As the United States moves toward the final negotiation of the Trans-Pacific Partnership (TPP) with 11 other Pacific Rim countries, some in Congress are seeking greater input into the planned trade deal. If successfully concluded, the TPP would reduce trade barriers and harmonize regulations among partner nations, and would be the Obama administration’s biggest step yet in the direction of trade liberalization. Secretary of State John Kerry has been actively promoting the TPP, which is not yet finalized, in recent public statements. “We still need to unlock the full potential for growth in the Asia Pacific,” he said last month, […]

The Chinese Communist Party’s Third Plenum culminated last month with the release of a reform-minded document outlining significant changes in 60 key areas of the Chinese economy. In targeting government monopolies in industry, as well as controls on the flow of capital, goods and people, while calling for upgrading the quality of governance, the document successfully identifies many of the major bottlenecks to continued rapid socio-economic development. Coupled with recent events in the political sphere, the agenda represents the emergence of President Xi Jinping as a leader and the benchmarks by which he will be judged between now and the […]

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