U.S. and China: Co-dependent Trade Rivals
Chinese exporters had a whacking great December, posting a year-to-year gain of 14.1 percent and giving China its first annual trade surplus in four years. The U.S. trade deficit grew by 15.8 percent in November, led primarily by imports of…
As Asian Economies Grow, American Influence Shrinks
INCHEON, South Korea—Whoever wins the presidential election this week will have to acknowledge that the Asia we forgot about when we started our wars in Afghanistan and Iraq a decade ago is no longer there. The Asia we now purport…
U.S. China Policy: Incoherent and Dangerous
The cement is hardly dry on America’s new policy to forge new Asia-Pacific alliances, and already the post–Iraq endeavor is coming across as a collection of incoherent contradictions. Consider: *We say we want to build closer ties with China, but…
U.S.-China: Obama Foolishly Taunts the Dragon
The most striking outcome of President Obama’s busy crisscrossing of the Pacific last week is this: The U.S. is now going to station 2,500 Marines in Australia and develop (it hopes) a trade-enhancing organization called the Trans-Pacific Partnership, or TPP….
Europe: The Strings Attached to a Chinese Bailout
Will your children—or maybe even you—someday find it perfectly natural to put the household savings into the Chinese yuan because it is the world’s safest, steadiest currency? That thought would have been unimaginable even a few months ago. Now we…
Trade: How China Is Big-Footing U.S. Companies
General Motors, which has been making Buicks and other cars in China since 1998, wants to sell its new Chevrolet Volt, an electric hybrid, on the mainland. That’s fine, Beijing says, if Chinese companies get to share three of the…
America’s Dangerously Out-of-Date View of China
America’s sluggish insistence that China remains a security threat as opposed to a powerful economic reality is leading to lost opportunities. Not quite four decades after Nixon visited Mao, the U.S. is still reluctant to see an emergent China for…
Recent Comments