[Abstract] In his article Five Ways That China Could Get Rid of Its Dependence on US Debt, published on Foreign Affairs in December, 2013, Mr. Derek Scissors, explained how to untangle Chinese bond knot, and proposed five possible ways. He argued that each way is difficult to implement, China, nonetheless, has to choose one of the five ways as a start. Mr. Scissors is a well-known American expert in Chinese issues and has long been a Research Fellow at the Heritage Foundation. His opinions are worth thinking about.
[Abstract] In his paper Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds, the well-known American economist Robert Gordon, argues that the economic growth of industrialized countries actually began in the 18th century and the golden period of the U.S. economic growth is from 1906 to 1950, with a GDP growth per capita of 2.5%, thanks to the Second Industrial Revolution. Due to feeble technological innovation, nonetheless the U.S. economy will continue to slow down until 2100.
[Abstract] In his paper Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds, the well-known American economist Robert Gordon, argues that the U.S. innovation will continue to stagger forward but will confront six challenges in the future. Specifically speaking, the demographic dividend begins to disappear, the proportion of college-educated is decreasing gradually while unequal income distribution is on the rise, the impact of globalization on American middle-class, the energy and environment costs will push up products’ price and the overhang of consumer and government debt.
[Abstract] On September 9, 2013, Daniel Rosen, visiting fellow at the Peterson Institute for International Economics made comments on the Sino-U.S. economic relations, pointing out that institutional cooperation and governance, trade, bilateral investment and cyber security are the major issues affecting Sino-U.S. economic relations. The new leaders of China are promoting a great variety of reforms and this is expected to increase the potential for Sino-U.S. economic relations and produce upgraded relations in the future.
[Abstract] With the increase in the employment, growth and investment of energy economy, the British government intends to boost its investment in new energy infrastructure to realize emissions reduction and reduce energy consumption. Specifically speaking, the main measures are setting the price for renewable energy and initiating the capacity market.
[Abstract] The newly appointed U.S. trade representative recently testified in the house of representatives, saying that the signed TPP (Trans-Pacific Partnership ), TTIP (Trans-Atlantic Trade and Investment Partnership) and TISA (Trade in Services Agreement) will use 65% of the global economy to create free trade. Furthermore, he made a speech entitled Japan, the U.S. and Asia-Pacific in the 21st Century, arguing that Japan plays a significant role in America’s implementation of the Rebalancing Strategy in Asia-Pacific. Apart from that, Japan could play the leading role in TPP negotiation.
[Abstract] On 23 July 2013, Mr. Sander Levin, senior member of the U.S. House Ways and Means Committee delivered a speech at Peterson Institute for International Economics, announcing his proposal for negotiating TPP (Trans-Pacific Partnership Agreement) with Japan. He believed that the rules of the TTIP (Transatlantic Trade and Investment Partnership Agreement) should be able to solve such problems in relation to 21st-centry SOEs (State-Owned Enterprises), environment protection, IP protection and exchange rate manipulation. Furthermore, he noted that the U.S. congress should strengthen its role in trade agreement negotiation by enhancing legislation.
[Abstract] The second Global Important Affairs assembly of experts was held recently in CCIEE. Mr. Li Changjiu, Researcher of Research Center on World Issues, Xinhua News Agency, pointed out that all the major nations have launched new innovation strategies, which symbolizes that the fourth technological revolution has begun.
[Abstract] On his visit to CCIEE, Prof. Jason Bordoff, Director of Center on Global Energy Policy, Columbia University and former Special Assistant to President Obama, talked about the adjustment of America’s energy policy. He pointed out that America’s energy is no long in shortage but abundant, thus, its energy policy should be adjusted accordingly. Specifically speaking, it should adjust the energy infrastructure layout, relax restrictions on export of oil and gas and make flexible policy to cope with climate change.
[Abstract] Recently, Mr. Kiyoyuki Seguchi, Research Director of Canon Institute for Global Strategy Studies, and Mr. Takeshi Minami, Chairman of Norinchukin Research Institute paid a visit to CCIEE and briefed CCIEE researchers on Japan’s economic and financial trend. They believed that Japan is trying to walk out of the stagnation, but its goal of 2% inflation can hardly be achieved. In terms of TPP (Trans-Pacific Partnership Agreement), they argued that Japan’s entry to TPP will do more good than harm.
[Abstract] In his paper published on Foreign Affairs (Jun/Jul Issue), Michael Levy, Senior Fellow for energy and environment, Council on Foreign Relations, pointed out that America’s energy output continues to increase, the expansion of shale gas and oil production has enhanced America’s energy independence. Furthermore, the diversified energy industry will have significant impact on America’s economy, security and environment protection.
[Abstract] According to a report released by Goldman Sachs, the infrastructure investment in four of the ASEAN nations, Malaysia, Thailand, Indonesia and Philippine is expected to reach 500 billion USD from 2013 to 2020. This will improve their fixed-asset investment and hence to balance their international balance of payment. The four nations especially Thailand and Philippine, have limited public finance, inadequate savings rate and thus can hardly meet the needs of investment in infrastructure, which implies great investment opportunity for other nations such as China.
[Abstract] Jonathan D. Pollack, Director of the John Thornton China Center, who also worked at RAND Corporation and the US Navy War College, is a well-known expert in East Asian international politics and security and has long followed the Korean Peninsula issue. In his speech made at Tsinghua University on April 23, 2013, he argued that DPRK has its unique historical features and China’s involvement has made this issue more complex. The nuclear experiment of the DPRK challenges the current political and military pattern in Northeastern Asia. China’s view on DPRK is also changing and it will probably not be able to play the special role as it did before.
[Abstract] In his article published in the US magazine Foreign Affairs (Jan.-Feb. 2013), Roger Altman, former US Deputy Secretary of the Treasury discussed the direction of the US and European economies after the financial crisis in 2008 and the European sovereign debt crisis. He believes that their economic growth tend to be more robust. As for the US, the recovery will be faster due to recovery in the real estate market, increasing oil production, strengthened banking supervision and improved manufacturing. Europe’s economic recovery will be somewhat slow but is getting more stabilized.
[Abstract] The 2012 Go To Think Tanks Report and Policy Advice predicts the twelve trends of global think tank development: globalization, growth of international bodies, democratization and decentralization of power, increasing demands for independent information and analysis, increased complexity of policy issues, new tech revolution and technological change, open debates about government decision-making, global hackers, anarchism, populism movements, global economic structural adjustment, economic crisis and political paralysis.
[Abstract] The 2012 Go To Think Tanks Report and Policy Advice analyzs the twelve challenges facing global think tanks, namely, dramatic shifts in funding patterns, increased specialization and competition, influence and independence, outputs and impact, non-governmental think tanks, hybrid organization, internet, new media, social network and the impact of “Cloud” technology.
[Abstract] On January 24, 2013, the Think Tanks and Civil Society of the University of Pennsylvania released the 2012 Go To Think Tanks Report and Policy Advice. The report ranks global think tanks by the categories of region, areas of research, special achievement and other categories. Among the Top 100 Think Tanks in The World, five of them are from China. In the 2011 Best New Think Tanks, China Center for International Economic Exchanges is ranked No. 3.
[Abstract] In a paper published on the website of Peterson Institute for International Economics, Thilo Hanemann, Director of the Research Department at the Rhodium Consulting(a U.S. consulting firm), summarized China’s direct investment situation in the U.S. in 2012. He pointed out that China’s direct investment in the U.S. reached a record high. However, Chinese enterprises still face political barriers. Hanemann argued that the U.S. should create an open environment for foreign investment in its own interest.
[Abstract] At his article published in Foreign Affairs (November-December, 2012), Thane Gustafson, Professor of Political Science at Georgetown University, discussed the great role played by the petrol industry in Russia’ economic and political development. He pointed out that it is unsustainable to use profits gained from petrol industry to subsidize other economic sectors and social security. The best path for Russia’s future development is to speed up fiscal reform and encourage the privatization of petrol industry.
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