Word: economice
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See pictures of China's economic expansion into Africa.
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...
At first glance, this might look sinister. But the reality is that it is simply different and not yet necessarily good or bad. China could try to reshape the global order alongside the U.S., in ways that help by supporting American economic recovery, defining new norms on proliferation, cooperating on...
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...
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...