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  • Author: Kevin Rudd
  • Publication Date: 04-2015
  • Content Type: Special Report
  • Institution: Asia Society
  • Abstract: The future relationship between China and the United States represents one of the great mega-changes and mega-challenges of our age. Unlike other such changes, the consequences of China’s rise are unfolding gradually, sometimes purposefully, but most of the time imperceptibly while the world’s attention is drawn to more dramatic events elsewhere. With the rise of China, we are observing the geopolitical equivalent of the melting of the polar ice caps. Slowly the ice thins, cracks appear and one day a large sheet of ice spectac- ularly peels away. If captured on camera, the world momentarily sits up and pays attention before CNN returns our gaze to the drama of the Islamic State of Iraq and the Levant’s most recent atrocity.
  • Topic: International Relations, International Cooperation, International Affairs
  • Political Geography: China, America
  • Author: Daniel H. Rosen
  • Publication Date: 10-2014
  • Content Type: Special Report
  • Institution: Asia Society
  • Abstract: DURING THE PAST THREE DECADES, perhaps no country has turned in an economic performance as impressive and transformative as China’s. China has emerged as the world’s second largest economy and its greatest exporting nation, accumulating huge trade surpluses, vast foreign currency reserves, and enormous influence on the global economy. Despite all the attention that policymakers, business executives, and scholars have paid to China’s economic rise, much debate surrounds China’s future growth prospects. For their part, President Xi Jinping and the new generation of Chinese leaders responded to the risk of a major economic slowdown by announcing a far-reaching reform campaign at the Chinese Communist Party’s Third Plenum in November 2013. If Beijing shifts direction along the lines it has announced, the behavior of Chinese companies, government agencies, and individual members of society is likely to change in remarkable ways – and thereby create opportunities for the rest of the world. Should the reform program stall, the effects will be just as profound. Either way, China’s new policy design, and its success or failure in achieving it, will have a major influence on the international economy and stability and security in Asia and beyond. With so much at stake, and an outcome that is far from certain, there is an evident need for greater clarity about what the reform program consists of, how it is progressing, and what it means for policy and business.
  • Topic: International Trade and Finance, Global Political Economy
  • Political Geography: China
  • Author: Thilo Hanemann, Daniel H. Rosen
  • Publication Date: 04-2014
  • Content Type: Special Report
  • Institution: Asia Society
  • Abstract: it became evident that the world was on the cusp of a significant shift in patterns of global foreign direct investment (FDI). China, which had been a major recipient of inflows from the developed world, was poised to become a more active investor in mergers, acquisitions, and greenfield projects abroad. Therefore, the Asia Society undertook the first of a series of studies to map this shift and to suggest how these new investment flows, might benefit the United States while also enhancing U.S.–China relations. The first study, An American Open Door? Maximizing the Benefits of Chinese Foreign Direct Investment (2011), was written by Rhodium Group’s Daniel H. Rosen and Thilo Hanemann (as were subsequent joint efforts). It examined Chinese investments in the United States, prospects for their growth, potential benefits and risks, and obstructions to even greater flows in the future. Our conclusion was that flows of Chinese capital into the United States—the most open and vibrant economy in the world—were on the precipice of growing dramatically. We also concluded that in spite of political concerns, the United States had much to gain by encouraging even greater inflows from China.
  • Topic: International Political Economy, Science and Technology
  • Political Geography: China, America