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| U.S.-China Economic Relations / China's Economy |
The End of an Era? Inflation Returns to China
Carnegie Endowment Senior Associate Albert Keidel discussed his latest policy brief "China's Looming Crisis - Inflation Returns" during a seminar on October 24, 2007. Nick Lardy of the Peterson Institute provided comments and critique, while Pieter Bottelier of Johns Hopkins University School of International Studies moderated the discussion.
Related Policy Brief China’s Economic Fluctuations
New research challenges conventional wisdom in Washington on China’s economy—the importance of its trade surplus, the size of its GDP, and the scale of its poverty. An updated report from Carnegie Senior Associate Albert Keidel confirms that China’s growth and inflation risks are not trade-related but are instead driven by domestic forces. A recent World Bank announcement also confirmed Keidel’s findings that China’s economy and GDP per capita are 40 percent smaller than earlier analysis had asserted, and that Chinese poverty levels involve 300 million people under the World Bank’s dollar-a-day standard rather than 100 million as previously thought.
Related: New Analysis of China's Economy, BBC World Service's Newshour, November 14, 2007
More on U.S.-China Economic Relations / China's Economy
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| Energy and Climate Change |
Financing Energy Efficiency in China
With the close of the Bali summit, Carnegie Senior Associate William Chandler joins energy expert Holly Gwin, general counsel and co-founder of Transition Energy, to go beneath China's laudable energy-saving policies and gives a path-breaking, detailed, and on-the-ground description of the obstacles energy-efficiency businesses still face. The paper looks beyond complaints about red tape and illogical taxes, and suggests specific, feasible steps Chinese officials could take to reconcile their good energy intentions with their practices. Chandler argues that restrictions on debt financing and foreign equity investment, unfavorable tax policies, and even the UN’s emissions trading system all discourage foreign investment in clean energy in China.
More on Energy and Climate Change
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| Social Development in China |
China's Olympian Challenge: Can Beijing Deliver on its Promises?
The China Program at Carnegie Endowment hosted a seminar on October 11, 2007 entitled: "China's Olympian Challenge: Can Beijing Deliver on its Promises?" The seminar consisted of two panels that both focus on the latest progress in Beijing's preparation for the Olympic Game next year. Panel 1 featured Sharon Hom, Executive Director of Human Rights in China, Randy Wilber, Senior Sport Physiologist of U.S. Olympic Committee, and Bob Diez, Asia Program Coordinator of the Committee to Protect Journalist. Director of China Program Minxin Pei moderated the first panel. Speakers for Panel 2 included Jill Savitt, Director of Dream for Darfur, Sean Woo, General Counsel in the Office of Senator Sam Brownback, and Jeffrey Bader, Director of the John L. Thornton China Center at Brookings Institution. This second panel was moderated by Carnegie visiting scholar Joshua Kurlantzick.
More on Social Development in China
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| Security and Foreign Policy |
The Chinese Navy: Expanding Capabilities, Evolving Roles?
The China Program of the Carnegie Endowment for International Peace co-sponsored the International Conference on PLA Affairs, held in Taipei, Taiwan from November 29 to December 1. This annual conference on the Chinese military, organized by the Council for Advanced Policy Studies (CAPS) in Taipei (Taiwan's leading research institute on Chinese military affairs) has been held for nearly twenty years. The CEIP China Program has been a co-sponsor of the conference for the past several years, under the direction of Senior Associate Michael D. Swaine. Other co-sponsors include The RAND Corporation and (for the first time this year) the Institute for National Strategic Studies of the National Defense University. Participants included many of the top specialists on PLA affairs in the U.S. and Taiwan.
More on Security and Foreign Policy
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| Resources |
Carnegie ChinaNet
 This site features the Chinese newsletter Carnegie China Insight Monthly, edited by Yaping Wang. Also included are Carnegie publications and articles from Foreign Policy magazine in Chinese.
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Assessing the Threat: The Chinese Military and Taiwan's Security
Edited by Michael D. Swaine, Andrew N.D. Yang, and Evan S. Medeiros, with Oriana Skylar Mastro, the volume offers concrete suggestions and crisis management practices for government and military leaders in Washington, D.C., Beijing, and Taipei.
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The Hong Kong Journal
This quarterly online publication, launched by the Carnegie Endowment and partner Robert Keatley, features articles on political, economic, and social issues relating to Hong Kong.
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Managing Sino-American Crises: Case Studies and Analysis
This book explores the changing features of crisis behavior and their implications for defusing future encounters.
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| Related Events |
Charm Offensive: How China’s Soft Power is Transforming the World
On June 4, 2007, Visiting Scholar Joshua Kurlantzick spoke about his new book Charm Offensive: How China’s Soft Power is Transforming the World.
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Between Politics and Markets: How is China’s Media Evolving?
On March 14, 2007, the Carnegie Endowment hosted the event “Between Politics and Markets: How is China’s Media Evolving?” with Hu Shuli, the founder and editor of Caijing Magazine.
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China's Challenges in Strengthening its Energy Security
On October 16, 2006, the Carnegie Endowment for International Peace and the World Resources Institute co-sponsored a discussion entitled “China’s Challenge in Strengthening Energy Security” with Dr. Kelly Sims Gallagher and Dr. David Jhirad.
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| Related Publications |
A Crash is China’s Chance for Reforms
The spectacular run-up in equity prices in China in the past two years has created a classic asset bubble. The likelihood that the stock market will crash in the not-too-distant future has recently increased because of rising inflation at home and a global economic slow-down. The Chinese stock market has already begun to correct – the main stock indexes have fallen 15 per cent from their highs. However, with Chinese equity price levels disturbingly close to those of Japan’s Nikkei in 1989 prior to its meltdown, the Chinese market will have to fall much further to reach reasonable valuations.
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An Unlikely New Ally
Although most of the world sees U.S. behavior under President Bush as "an unmitigated disaster," China has benefited dramatically from declining U.S. influence, meaning Chinese leaders are quite satisfied with U.S.-China relations. Below the top levels of government, Chinese views of America are more ambivilent, falling into three categories: the sophisticated realists, the conservative nationalists, and the cosmopolitan elite.
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Simmering Fire in Asia: Averting Sino-Japanese Strategic Conflict
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China, Burma, and Sudan: Convincing Argument
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The Tide of Corruption Threatening China's Prosperity
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Long March to Nowhere
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