China's transition at home and abroad
July 21, 2015
As China transitions from an economy driven by exports to an economy driven by consumption, the effects are being felt worldwide. In spite of this economic “new normal,” China has also become increasingly active in seeking a role in global governance as exemplified by the recent establishment of the Asian Infrastructure Investment Bank and the “one belt, one road” development strategy. On the other side of the globe, the state of the U.S. economy remains uncertain, breeding serious concern regarding future U.S. economic policies.