CHINA'S ECONOMY
November 2009
"Climate Finance"
Policy Brief
By The Harvard Project on International Climate Agreements
The finance of climate mitigation and adaptation in developing countries represents a key challenge in the negotiations on a post-2012 international climate agreement. Finance mechanisms are important because stabilizing the climate will require significant emissions reductions in both the developed and the developing worlds, and therefore large-scale investments in energy infrastructure. The current state of climate finance has been criticized for its insufficient scale, relatively low share of private-sector investment, and insufficient institutional framework. This policy brief presents options for improving and expanding climate finance.
AP Photo
May 6, 2009
Case Study: The Rise of China and the Global Economic Crisis
Memorandum
By Graham Allison, Director, Belfer Center for Science and International Affairs; Douglas Dillon Professor of Government; Faculty Chair, Dubai Initiative, Harvard Kennedy School and Meghan O'Sullivan, Jeane Kirkpatrick Professor of International Affairs, Harvard Kennedy School
U.S.-Chinese relations have remained on a fairly consistent trendline over the decades since Beijing started its policy of reform and opening. Chinese leaders have emphasized their commitment to economic growth über alles, characterizing China's emergence as a "peaceful rise," and restraining expansionist political ambitions in the region and beyond. American leaders have sought to entice China into the existing order through the global trading system and other international institutions, while hedging against the country's increasing might.
AP Photo
August 11, 2008
"China's Quick Fall, Slow Return to Glory"
Op-Ed, Boston Globe
By Philip Auerswald, Associate, Science, Technology, and Public Policy Program
"...China's resurgence extends to a domain in which the country has historically been weak: science and technology. Twenty years ago, China was not on the list of the top 10 exporters of high-tech products; today it is number one. The United States remains the world leader with regard to research and development investments, but in China such spending has for over a decade been growing at a remarkable 19 percent per year — more than six times the US rate...."
December 2000
The Rise of China
International Security Reader
By Michael Brown, Former co-editor, Quarterly Journal International Security, Owen R. Coté, Editor, International Security, Sean M. Lynn-Jones, Editor, International Security; Series Editor, BCSIA Studies in International Security and Steven E. Miller, Director, International Security Program; Editor-in-Chief, International Security; Co-Principal Investigator, Project on Managing the Atom
China's relentless economic growth in the 1980s and 1990s heralded its emergence as a great power in world politics. As its economy expanded, China seemed poised to become the second-largest economy in the world. At the same time, it modernized its military and adopted a more assertive diplomatic posture.
December 2000
The Rise of China
International Security Reader
By Michael Brown, Former co-editor, Quarterly Journal International Security, Owen R. Coté, Editor, International Security, Sean M. Lynn-Jones, Editor, International Security; Series Editor, BCSIA Studies in International Security and Steven E. Miller, Director, International Security Program; Editor-in-Chief, International Security; Co-Principal Investigator, Project on Managing the Atom
China's relentless economic growth in the 1980s and 1990s heralded its emergence as a great power in world politics. As its economy expanded, China seemed poised to become the second-largest economy in the world. At the same time, it modernized its military and adopted a more assertive diplomatic posture.
Fall 2009
"Bad Debts: Assessing China's Financial Influence in Great Power Politics"
Journal Article, International Security, issue 2, volume 34
Commentators and policymakers have articulated growing concerns about U.S. dependence on China and other authoritarian capitalist states as a source of credit to fund the United States' trade and budget deficits. What are the security implications of China's creditor status? If Beijing or another sovereign creditor were to flex its financial muscles, would Washington buckle?
October 30, 2009
"Why the Renminbi has to Rise to Address Imbalances"
Op-Ed, Financial Times
By Martin Feldstein, George F. Baker Professor of Economics at Harvard University
"China's policy of keeping the renminbi weak means that the US dollar must decline more rapidly against the euro, yen and other currencies to achieve the same overall trade-weighted fall of the dollar," says Martin Feldstein, member of the Belfer Center's board of directors. "China's weak renminbi policy therefore not only prevents remedying China's large current account surplus but also reduces Europe's exports," he says.
AP Photo
April 4, 2009
"China’s Recovery and Global Growth"
Op-Ed, The Korea Herald
By Martin Feldstein, George F. Baker Professor of Economics at Harvard University
China is likely to be the first of the major economies to recover from the current global downturn. Its pace of expansion may not reach the double-digit rates of recent years, but China in 2010 will probably grow more rapidly than any country in Europe or in the western hemisphere.
AP Photo
November 16, 2009
"The Great Wallop"
Op-Ed, New York Times
By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs and Moritz Schularick
"A few years ago we came up with the term "Chimerica" to describe the combination of the Chinese and American economies, which together had become the key driver of the global economy," says Niall Ferguson member of the Belfer Center's board of directors. "Correcting the economic imbalance between the United States and China - the dissolution of Chimerica - is now indispensable if equilibrium is to be restored to the world economy."
Fall 2005
"The Future of U.S.-China Relations: Is Conflict Inevitable?"
Journal Article, International Security, issue 2, volume 30
What is likely to be the future character of the relationship between the United States and the People’s Republic of China? Will it be marked by convergence toward deepening cooperation, stability, and peace or by deterioration that leads to increasingly open competition and perhaps even war?
