Tag: China

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  Sometimes the best you can do is eat the reality sandwich. It tastes lousy but that’s the way it goes. In China the economy has been weak. Meanwhile, propped up by the government, the Chinese stock market has soared to new heights. This suggests a “correction” or as I mentioned eating the reality sandwich. […]

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The World Is Losing Faith in American-Style Capitalism vs. China. But Maybe Not For Long

 

062315chinaFrom Pew:

The U.S. is still regarded as the top economic power, even more so than last year, but most people around the world continue to believe that China either will eventually replace or already has replaced the U.S. as the world’s leading superpower. A median of half across the countries surveyed say that the U.S. is the world’s leading economic power, while only 27% say that of China. While a median of only 14% say China has already replaced the U.S. as the top superpower, majorities or pluralities in 27 of 40 countries say China will eventually become or has already replaced the U.S. as the top superpower.

The economic dynamism generated by democratic capitalism is a key element of the American Project’s persuasive power. But there are other models, such as China’s state-directed capitalism conjoined with an authoritarian state. Years of very fast Chinese growth and relative US stagnation have made China look like the strong horse to many — especially those not-so-interested in democracy. “I have seen the future, and it’s capitalism with Chinese characteristics!” The Beijing Consensus. As the Economist put it back in 2011:

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The US military has  announced this past week that China and Russia will have air superiority within three to five years, with little sign of alarm to this news on the part of either the media or the public. They also said that thirty to forty countries would have air superiority in eight to ten […]

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Foxconn makes 70% of all iPhone 6 phones as well as an unknown percentage of iPhone 6S units. Foxconn has more manufacturing plants in the People’s Republic of China than in any other country. Further, Apple does big business selling in China selling hardware, running Apple Stores (18 in China vs 2 in Indiana), as […]

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Power Without Production

 

shutterstock_217626877About 33 minutes into the last Ricochet Podcast, Bret Stephens added his voice to the chorus suggesting we shouldn’t overly fret about China because their economic numbers are rigged and their production levels are nowhere close to our own, however quickly they are improving. Alright, let’s suppose that China’s economy is truly lackluster. Does that make it less of a diplomatic and military threat?

The Soviet Union was doomed from the start for the simple reason that communism doesn’t work. The USSR survived by claiming territories and sucking the life out of its members, which it could only do for so long. It’s economy never had a chance in the long run.

But that inevitability didn’t matter for half a century.

The Strategika Podcast: Understanding Chinese-Japanese Tensions

 

In the new series of Strategika podcasts, we’re looking at the tensions between China and Japan and what the implications are for the United States and the future security situation in East Asia. In this first installment, I talk to Miles Maochun Yu, professor of East Asia and military and naval history at the United States Naval Academy. Miles explains the historical backdrop for tensions between the two countries, how China’s modern grievances may be a smokescreen for something slightly more nefarious, and what the U.S. needs to do to manage the situation. Listen in below:

How to Solve the China Problem? Look Towards India

 

Like many Ricochet members, I’m just back from the National Review cruise. One of the hot topics of the week — along with the 2014 elections, the 2016 race, and President Obama’s immigration order — was what to do about China.

Here is one positive step we could take. Let’s start containing the rise of China by entering into an alliance with India. It’s the world’s largest democracy and is steadily opening its economy to the free market. It has the land power to check China and is gradually improving its air and sea forces. It makes just as much sense — perhaps even more — as Nixon’s opening to China to balance the U.S.S.R. in the Cold War.

A Teachable Moment for Rand Paul?

 

We now have on our hands Barack Obama’s War, for our latest Middle Eastern war belongs entirely to him. And someone — let it be me! — should alert Sen. Rand Paul to this teachable moment, for Obama’s War (which Rand Paul supports) was brought on by the very policy of non-intervention that he, his father, and the Cato Institute all championed. As Secretary of Defense Chuck Hagel has testified in word and deed, there is essentially no difference on foreign affairs between left-wing Democratics and arch-libertarians who sometimes vote Republican.

This war might have been avoided. Had Obama taken the trouble to arrange for a few thousand American soldiers to remain in Iraq — as he easily could have — the Iraqi’s coalition government between Shia, Sunni, and Kurd would have held, despite Maliki’s perfidy. That, in turn, would have prevented al-Qaeda’s reemergence in the Sunni-dominated provinces of Iraq. Moreover, ISIS would not be in control of great swathes of Syria had the president followed the advice of his advisors and allies and backed the secular-minded opposition to Bashar al-Assad from the start.

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In Gil Reich’s thread “Cheer Up! The Bright Side of the Middle East” (a welcome dose of optimism), he repeats a popular claim about Russia’s diminished role in world affairs since the end of the Cold War.  Russia and China support the Iran – Assad axis. But today’s Russia and China have neither the power nor […]

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A Violent Weekend

 

Let us begin our tour with a quarrel in a faraway country. As Yahoo Japan reports, “A Vietnamese fishing vessel has sunk after being rammed by a Chinese vessel and the 10 fishermen have been rescued. While Vietnam has not responded yet, the Coast Guard warned “the situation at the site it very tense.”‘

This is not an isolated incident, but rather an escalation of recent tensions. It is most likely a response to last week’s announcement of cooperation between Vietnam and Japan, which followed the Chinese “deploying an oil rig off the Paracel Islands, which Vietnam also claims, leading to physical clashes between Chinese and Vietnamese vessels.”

Sorry, China, the U.S. is Still the World’s Leading Economic Power—James Pethokoukis

 

The US economy has been the world largest since 1872 when it overtook the UK’s. A heckuva run, no doubt. But that may end this year, according to the Financial Times:

The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.

Strategika Podcast: Ian Morris on Whether We Can Cooperate with China

 

In the latest installment of the Strategika podcast for the Hoover Institution (the last one for awhile — our next installment of shows will be on Russia, with Kori Schake, Thomas Donnelly, and Ralph Peters), I talk with Ian Morris — archaeologist, historian, and the Willard Professor of Classics at Stanford University — about the prospects of the future relationship between the United States and China being cooperative. 

Professor Morris shares his impressions of how the relationship is perceived overseas (he recently returned from Hong Kong), considers the question of which historical power represents the best analogy for modern China, and looks at the shortcomings of the U.S. “pivot” to the Pacific.

Space Invaders — Rob Long

 

This either bothers you or it doesn’t. From Yahoo News:

Chinese President Xi Jinping urged the air force to adopt an integrated air and space defence capability, in what state media on Tuesday called a response to the increasing military use of space by the United States and others.

Strategika Podcast: Admiral Gary Roughead (Ret.) on Managing China’s Rise

 

Roughead current hi-resOne of my favorite guests for Hoover Institution podcasts is retired Admiral Gary Roughead, former Chief of Naval Operations, who always brings unparalleled insight and acumen to discussions of foreign affairs.

In this episode of Strategika, we talk about how America can manage China’s rise. Is the Obama Administration’s “pivot” to Asia worth the candle? What are the factors that will determine whether China is relatively benign or explicitly hostile in its relations with the wider world? Does the crisis in Ukraine bode ill for the future of Taiwan? These and other topics occupy our time together.

For a direct download of this show, click here.

Strategika Podcast: Edward Luttwak on the Lessons of Chinese History

 

Luttwak-EdwardIn a new installment of the Strategika podcast for the Hoover Institution, I talk with Edward Luttwak, Senior Associate at the Center for Strategic and International Studies in Washington, about how China’s history should influence how we think about the country today.

Will China’s rise inevitably be as an antagonistic power? What can the United States do to counter an emboldened Beijing? Has China tipped its hand too early about its regional ambitions? Professor Luttwak answers all those questions and more in this wide-ranging conversation.

To download this podcast directly, click here.