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Little wonder, then, to find most Chinese still very alive to sensations of weakness, whether inside or outside the country. This was surely the worry that the Chinese media fingered when they declared that the 2009 phrase of the year was beishidai, or "the passive-voice era." The phrase, state...
So working with China in a way that can protect our interests is less about direct confrontation of the sort we remember from the Cold War - when the U.S. knew it faced a very dangerous enemy - and more about what we might call co-evolution. The phrase comes from biology...
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...
As both Geithner and Wang Qishan well understand, there are other compelling reasons for the RMB to rise. A revaluation will help China rebalance its economy by increasing the attractiveness of imports from everywhere; both developing nations like Vietnam and Thailand, whose own industrial development has been stunted by an...
The safety disparity has many causes, including greater automation in the U.S. and a more sustained focus on workplace safety. China depends on relatively cheap coal as a key source of energy for its rapidly growing economy, and its mines churn out more than twice the amount as the U.S...