Word: china
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Behind the recent skirmishes between China and America - the latest surrounding the Dalai Lama's visit to the U.S. - lies a wide divide between the two nations over how they see themselves, each other and their place in the world. (See pictures of the Dalai Lama's visit to the White House...
...Read "The World of China...
...prefers China to be like Japan: economically powerful and politically cooperative but strategically dormant and militarily inhibited. Knowing that this was never realistic, the second best outcome for Washington - captured succinctly in a 2005 speech by the then U.S. Deputy Secretary of State and current World Bank president Robert Zoellick - would be for China to demonstrate it is a "responsible stakeholder." America would ensure that China benefits from the global system of international rules and laws developed since World War II and institutions like the World Trade Organization. In return, having acquired a stake in this system, China would realize...
...This approach is not only designed to preserve the peace. It is also intended to be transformative. As with other East Asian success stories, the U.S. expects that further economic liberalization will bring prosperity, and that this will gradually bring political reform to China and domestic respect for human rights...
...American faith in the transformative power of China's economic rise might be misplaced. Capitalism with Chinese characteristics places far more power and wealth in the hands of the state sector than what has ever occurred in countries such as Japan and South Korea. Beijing is nurturing state-owned champions to dominate domestic markets and crowd out the private sector in order for the Chinese Communist Party (CCP) to keep its economic relevance, privileged status in Chinese society and hands on the country's wealth. This means the CCP does not believe sweeping economic, much less political, liberalization is required...