored with Ira Belkin, Cohen argues that a draft law targeting foreign institutions — including universities, museums, athletic and cultural groups, professional associations and all nonprofit social organizations established outside of mainland China — makes clear that Beijing has become much less welcoming.