China’s admission to the World Trade Organization (WTO) in December 2001 increased foreign participation in and advanced the reform of China’s financial sector, but critical issues, not covered by the terms of accession, are still outstanding. For example, how and how fast should China liberalize... MORE

While China and the United States are increasingly deepening their economic, trade and financial interdependence, Beijing’s experiment on the global stage is being closely monitored by Washington for its national security implications. Such is the case concerning China’s newly established sovereign wealth funds (SWFs) under... MORE

First, it was the massive accumulation of China’s foreign reserves in Beijing's wallet, the largest in the world, with $1.4 trillion. A major portion of that money has flowed into the U.S. Treasury bonds, subsidizing much of the Bush administration’s deficit-driven economy. Then, there was... MORE

The true level of China’s current defense budget is difficult to calculate, but projecting future trends in Beijing’s military spending entails struggling with even greater uncertainties and complexities. Forecasts of Chinese military spending over the next 10-20 years vary widely depending on the methods employed,... MORE

The true level of China’s current defense budget is difficult to calculate, but projecting future trends in Beijing’s military spending entails struggling with even greater uncertainties and complexities. Forecasts of Chinese military spending over the next 10-20 years vary widely depending on the methods employed,... MORE

While widely recognized as holding conservative ideological and political views, the Hu Jintao leadership has been given reasonably high marks for pushing forward economic reforms first initiated by the late patriarch Deng Xiaoping. According to World Trade Organization provisions, the Chinese Communist Party (CCP) has... MORE