The Chinese have learned from Russia’s past mistakes at reforming state-owned enterprises (SOE), and some well-connected politicians have reaped the economic benefits that followed. Will the new administration in Beijing reform China’s SOEs or maintain the large role of government in industry?
Courtesy: Voice of America
Rising income inequality, corruption and the ouster of former Politburo member Bo Xilai from the Chinese Communist Party were all significant aspects of China’s 18th Party Congress. However, the new leadership has committed to reforms and repeated that increased economic growth will be achieved.
The new President and Premier of China will be formally elected at the 18th Party Congress of the Communist Party of China on November 8. Given the ongoing socio-economic issues and an increasingly independent army, will the new leadership bring about a change in China’s foreign policy?
Courtesy: Foreign Affairs
There’s been much talk about the “the rise of the rest,” with Brazil, Russia, India, and China leading the charge. However, few countries can sustain unusually fast growth for a decade, and even fewer, for more than that. As the boom years begin to end, the international order won’t change as much as expected.
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China's legal system is more formalized and better functioning than many realize. Still, given the Chinese Communist Party's lock on judicial power, the country still has work to do.
Courtesy: VOA/WikimediaCommons
In a recent speech, U.S. Presidential candidate Mitt Romney criticised incumbent President Barack Obama's foreign policies, and called for U.S. supremacy. However, it seems apparent that Romney wouldn’t usher in a foreign policy revolution if elected.
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All the major economic forces in the world have come together in Africa in a new version of the Great Game. The competition for the continent’s resources will ultimately harm Africa unless Africa uses this opportunity to its advantage and to address its own serious problems.
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Traditionally, the South Pacific islands have been considered strategically insignificant. However, the need for resources, and the geopolitical shift towards Asia-Pacific have prompted nations to realize that these small island states control large resource-rich ocean areas and are increasingly geostrategic.
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The Japanese purchase of the Diaoyu Islands is bound to have a negative impact on China-Japan relations. If these tensions in the East China Sea persist, regional business ties and especially China-Japan economies ties - a whopping $345 billion in two-way trade - will take a hit.
Over the past four years, China has switched from being an importer of high-speed trains to the world’s largest manufacturer. Much of this can be attributed to the transfer of foreign technology to Chinese state-owned enterprises. How have Chinese government policies and economic heft aided this effort?