Other Report

Global Economics Monthly: August 2015

Author: Robert Kahn

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. 

See more in China; Economics


China's Economic Readjustment

Speaker: Nicholas Lardy
Speaker: David Daokui Li
Speaker: Gao Xiqing
Introductory Speaker: Zheng Xinli
Presider: John Bussey

Experts discuss recent developments in the Chinese economy.

See more in China; Economics


By All Means Necessary: How China’s Resource Quest Is Changing The World

Authors: Elizabeth C. Economy and Michael A. Levi
All China Review

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.

See more in China; Financial Markets; Environmental Policy

Primary Sources

Cybersecurity Law of the People's Republic of China

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.

See more in China; Cybersecurity; Internet Policy

Primary Sources

National Security Law of the People's Republic of China

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.

See more in China; Homeland Security; Organization of Government


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