China: The Next Big Crash

Buoyed by its creditor's hold on the United States and its ability to withstand the harsh winds of recession blowing from across the Pacific, China has graduated in its own mind from an emerging economy to a world power. From their confrontation with Google to their renewed repression of dissidents to their dissing of President Obama, China's leaders clearly feel that the time has come for the world to accomodate China, not vice‐versa. Is the West ready for this new reality? Is China's new arrogance well‐founded, or is it going to be the next bubble to burst? As it moves beyond “the primary stage of socialism” is it ready to open up politically? In this section, some top China scholars, one of China's most well‐known dissidents and a former US spy chief discuss these issues.     

Crouching Tiger,Weakened Eagle

Buoyed by its creditor's hold on the United States and its ability to withstand the harsh winds of recession blowing from across the Pacific, China has graduated in its own mind from an emerging economy to a world power. From their confrontation with Google to their renewed repression of dissidents to their dissing of President Obama, China's leaders clearly feel that the time has come for the world to accomodate China, not vice‐versa. Is the West ready for this new reality? Is China's new arrogance well‐founded, or is it going to be the next bubble to burst? As it moves beyond “the primary stage of socialism” is it ready to open up politically? In this section, some top China scholars, one of China's most well‐known dissidents and a former US spy chief discuss these issues.     

Liu Xiaobo and China's Humiliation of Obama

Buoyed by its creditor's hold on the United States and its ability to withstand the harsh winds of recession blowing from across the Pacific, China has graduated in its own mind from an emerging economy to a world power. From their confrontation with Google to their renewed repression of dissidents to their dissing of President Obama, China's leaders clearly feel that the time has come for the world to accomodate China, not vice‐versa. Is the West ready for this new reality? Is China's new arrogance well‐founded, or is it going to be the next bubble to burst? As it moves beyond “the primary stage of socialism” is it ready to open up politically? In this section, some top China scholars, one of China's most well‐known dissidents and a former US spy chief discuss these issues.     

Cyberwar: Former Intelligence Chief Says China Aims at America's Soft Underbelly

Buoyed by its creditor's hold on the United States and its ability to withstand the harsh winds of recession blowing from across the Pacific, China has graduated in its own mind from an emerging economy to a world power. From their confrontation with Google to their renewed repression of dissidents to their dissing of President Obama, China's leaders clearly feel that the time has come for the world to accomodate China, not vice‐versa. Is the West ready for this new reality? Is China's new arrogance well‐founded, or is it going to be the next bubble to burst? As it moves beyond “the primary stage of socialism” is it ready to open up politically? In this section, some top China scholars, one of China's most well‐known dissidents and a former US spy chief discuss these issues.     

Document: Qiao Shi on China's Long March to the Rule of Law

As it prepares to host the 2008 Olympics, China's authoritarian development model, which has sustained high growth for two decades, is entering a fragile new stage. Tainted toys and other products have made the American consumers on whom China relies wary even as the debt‐and‐deficit ridden American economy relies on China's massive foreign reserves to keep going. In the meantime, China's aggressive search for raw materials in Africa is causing a backlash while its cyberspying probes into Western defense systems are reviving Cold War‐like tensions. The US treasury secretary, a top China expert and former intelligence officials offer their views.     

A Return to the Cultural Revolution in China?

China's remarkable progress has shown that modernity does not only belong to the West. At the same time, China's modernization has been largely fueled by direct investment of foreign firms which also dominate key technologies and critical positions in the global supply chain. In this section we get the real facts on the interpenetration of China and the global economy. A leading Chinese entrepreneur and thinker puts modernization with Chinese characteristics in historical perspective. One of China's leading dissidents assesses the arrest of Ai Weiwei.     

Obama and the Palestinians

America is more a creed than a nation. Our promise has always been that all individuals, despite race, religion or gender, have the equal chance to make it. The election of Barack Hussein Obama as president of the United States is thus a “soft power” coup for America's global image, which had lost its luster during the Bush years. Obama is the anti‐Bush who will lead by the power of example instead of the example of power. Yet, there are real limits. Can the power of example stop the North Korean or Iranian nuclear programs? Can it stop jihadists bent on establishing a new Caliphate across South Asia? Can it limit China's ambitions as the new power in Asia? In this section commentators from across the world offer their views.     

Obama, Look East

America is more a creed than a nation. Our promise has always been that all individuals, despite race, religion or gender, have the equal chance to make it. The election of Barack Hussein Obama as president of the United States is thus a “soft power” coup for America's global image, which had lost its luster during the Bush years. Obama is the anti‐Bush who will lead by the power of example instead of the example of power. Yet, there are real limits. Can the power of example stop the North Korean or Iranian nuclear programs? Can it stop jihadists bent on establishing a new Caliphate across South Asia? Can it limit China's ambitions as the new power in Asia? In this section commentators from across the world offer their views.     

Finally, Russia Sees America as It Really Is

America is more a creed than a nation. Our promise has always been that all individuals, despite race, religion or gender, have the equal chance to make it. The election of Barack Hussein Obama as president of the United States is thus a “soft power” coup for America's global image, which had lost its luster during the Bush years. Obama is the anti‐Bush who will lead by the power of example instead of the example of power. Yet, there are real limits. Can the power of example stop the North Korean or Iranian nuclear programs? Can it stop jihadists bent on establishing a new Caliphate across South Asia? Can it limit China's ambitions as the new power in Asia? In this section commentators from across the world offer their views.     

Muslims Will Be Disappointed

America is more a creed than a nation. Our promise has always been that all individuals, despite race, religion or gender, have the equal chance to make it. The election of Barack Hussein Obama as president of the United States is thus a “soft power” coup for America's global image, which had lost its luster during the Bush years. Obama is the anti‐Bush who will lead by the power of example instead of the example of power. Yet, there are real limits. Can the power of example stop the North Korean or Iranian nuclear programs? Can it stop jihadists bent on establishing a new Caliphate across South Asia? Can it limit China's ambitions as the new power in Asia? In this section commentators from across the world offer their views.     

Who Are We? Who Are They? The Real Facts of a Globalized Chimerica

China's remarkable progress has shown that modernity does not only belong to the West. At the same time, China's modernization has been largely fueled by direct investment of foreign firms which also dominate key technologies and critical positions in the global supply chain. In this section we get the real facts on the interpenetration of China and the global economy. A leading Chinese entrepreneur and thinker puts modernization with Chinese characteristics in historical perspective. One of China's leading dissidents assesses the arrest of Ai Weiwei.     

The West No Longer Owns Modernity

China's remarkable progress has shown that modernity does not only belong to the West. At the same time, China's modernization has been largely fueled by direct investment of foreign firms which also dominate key technologies and critical positions in the global supply chain. In this section we get the real facts on the interpenetration of China and the global economy. A leading Chinese entrepreneur and thinker puts modernization with Chinese characteristics in historical perspective. One of China's leading dissidents assesses the arrest of Ai Weiwei.     

If Americans Accept Obama, They Can Accept a Rising China

America is more a creed than a nation. Our promise has always been that all individuals, despite race, religion or gender, have the equal chance to make it. The election of Barack Hussein Obama as president of the United States is thus a “soft power” coup for America's global image, which had lost its luster during the Bush years. Obama is the anti‐Bush who will lead by the power of example instead of the example of power. Yet, there are real limits. Can the power of example stop the North Korean or Iranian nuclear programs? Can it stop jihadists bent on establishing a new Caliphate across South Asia? Can it limit China's ambitions as the new power in Asia? In this section commentators from across the world offer their views.     

Obama: The First Mestizo Leader North of the Border

America is more a creed than a nation. Our promise has always been that all individuals, despite race, religion or gender, have the equal chance to make it. The election of Barack Hussein Obama as president of the United States is thus a “soft power” coup for America's global image, which had lost its luster during the Bush years. Obama is the anti‐Bush who will lead by the power of example instead of the example of power. Yet, there are real limits. Can the power of example stop the North Korean or Iranian nuclear programs? Can it stop jihadists bent on establishing a new Caliphate across South Asia? Can it limit China's ambitions as the new power in Asia? In this section commentators from across the world offer their views.     

Chinese Hacking Signals Age of Info Warfare

As it prepares to host the 2008 Olympics, China's authoritarian development model, which has sustained high growth for two decades, is entering a fragile new stage. Tainted toys and other products have made the American consumers on whom China relies wary even as the debt‐and‐deficit ridden American economy relies on China's massive foreign reserves to keep going. In the meantime, China's aggressive search for raw materials in Africa is causing a backlash while its cyberspying probes into Western defense systems are reviving Cold War‐like tensions. The US treasury secretary, a top China expert and former intelligence officials offer their views.     

Afghanistan Needs Teachers and Clean Water as Much as More Troops

America is more a creed than a nation. Our promise has always been that all individuals, despite race, religion or gender, have the equal chance to make it. The election of Barack Hussein Obama as president of the United States is thus a “soft power” coup for America's global image, which had lost its luster during the Bush years. Obama is the anti‐Bush who will lead by the power of example instead of the example of power. Yet, there are real limits. Can the power of example stop the North Korean or Iranian nuclear programs? Can it stop jihadists bent on establishing a new Caliphate across South Asia? Can it limit China's ambitions as the new power in Asia? In this section commentators from across the world offer their views.     

Chinese Reserves Make the World Go 'Round

As it prepares to host the 2008 Olympics, China's authoritarian development model, which has sustained high growth for two decades, is entering a fragile new stage. Tainted toys and other products have made the American consumers on whom China relies wary even as the debt‐and‐deficit ridden American economy relies on China's massive foreign reserves to keep going. In the meantime, China's aggressive search for raw materials in Africa is causing a backlash while its cyberspying probes into Western defense systems are reviving Cold War‐like tensions. The US treasury secretary, a top China expert and former intelligence officials offer their views.     

“Made in China” Label Won't Survive Without Rule of Law

As it prepares to host the 2008 Olympics, China's authoritarian development model, which has sustained high growth for two decades, is entering a fragile new stage. Tainted toys and other products have made the American consumers on whom China relies wary even as the debt‐and‐deficit ridden American economy relies on China's massive foreign reserves to keep going. In the meantime, China's aggressive search for raw materials in Africa is causing a backlash while its cyberspying probes into Western defense systems are reviving Cold War‐like tensions. The US treasury secretary, a top China expert and former intelligence officials offer their views.     

Brangelina vs. Chinese Mercantilism in Africa

As it prepares to host the 2008 Olympics, China's authoritarian development model, which has sustained high growth for two decades, is entering a fragile new stage. Tainted toys and other products have made the American consumers on whom China relies wary even as the debt‐and‐deficit ridden American economy relies on China's massive foreign reserves to keep going. In the meantime, China's aggressive search for raw materials in Africa is causing a backlash while its cyberspying probes into Western defense systems are reviving Cold War‐like tensions. The US treasury secretary, a top China expert and former intelligence officials offer their views.     

Feature reviews

China is now the world's second largest oil consuming nation. China's external quest for oil has thus generated much attention and is believed by many to destabilise the world order. This article attempts to provide an overview of China's external initiatives for satisfying domestic oil demands and to examine the implications of China's oil diplomacy on regional and global political stability. The article suggests that China has taken three steps to satisfy its growing domestic demand for oil—expanding overseas oil supplies from the Middle East, diversifying its importing sources by reaching out to Africa, Russia, Central Asia and the Americas, and securing oil transport routes. This article argues that China's oil diplomacy strengthens its ties with oil-producing nations and complicates those with oil-importing nations. Nevertheless, contrary to pessimistic predictions, China's oil diplomacy has neither upset the USA's fundamental policies towards Iraq and Iran, nor has it generated armed clashes in the South China Sea. China has largely accommodated the USA in these areas and has forged joint efforts in energy exploration with its Asian neighbours, except for Japan. China's benign oil diplomacy can be explained by the minor role of oil imports in its energy consumption and, more importantly, by China's peaceful-rise strategy.