In The News

China Seeks "Strategic Partnership" With Africa

Tom Ashby April 27, 2006
After making economic inroads throughout Africa, China seeks to strengthen political ties. Speaking in Nigeria – Africa’s top oil-producing nation – China President Hu Jintao promised respect for African sovereignty, which contrasts with the ongoing US demands for democracy and a war on terror. The Chinese president’s tour has included stops in the US, Saudi Arabia, Morocco and Kenya. "...

East Asia’s Troubled Waters – Part I

Wenran Jiang April 25, 2006
In recent history, Asian neighbors such as China, Japan and South Korea have transformed from traditional foes to complementary trading partners. But this three-part series explores how competition for natural resources rekindles historical grievances, fueling nationalism and confrontation. Rising tension over the waters demonstrate how increased interdependence brought about by globalization may...

US, China Eager to Gloss Over Any Disagreements

Daniel Sneider April 25, 2006
The inevitability of China’s rise has led its Asian neighbors to perform “fine balancing” acts, with the question of how to respond to China’s growth remaining high on every agenda. Even countries that have been historically at odds with China – such as Japan and Vietnam – worry about the threat, but must cooperate with the second largest economy in the world in terms of purchasing power. Like...

Currency Manipulator?

Ronald I. McKinnon April 24, 2006
As China’s bilateral trade surplus with the US continues rising in record-breaking fashion, there has been growing speculation that Beijing manipulates currency-exchange rates in its favor. However, Stanford economist Ronald McKinnon argues that China’s motivation for pegging the renminbi is to secure monetary stability rather than achieve an undue mercantile advantage in world export markets....

China’s Investors Are to Get Freer Hand Abroad

James T. Areddy April 20, 2006
On the eve of Chinese President Hu’s visit to the US, China made a gesture toward a more open, market-based currency that pleases the US, but falls short of revaluing of the yuan. China will allow companies and individuals to make financial investments overseas, which could influence the country’s currency exchange-rate system as well as the value of yuan. China has kept the yuan’s value...

The US and China: Friends or Foes? – Part II

Daniel H. Rosen April 20, 2006
The US and China are the world’s two largest economies – but the citizens of the two nations differ in terms of financial habits. For example in 2005, savings accounted for at least 30 percent of Chinese household income while the US registered no savings at all. In the second of this two-part series, economist Daniel H. Rosen analyzes the implications of China’s increasing interdependence with...

Chinese Turn to Civic Power as a New Tool

Howard W. French April 19, 2006
It’s human nature to complain. As China encounters more social problems – land seizures, accidental AIDS transmissions, pollution and corruption – citizens expect some legal recourse. Disgruntled citizens turn to the media, community groups and even public protests to point out social problems. Nongovernmental organizations – more than 280,000 registered in all – have taken a lead in giving...