Word: betweeners
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Seeing China Clearly It would be comforting to think, as some of Obama's advisers do, that the tensions between China and the U.S. in recent months - the falling-out at the Copenhagen climate-change summit, angry words over Tibet, disagreement about the right way to handle Iran, the woes...
What Obama will face as he sits with Hu is a choice between old ways of looking at the world and a new way of thinking about power. Nowhere will this emerging dynamic be clearer than in the links between the U.S. and China, the other great power of the...
But this is wishful thinking. China may not be exporting hunger or revolution. But making trouble? Nothing as big as China moves without pressing up against old ideas of power and stability. For most of the past 30 years, U.S. Presidents arrived in office bashing China and left praising it...
You can see the leadership trying to thread the passage between these extremes. Hu, for instance, has pivoted the nation's foreign policy away from older, slower-moving ideas like "Bide our time, get something done" and toward what are called the four strengths. China, Hu says, must deploy political...
The question is whether anything other than a massive, one-off revaluation in the RMB versus the dollar - something that is not in the cards - will have any significant impact on employment in the U.S. or Europe. Economists differ around the edges of this debate, but most agree that a...