As pollution in China reaches crisis proportions, leading to a drag on the economy and a rise in social unrest, the government is taking bold steps to remedy the "airpocalypse" situation through a full-scale "war on pollution." One of the biggest challenges, however, will be the ability to finance this green revolution.
LONDON -- Twice in the fall of 2014, the Chinese attacked submarines docked at Sri Lanka's newly opened, $500 million Colombo South Container Terminal, built and majority-owned by the state-run China Merchant Holdings. This ran counter to the core of Xi's speech to the Indonesian parliament in October 2014 when he presented China's nationalist project as building a "maritime Silk Road" to increase trade and cultural exchanges in the sprawling region.
HONG KONG -- At the very beginning of the Chinese stock market crisis in late June, many investors felt there were problems mostly related to liquidity issues. But gradually the concerns have grown to encompass more than the market itself. People have begun to talk about whether the government is capable of handling the stock market crisis, and whether this may end up as a broader crisis of governance.
Goldstein performs two critical tasks in his new book, Meeting China Halfway: How to Defuse the Emerging U.S.-China Rivalry (Georgetown University Press). First, he acknowledges the legitimacy of the PRC's desire for a greater international role. Second, he offers a strategy of cooperation for the two nations, which includes recognizing natural but much-reviled "spheres of influence."
LONDON -- Eurasia is an idea whose time, it is said, has come around again. Recent historical research has rescued the old Silk Road from historical oblivion. The late American sociologist Janet Abu-Lughod identified eight overlapping "circuits of trade" between northwest Europe and China that, under the aegis of a Pax Mongolica, flourished between the 13th and 14th centuries.