China’s new leadership will take the reins of government early next year. This new collective, led by Xi Jinping, will have a slate of critical issues to address with China’s stagnating economy topping the list. Brookings experts Cheng Li, Kenneth Lieberthal, Jonathan Pollack and Jeffrey Bader delve into the issues that await China’s leaders and the likely action the group will take.
The long-term question is whether America pulls back from Asia and makes it easier for China to force countries in the region to make a choice between China and the United States.
The prospect of the U.S. turning inward in its economic strategy means that China has freer rein to become the focal point of regional integration efforts. The U.S. appears as largely bereft of a constructive economic strategy towards the most dynamic region in the world.
U.S. failure to follow through on TPP is a huge blow to the credibility of its Asia policy with important economic and geopolitical repercussions. Other countries will move forward with RCEP [the Regional Comprehensive Economic Partnership] and American companies will be at a disadvantage.