Women walk by an electronic billboard showing China’s GDP index on a commercial office building, in Shanghai, Aug. 24, 2021 (AP photo by Andy Wong).
After two to three decades during which Beijing supported the marketization of the Chinese economy and the growing role of the private sector, many analysts now worry that the Chinese Communist Party has turned its back on its earlier commitment to market-oriented reforms. For example, Stephen Roach, an economist at Yale University and former chairman of Morgan Stanley Asia, worries in a recent essay that the Chinese government’s current focus on re-regulation and income redistribution is undermining “the heart of the market-based ‘reform and opening up’ that have underpinned China’s growth miracle.”  Indeed, in recent years Beijing has implemented a series [...]
Then-U.S. Vice President Joseph Biden and then-Chinese Vice President Xi Jinping inspect a guard of honor during a welcome ceremony at the Great Hall of the People, Beijing, Aug. 18, 2011 (AP photo by Ng Han Guan).
Editor’s Note: WPR editor-in-chief Judah Grunstein is filling in today for Stewart Patrick, who will be back next week. U.S. President Joe Biden will hold a video summit Monday with his Chinese counterpart, Xi Jinping, their first face-to-face encounter since Biden took office in January. The meeting, which is reportedly the culmination of background exploratory talks over the past month, follows several high-profile encounters between top-level officials that veered toward the explosive. Sparks flew in Anchorage, Alaska, when both sides’ senior diplomats met for the first time in March. More recently, Wendy Sherman, deputy secretary of state, faced an acrimonious [...]
Climate protesters demonstrate outside the local government legislature’s offices in Johannesburg, South Africa, Sept. 20, 2019 (AP photo by Themba Hadebe).
The standard, “flirting with apocalypse” narrative that dominates U.S. media coverage and political debates regarding climate change goes something like this: China, which is the world’s biggest carbon emitter, and India, which is lightly industrialized and still quite substantially poor, currently represent the biggest threats to saving the environment. The supposedly more altruistic West, by contrast, is prepared to make huge investments to forestall disaster. People who cling to this all-too-easy framing correctly say that if the world’s two most-populous countries do not radically constrain their carbon output, nothing the United States or Europe can do, including rapidly attaining net-zero [...]
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