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Sarnath agreed with Yang: “It is still true that guys tend to work with guys, and that makes it a little more difficult if you don’t know any other girls in your class, to find someone to work with...
...More than anything, Obama needs to replace our outdated ideas for dealing with China. Beijing can't, as many cold-warrior views of it might wish, be "contained"; it's far too interwoven into the global system for that. But it is also true that the fantasy some had of "engagement" - the hope that as China became richer, it would become more supportive of American interests - isn't working out either. What the U.S. needs is a new strategy. It should be one that takes a ruthless defense of American interests as a starting point, since without that, no strategy...
...leaders on both sides want good ties, they may succumb to the acid test of any foreign policy: domestic support. To many in the U.S., Beijing's old line that China has never hurt the interests of the U.S. in the period since reform began no longer holds true. In the eyes of many, China is hurting America's interests every day: its mercantilism creates a sense of danger in the American economy, its antagonism to foreign firms damages U.S. investment, its lack of unqualified help on nuclear proliferation tests Washington's patience...
...over the relative value of its currency capture this dynamic well. The renminbi - it means "the people's money" - is the place where China's control economy touches the free-market world. Just as tensions with the Soviet Union sharpened at places where systems collided, the same will be true of China: the renminbi is the new Berlin. It needs to be handled with appropriate sophistication by both sides, especially since it reveals a deeper tension. Chinese find it inconceivable that the dollar will be the only global reserve currency in 10 years; Americans find it inconceivable that it will...
...high unemployment in the U.S. and Europe, the potential for a serious protectionist backlash is very real. (Indeed, a team from Treasury slipped quietly into Beijing recently to make just this point.) For administrations going back to Ronald Reagan in the 1980s, it's been a tried a true strategy: Tell your trading partner to give you something, because you might not be able to hold back the heathen protectionists in Congress. However hoary a tack it may be, that doesn't make it any less true. Democrats in Washington are very nervous about November's mid term elections...