RESEARCH AND COMMENTARY
Eswar Prasad, February 08, 2012, The Wall Street Journal
While some claim that the yuan will bypass the dollar as the dominant global reserve currency, Eswar Prasad argues that although the yuan’s role in global trade and finance will expand, the currency currently poses little threat to the U.S. dollar's status. Read More
RESEARCH AND COMMENTARY
Erica S. Downs and Michal Meidan, February 08, 2012, China Security
The oil executive reshuffle that took place in April 2011 was a reminder of the Chinese Communist Party's control over Chinese firms. Erica Downs and Michal Meidan assess how the personnel changes at China’s major national oil companies shed light on the ties between state-owned corporations and the party-state. Read More
PAST EVENT
Tuesday, February 07, 2012
10:30 AM to 12:00 PM
Washington, DC
On February 7, Global Economy and Development at Brookings hosted a discussion on the renminbi’s prospects as an international currency and its implications from two perspectives—the balance and sustainability of China’s own economic development and the associated implications for the global monetary system. The panelists included Brookings Senior Fellow Eswar Prasad, author of a new report, "..." (with link); Senior Fellow Donald Kohn; and Stephen Roach, senior lecturer and senior fellow of the Jackson Institute at Yale University. Read More
RESEARCH AND COMMENTARY
Eswar Prasad and Lei (Sandy) Ye, February 2012, The Brookings Institution
Eswar Prasad and Lei Ye examine the role of China's renminbi currency in the global monetary system as it relates to internationalization, capital account convertibility and reserve currency. Prasad and Ye argue that the renminbi will play an increasingly significant role in global trade and finance. Read More
PAST EVENT
Tuesday, January 31, 2012
1:30 PM to 4:30 PM
Washington, DC
The Obama administration has adopted a policy of rebalancing toward Asia, with the president personally affirming that the U.S. will play a leadership role in Asia for many years to come. On January 31, the John L. Thornton China Center and the Center for Northeast Asian Policy Studies at Brookings hosted a discussion examining the announced military, economic and trade, human rights and diplomatic initiatives and their likely impact, especially on U.S.-China relations. Read More
BOOK
Ann Florini, Hairong Lai and Yeling Tan, January 06, 2012
In China Experiments, the authors set their analysis in a comparative context, investigating how China’s changing understanding of key governance tools and concepts compares with—and is influenced by—developments and debates elsewhere. Read More
RESEARCH AND COMMENTARY
Feng Wang, December 16, 2011, Caijing Magazine
China is facing daunting social challenges as its rapidly aging population threatens to impede its economic growth. Wang Feng examines world population trends and this unique development in China, advocating for fundamental change in the country's one-child policy before its demographic downward spiral reaches the point of no return. Read More
RESEARCH AND COMMENTARY
Erica S. Downs, December 09, 2011, China Economic Quarterly
Since 2009, China Development Bank has extended lines of credit to national energy companies and government entities in Brazil, Ecuador, Russia, Turkmenistan and Venezuela. Erica Downs argues that these loans should be viewed as transactions involving multiple actors pursuing multiple interests, including profitability. Read More
PAST EVENT
Wednesday, November 09, 2011
12:30 PM to 2:00 PM
Washington, DC
The United States and Hong Kong have long enjoyed close and mutually beneficial economic ties, with a 65% increase in U.S. companies based in Hong Kong over the past decade and $27 billion in U.S. merchandise exports to Hong Kong in 2010 alone. On November 9, the Brookings John L. Thornton China Center and the Center for Northeast Asian Policy Studies hosted The Honorable Donald Tsang, Chief Executive of the Hong Kong Special Administrative Region, for a keynote speech on the benefits of strengthened trade and investment relations between Hong Kong and the United States. Read More
RESEARCH AND COMMENTARY
Jonathan Pollack, November 09, 2011, The Brookings Institution
Jonathan Pollack writes on President Obama's upcoming trip across the Pacific, with stops at the Asia Pacific Economic Cooperation Forum, the U.S.-ASEAN Summit, the East Asia Summit, and in Australia. While the president will focus on America’s enduring commitment to regional diplomacy, economics and security, Pollack argues that the immobilized political process in Washington, D.C. could diminish the seriousness of this strategic purpose. Read More
VIDEO
Richard C. Bush III, November 07, 2011
As Richard Bush explains, the summit is significant for the U.S. and China as both countries are jockeying for position in these challenging economic times.
PAST EVENT
Thursday, November 03, 2011
2:00 PM to 4:00 PM
Washington, DC
After 25 years of market reforms, China’s economic planners are confronting new challenges, leading them to rethink the country’s traditional export-led growth model in favor of encouraging domestic consumption and managing the sometimes unwelcome side effects of rapid economic growth. On November 3, the John L. Thornton China Center will host a discussion evaluating China’s record on economic development, marketization and non-market interventions since 2002 and prospects for the future. Read More
PAST EVENT
Tuesday, November 01, 2011
10:00 AM to 11:30 AM
Washington, DC
China’s 12th five year plan sets a master agenda for economic development including top-level policy objectives for the next five years and detailed guidelines for key sectors of the economy. One major objective of the plan is to rebalance the economy, primarily by emphasizing domestic consumption over China’s current model of export-led growth. On November 1, the John L. Thornton China Center at Brookings and The Asia Foundation hosted a discussion on these economic policy objectives, including a close look at China’s efforts to develop a green economy. Cheng Siwei, former vice chairman of the standing committee of the National People's Congress presented his views on China’s economic goals and the new five year plan. Read More
RESEARCH AND COMMENTARY
Cheng Li, October 21, 2011, Woodrow Wilson International Center for Scholars
Despite unprecedented economic growth and rising global influence, China’s progress and promise have been accompanied by increasingly serious problems including large economic disparities, rampant corruption and environmental degradation. Cheng Li examines some of the prevailing U.S. perceptions of China over the past decade, with a focus on Chinese political and socioeconomic issues.
Read MoreRESEARCH AND COMMENTARY
William A. Galston, October 06, 2011, The New Republic
The Senate agreed to consider a measure allowing the United States to impose tariffs on another country if the U.S. Treasury finds its currency to be “misaligned,” a clear reference to China. William Galston says if the measure passes into law, it will put President Obama in a serious bind by either risking a trade war or provoke a populist backlash. Read More