Word: abouts
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Part of the reason co-evolution could work is that it puts China alongside the U.S. in thinking about these new rules. That won't be easy. The U.S. is used to telling the rest of the world what to do. It will require energetic diplomacy. Practically, one item on...
And the U.S.? Will Obama sit with Hu prepared to develop fresh ways to defend what Americans care about? We have to hope so. If not, it's likely that the U.S. will soon discover that China is not the only nation in the world that needs to worry that...
When U.S. Treasury Secretary Tim Geithner last visited Beijing about a year ago, he elicited guffaws from an audience of college students when he assured them that China's massive investments in U.S. government debt was sound. Today's spur of the moment trip to Beijing, where he met with...
Both politically and economically speaking, this gets it about right. The reason it's in China's economic interest to allow the RMB to rise a bit is plain enough: At a moment when much of the world is still trying to climb out of a disinflationary hole, China's...
Those reasons extend beyond an overstimulated domestic economy. The geopolitics of the move are also pressing for Beijing. Though exports collapsed last year as the world plunged into recession - China's current account surplus declined by about half as a percentage of its overall economy - that adjustment phase is over...