The writer is professor of government and non-resident senior fellow at the German Marshall Fund of the US.
Capital flight, at a rate of about $100 billion a month, threatens to deplete China’s hoard of $3.23 trillion in foreign exchange reserves in a couple of years.
For now, Obama and Xi have given their best shot to stabilising ties. But the long-term outlook for US-China remains cloudy.
Even the slightest perception of vulnerability is politically risky. He needs to change the subject in China.
Currency devaluation is the latest example of Chinese leaders’ misplaced faith in the power of the state
Outcomes from Modi’s China visit are not spectacular. But they are substantial.
Narendra Modi and Xi Jinping can lay the foundations for a stable Sino-Indian relationship.
Chinese leaders have tried to imitate, not always accurately, Lee Kuan Yew’s statecraft.
Keep a low profile while growing your strength. Keep the focus on domestic development
Beijing is likely to restore order in the short term. But does it have a long-term solution to the crisis of governability?
To gain India’s trust, Xi Jinping needs to follow his words of reassurance with concrete action
The long-term challenges to its success are geopolitical rather than economic
Why its becoming economy No 1 is not causing excitement, within China or outside.
For now, Beijing will listen to what he says, watch what he does.
Xi Jinping’s anti-corruption drive differs from his predecessors’ attempts.
Tactically,Chinas recent moves vis-a-vis Japan are brilliant. Strategically,Beijing has lost more.
But the US is underwhelmed by his call for a new great power relationship
Xi Jinping retrieves an obsolete prescription for a much changed party.
A chill descends on Chinas social media
G-20 places no obligations on economic,political fronts,lets Beijings leadership look good on a global stage
China's government may be in denial about the credit crisis
The drama underlines the absence of strategic trust between China and the US
Their informal summit will test whether US and China can cooperate without strategic trust
Chinas strategy of offensive deterrence may have been behind the Ladakh stand-off
China's investment binge of 2009-10 is dragging down its economy
He needs to show Obama he is more in favour of building trust,less prone to strategic paranoia