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60th Anniversary Parade of the PRC - Some Afterthoughts

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China’s 60th Anniversary celebration a few weeks back was a monumental spectacle by any standard. Hundreds of thousands of troops, schoolchildren and civilians meticulously rehearsed months in advance. Jets, tanks and missile-toting trucks filed through in a show of military muscle, displaying China’s transformation from a war-battered regional player into [...]

Time For a New U.S.-China Relations Strategic Maxim?

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The George H.W. Bush and Clinton administrations each produced Asia strategy reports outlining their visions and overall strategy for Asia, coalescing around a catch phrase that would guide U.S. policy. In 2005, former US Deputy Secretary of State Robert Zoellick announced his idea that China become a “responsible stakeholder”, calling for Beijing to [...]

In Defense of Obama

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President Obama’s recent trip to China was harshly criticized by the Western media as having been a “failure”. Among the criticisms: he was too deferential; he didn’t speak out enough on human rights; he failed to press Beijing firmly on revaluing its currency; he achieved no concrete results on Iran or North Korea….and the [...]

The Final Frontier? U.S.-China Space Race Heats Up

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China’s military has made dramatic progress in space over the past decade and the goals of its program remain unclear, a top US general said on Tuesday.
Citing Beijing’s advances in space, General Kevin Chilton, head of US Strategic Command, said it was crucial to cultivate US-China military relations to better understand China’s intentions.
“With regard [...]

China’s Slowing Economy and Threats to Social Stability

In the face of ominous signs that China’s economy is slowing dramatically due to the world economic downturn, Premier Wen Jiabao, citing “unprecedented difficulties and challenges,” announced an ambitious plan to stimulate domestic spending through infrastructure projects and investment during the recently completed 11th National Peoples Congress.  (For the full text of Premier Wen’s Work [...]

U.S. Treasury Secretary Accuses China of Currency Manipulation

Timothy Geithner’s warning this Thursday that President Barack Obama believes China is “manipulating” its currency may trigger renewed tensions between two of the world’s biggest economies.
Geithner, Obama’s nominee for Treasury secretary, also told senators the administration will press China to “adopt a more aggressive stimulus package” to boost its domestic economy. The remarks on manipulation [...]

China’s $6 Billion Media Expansion Plan

It looks as though China’s major media conglomerates are making large-scale efforts to expand their reach and influence overseas, the South China Morning Post reported yesterday.  China’s three major media networks, CCTV, Xinhua, and The China Daily have been meeting with media consultants and advisers on how best to expand their global reach and enhance [...]

China’s Suddenly Lethargic Economy

The world economic downturn seems to be finally penetrating the seemingly impenetrable underbelly of China’s roaring economy.  In recent months, China’s economy has slowed sharply. Recent reports indicate that export growth, one of the main contributors to China’s expansion over the past decade, has diminished substantially and seems likely to reduce overall growth next year. [...]

China Announces $586 Billion Economic Stimulus Package

China announced today a major economic stimulus package of 4 Trillion Yuan, or $586 Billion to stimulate the economy. The package is seen as the boldest move yet to reinvigorate its suddenly lethargic economy now feeling the effects of a growing worldwide economic downturn brought on by the U.S. sub-prime mortgage crisis.
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