China
China’s Looming Economic Crisis

China’s Looming Economic Crisis

China’s economy has been growing at a phenomenal pace in recent decades, averaging around 10 percent a year. Few people seemed to worry, therefore, when the Chinese government announced recently that GDP growth in the third quarter of 2011 slowed to “only” 9.1 percent. Almost any country in the world would envy such growth. Yet beneath the continued robust appearances, there are signs that China is heading toward a crash reminiscent of the one that brought down the U.S. economy during 2007-2008.

read more
Is China Heading for Collapse?

Is China Heading for Collapse?

An implicit social contract underlies the Chinese people’s relationship with its government. The people accept the autocratic Communist Party of China regime with its corruption and minimal public participation, and the regime delivers a continuous and rapid improvement in the economic standard of living. But that social contract is now at risk, as China is on an unsustainable path that will result in economic stagnation or decline in the coming decades. 

read more
The South China Sea Conundrum

The South China Sea Conundrum

Recent months have witnessed renewed tensions over disputed territories in the South China Sea. In response to China’s encroaching military maneuvers and the country’s designation of the whole area as part of its indisputable sovereignty, several South East Asian countries have found themselves dangerously vulnerable. A murky legal regime has led to the emergence of a series of overlapping territorial claims in the area, but at the center of tensions are five key-actors: China, the Philippines, Vietnam, the Association of Southeast Asian Nations (ASEAN), and increasingly the United States.

read more