China’s reluctance to restrain North Korea comes with a price, putting it at odds with its three biggest trading partners and threatening to drive South Korea and Japan into a closer alliance with the U.S.
U.S. Defense Secretary Leon Panetta left today on a mission to reassure Chinese leaders that the Obama administration’s pivot to Asia isn’t meant to provoke a confrontation over China’s increasingly assertive posture toward its neighbors.
Analysts including Columbia University’s Andrew Nathan, the Brookings Institution’s Kenneth Lieberthal and University of Sydney’s Kerry Brown comment on China’s decision to expel former Politburo member Bo Xilai from the Communist Party.
When President Barack Obama met Chinese President Xi Jinping last month in California, the relaxed setting beside man-made lakes shimmering in the desert heat was intended to herald an era of cooperation between the leaders of the world’s two largest economies.
China and the U.S. should deepen cooperation and become more interdependent, the Communist Party’s flagship newspaper said in a commentary today, signaling that new leader Xi Jinping may seek closer ties.
The richest 70 members of China’s legislature added more to their wealth last year than the combined net worth of all 535 members of the U.S. Congress, the president and his Cabinet, and the nine Supreme Court justices.