China in 2011 and beyond
January 19, 2011 / Martin Jacques, Joseph Quinlan, Andrew Small
GMF Blog
A New Balance of Power Requires a U.S.-China Modus Vivendi
By Martin Jacques
President Hu Jintao’s state visit here has afforded a vantage point from which to view the changing relationship between China and the United States. Although neither government has been willing to acknowledge it publicly, the Western financial crisis marked a major shift in the balance of power between the two countries. The Chinese, true to their style, have remained silent on the issue, while the United States has found it extremely difficult to admit that China is now, in effect, its equal in many respects. Publicly both have been in denial, but behind closed doors, at least in China, it is rather different.
What China Really wants from the U.S. and Europe
By Joseph Quinlan
China has some $2.8 trillion in international reserves, placing the Middle Kingdom at the center of global finance. This is a geo-strategic advantage not lost on Beijing, but one not yet fully understood in the West. It is a lesson U.S. President Barack Obama needs to take away from his meeting this week with Chinese Premier Hu Jintao. If the United States and Europe want help with their sovereign debt, and help creating jobs, they must be willing to accept more Chinese investment.
China steps forward, moves backward
By Andrew Small
Hu Jintao’s visit to Washington comes after what can only be described as a bad year in Chinese diplomacy. Beijing has long managed its foreign relations with a laser-like focus on ensuring an advantageous environment for its economic development and an unchecked accumulation of power, in part by reassuring its neighbors and the United States of its peaceful intentions. But since China’s successful emergence from the global economic crisis, important constituencies have decided that the moment for biding their time has passed. So Beijing has pushed to convert its strengthened position into more tangible political rewards and has taken an increasingly uncompromising stance in its relations with the rest of the world.
By Andrew Small
Hu Jintao’s visit to Washington comes after what can only be described as a bad year in Chinese diplomacy. Beijing has long managed its foreign relations with a laser-like focus on ensuring an advantageous environment for its economic development and an unchecked accumulation of power, in part by reassuring its neighbors and the United States of its peaceful intentions. But since China’s successful emergence from the global economic crisis, important constituencies have decided that the moment for biding their time has passed. So Beijing has pushed to convert its strengthened position into more tangible political rewards and has taken an increasingly uncompromising stance in its relations with the rest of the world.



