In testimony before the U.S.-China Economic and Security Review Commission, Elizabeth Economy discussed the economic components of the “rebalance to Asia” and its prospects going forward. She recommended that the U.S. Congress ratify TPP, continue to support the Ex-Im Bank, and increase support for NGO operations across the Asia-Pacific in fields such as legal education and anti-corruption that help promote good economic governance. She also called for greater coordination between commercial diplomacy and strategic economic plans and greater support for the proposed U.S. New Silk Road initiative.
A frank conversation between China and the United States about the future of the Korean peninsula could pave the way for greater cooperation to stymie North Korean nuclear ambitions, writes CFR’s Scott Snyder.
Benn Steil’s op-ed in the March 30 edition of the Wall Street Journal, co-authored with Emma Smith, looks at presidential campaign charges that China is engaged in “currency manipulation” to boost net exports. They show that the aims of China’s pegged exchange rate regime have varied over the past two decades, and have not always been mercantilist. In recent months, with capital flowing out of China at a prodigious rate, its interventions have been to keep its currency up—not down. Launching a trade war with China over currency management, as Donald Trump and Bernie Sanders intend, would therefore be nonsensical—as well as damaging to U.S. interests.
In light of China’s deepening economic slowdown, “China’s foreign policy may well be driven increasingly by the risk of domestic political instability,” write Robert D. Blackwill,Henry A. Kissinger senior fellow at the Council on Foreign Relations (CFR), and Kurt M. Campbell, the Asia Group’s chairman and chief executive officer, in a new Council Special Report. “Economic growth and nationalism have for decades been the two founts of legitimacy for the Communist Party, and as the former wanes, [Chinese leader Xi Jinping] will likely rely increasingly on the latter.”
Robert D. Blackwill and Kurt M. Campbell analyze the rise of Chinese President Xi Jinping and call for a new American grand strategy for Asia that "seeks to avoid a U.S.-China confrontation and maintain U.S. primacy in Asia."
On February 23, 2016, Chinese Foreign Ministry Spokesperson Hua Chunying spoke at the daily press conference about Chinese Foreign Minister Yi's visit with U.S. Secretary of State Kerry and territorial disputes in the South China Sea and with Taiwan.
In this op-ed, Cohen describes the mounting frustrations among certain judges, lawyers, and other legal professionals as ideology and politics continue to take precedence over the rule of law in China.
In this op-ed, published following the visit of outgoing Taiwanese president Ma Ying-jeou to Taiping Island in the South China Sea, Cohen outlines how peaceful initiatives could be developed on the island to help address tensions in the South China Sea and other parts of East Asia.
What will China’s economic slowdown mean for the globe? The Maurice R. Greenberg Center for Geoeconomic Studies and the Asia Studies program at the Council on Foreign Relations convened a group of experts in economics, finance, government, political science, and military affairs to find out.
Joshua Kurlantzick looks at the international and domestic factors within China that appear to be behind the rising pace of abductions and deportations, a significant signal that China’s economic, diplomatic, and military might is simply becoming too much for many Southeast Asian nations to resist.
Daniel Markey discusses the “comprehensive assessment of one of the world’s most consequential, peculiar , and poorly understood bilateral relationships” found in Andrew Small’s The China-Pakistan Axis: Asia’s New Geopolitics.
The president of the United States will have to deal with a rising and more assertive China on a wide range of issues, including Asia-Pacific security, trade, and cybersecurity. U.S.-China relations will likely continue to be a mix of competition and cooperation. The central question for bilateral relations is: Can the world’s two largest economies avoid increased competition and even conflict?
The September China-South Korea summit in Beijing catalyzed the resumption of trilateral talks with Japan in October and the launch of the China-South Korea free trade agreement in December. Beijing’s Korean engagement also included a visit to North Korea in October by Chinese Politburo Standing Committee member Liu Yunshan for 70th anniversary celebrations of the founding of the Workers’ Party of Korea (WPK). Despite new initiatives to expand economic cooperation, Pyongyang’s apparent defiance of Chinese diplomatic efforts on denuclearization suggests further difficulties in China-North Korea relations.
In this op-ed, Cohen discusses the challenges faced by rights lawyers in China in deciding whether they are most effective by advocating within the existing framework of laws or by trying to push against the Chinese Communist Party's control of the legal system.
Learn more about CFR’s mission and its work over the past year in the 2016 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »