In the summer of 2016, China was stricken by devastating floods that affected both the northern and southern parts of the country. Weaknesses in local disaster management departments have been revealed in the various floods-hit areas.
President Xi Jinping’s unyielding effort in the anti-corruption campaign has implicated 800,000 Chinese officials. How and when will he consider his mission to be accomplished? David Shambaugh and Zheng Yongnian had an in-depth exchange of views at a global forum on China in Singapore.
In the past twenty-some years, the number of social protests in China has erupted like a volcano. Many analysts believe that the regime is sitting on the mouth of a social volcano and its days are numbered. These predictions demonstrate the need for a better understanding of social protests in China.
An anonymous “person with authority” said that China’s economic trajectory was experiencing an L-shaped path, involving a sharp decline followed by a long period of flat or stagnant growth. The questions are: when will the decline bottom out, and is it sustainable?
The world order is facing challenges on all fronts. Elements such as geopolitics, income inequality brought on by globalization, and technological changes have coalesced into waves of populism, nationalism, and protectionism. The world is crying out for leaders with great wisdom.
Observers have argued that China did not fully appreciate the implications of not participating in the arbitration process. Not only did it give up its right to appoint the arbitrators, it also gave up its right to present its legal arguments and evidence to the tribunal and the international audience.
This essay is a preliminary analysis of the possible impacts the Permanent Court of Arbitration’s ruling on July 12, 2016 will have on the South China Sea situation, China-US relations and China’s relations with its neighbors.
A natural corollary of the expansion of China’s economy and its massive financial reform would be the internationalization of the RMB. As an international payments currency, the RMB has leapfrogged from 20th position in 2012 to 5th in 2015.