Why Clinton’s China Policy Puts More at Risk than Trump’s
The two confirmed presidential candidates we’ll have by the end of this week have little in common, except they’re both wealthy New Yorkers. Among the many differences between Hillary Clinton and Donald Trump, China policy ranks very high. How the…
Disarray in NATO Completes Obama’s Foreign Policy Legacy
As of Friday, when NATO concluded its most important gathering since the Cold War ended, the North Atlantic alliance has a full menu of new tasks. So does Barack Obama’s successor. With the Warsaw summit, Obama’s foreign policy legacy is…
The Defense Department is ruining America: Big budgets, militarization and the real story behind our Asia pivot
“Our defense contractors await your business.” That was the message behind Obama and Carter’s visits to Asia You have to tip the cap to Defense Secretary Carter. People in Washington spin things as a matter of course, as Ben Rhodes,…
The Pentagon Is Endangering Our Economic Ties With China
When China refused to allow the USS John C. Stennis to dock in Hong Kong 10 days ago, it got only modest mention in the news reports. Keeping the nuclear-powered supercarrier and its strike group out of a port where…
China Is Buying Up US Companies — Does Anyone Care?
During the late 1980’s, Americans were in a tizzy during the wave of Japanese corporate and real estate acquisitions. Well, here come the Chinese and, in all likelihood, here comes the tizzy. When Americans think of China, here’s what comes…
Here’s Why China’s Not the Global Economy’s Problem
China’s new annual economic report, which Premier Li Keqiang unveiled to the National People’s Congress over the weekend, recognizes the problems associated with China’s fundamental transformation—notably the danger of unmanageable debt spread through the system—but lands on the side of optimism….
Misreading China Leads to Another Foolish Market Rout
As the global rout in stocks last week reminds us, markets are always reliable. We can count on investors to overreact to events they don’t understand, including a plump scapegoat like China. By the S & P Global Broad Market Index,…
3 Major Lessons From the China Crisis That Wasn’t
Now that the stock market has ended its foolish careening in response to China’s modest, sensible adjustment in its exchange-rate mechanism, where are we? To borrow from Donald Rumsfeld’s famous observation about defense planning, there’s what we know, what we…
Why China’s Slowdown Will Lead to Sustainable Growth
In less than a week China’s modest, by-the-book devaluation of its currency appears to have escalated into a full-scale political crisis, complete with reports of a Mao-style purge of top leaders and tanks in Tiananmen Square. Suddenly, the world’s highest-flying…
Why a Drop in the Overvalued Yuan Won’t Start a Currency War
A week of mayhem in the financial markets, grandstanding lawmakers on Capitol Hill accusing China of “rigging the rules again”—all because the overvalued yuan depreciated toward a market rate in three dramatic trading sessions. Could we see some evidence of…
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