Controversies over too-big-to-fail financial institutions continue to mount. The Basel Accords represent the latest effort to ease risk and restore confidence, as this Backgrounder explains.

China is transforming its People’s Liberation Army into a leaner, modernized force, raising U.S. concerns over Beijing’s long-term military goals.

Taiwanese President Chen Shui-bian is continuing to take steps toward Taiwan independence that are seen as provocative and unwelcome by Beijing and Washington. But experts say his actions are driven …

Trade relations between the United States and China have provided enormous benefits to both countries. But a growing U.S. trade deficit, China’s regulation of its currency, and concerns over intellec…