US–China rivalry: does Asia have to choose?

US President Barack Obama and Chinese president Xi Jinping walk the colonnade of the White House, Washington, DC, USA, 25 September 2015. (Photo: AAP).

Author: Hugh White, ANU

Can America preserve the US-led regional order by resisting China’s challenge to replace it with ‘a new model of great-power relations’? That depends a lot on how much support the United States can expect from its friends and allies in the region. Read more…

China’s RMB balancing act

Yuan banknotes are pictured in Beijing, China on 16 February 2014. China is facing the difficult task of transitioning to a floating exchange rate. (Photo: AAP).

Author: Editors, East Asia Forum

China is aiming to transition to a floating exchange rate — freely determined by the market — and to free capital flows in and out of China with an open capital account over the next decade. If this objective can be achieved, it will be unequivocally good for China and the global economy. Read more…

China still has room to move on RMB

A Chinese clerk counts yuan banknotes at a bank in Linyi city, Shandong province on 18 October 2012. Despite renminbi depreciation expectations, with the right policy mix, China should be able to stabilise the exchange rate. (Photo: AAP).

Author: Yu Yongding, CASS

In the first quarter of 2014, the People’s Bank of China (PBoC) finally succeeded in breaking persistent renminbi (RMB) appreciation expectations. Unfortunately, the subsequent RMB depreciation coincided with the weakening of China’s economic fundamentals. Read more…

China’s challenges in 2016

Chinese President Xi Jinping visits the parliament in Cairo, Egypt on 21 January 2016. (Photo: AAP).

Author: Kerry Brown, King’s College London

For China, the story for its economy in 2015 simply reinforced what was already becoming apparent through 2014. GDP growth was slowing, and the political capital the Communist Party could collect from lauding this one statistic was diminishing. Read more…

Are East Asian states really hedging between the US and China?

President Barack Obama pauses during a joint news conference with Chinese President Xi Jinping in the Rose Garden of the White House in Washington. (Photo: AAP)

Authors: Darren J. Lim, ANU and Zack Cooper, CSIS

The term ‘hedging’, one of the most widely used in contemporary discussions on East Asian security, is intended to capture the fact that most states in the region face conflicting economic and security interests. States wish to maximise trade and investment ties with Beijing and welcome China into the region’s political order, but also feel the need to maintain a close security relationship with Washington. Read more…

Whither cross-Strait relations?

Taiwan opposition leader and president-elect Tsai Ing-wen, speaks after receiving the certificate from Central Election Commission being elected as President, in Taipei, Taiwan. (Photo: AAP)

Authors: Hoo Tiang Boon and James Char, RSIS

What does the victory of the independence-leaning Democratic Progressive Party’s (DPP) Tsai Ing-wen in Taiwan’s presidential election mean for cross-Strait relations? Today’s Democratic Progressive Party (DPP) is a considerably different political animal to former president Chen Shui-bian’s DPP. Read more…

Japan must carefully evaluate China’s strategic intentions

Japan Ground Self-Defense Force's Type-89 armored combat vehicles flare up a smoke screen during an annual live firing exercise at Higashi Fuji range in Gotemba, southwest of Tokyo. (Photo: AAP)

Author: Satoshi Amako, Waseda University

There is no doubt that China is building up its military capabilities. Nor that Japanese Prime Minister Shinzo Abe played up the threat of China, which spends three times as much as Japan does on its national defence, as a justification for new security legislation in Japan. But deeper scrutiny of this issue requires a broader perspective on China’s strategic intentions.
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