China

In his recent cover story for The Spectator, the Financial Times’ Gideon Rachman talked about how, in the United States, China was beginning to take on the appearance of a new Cold War-style foe. Many Americans accuse China of stealing US jobs, of keeping the its currency undervalued, of exporting deflation by selling its products abroad at unfair prices, and of failing to meet its commitments to the World Trade Organisation. Two months ago, a poll from WSJ/CNBC showed that the majority of Tea Party activists oppose free trade – seeing China as the sole beneficiary of a free trade policy. But it is not only the Tea Party that

As the G20 summit begins in Seoul, the emphasis in much of the papers is on the economic hostility between America and China. The FT’s Gideon Rachman wrote a cover piece on this matter for The Spectator two weeks ago, which we’ve reprinted here for the benefit of CoffeeHousers: In a couple of weeks’ time, David Cameron and George Osborne will arrive in China and witness at first hand an economic boom that is shaking the world. The British duo will doubtless receive a polite and outwardly respectful reception. But, as I discovered on a visit to Shanghai last week, Chinese diplomats and academics have noted the deep cuts in

For the first time since 1990, Burma went to the polls. Though the final results have not been released, most regard the election as a sham meant to cement military rule, with complex election rules put in place to exclude opposition candidates as well as interference from the junta in the campaign and a ban on foreign reporting.   Senior General Than Shwe and his camouflage-clad cohorts are likely to get away with the electoral theft. Nearly all of Burma’s neighbours -– Thailand, India and China included -– are willing to ignore the regime’s failings to obtain commercial benefits.  As The Telegraph has reported, Chinese investment in Burma stands at

The world is undergoing a permanent shift of power from West to East, with China being the biggest beneficiary and middling states (like Britain) likely to be the biggest losers. The government may, in the words of William Hague, reject any kind of strategic shrinkage. But if China’s economy continues to grow at even half the rate it has developed until now, Britain will end up looking small no matter what policy it pursues. What is the best way to deal with a country like China, which on current projections, will have a larger economy than the United States by 2050? How best to position Britain if the US and

Russia and Nato are now allies, or birds of a feather at least. The Independent reports that the twentieth century’s opposed spheres will work together for stability in Afghanistan. The attendant irony is blissful. Two years ago, machismo raged between Nato and Russia over Georgia. Why the sudden accord? There are two schools of thought, both relating to the East’s inexorable rise. Russia can no longer determine Central Asia of its own accord: China co-opted the Shanghai Cooperation Organization, a long-time pillar of Russian power in Asia, to condemn Russia’s recognition of South Ossetia and Abkhazia – a sign, to Russian eyes at least, of China’s creeping influence in Central

We have Francis Fukuyama writing a cover piece for us this week, revisiting his ‘End of History’ thesis. When he first published it, in 1989, he anticipated what was to become a consensus shared by many, including myself: that autocracy was on the way out. Communism had failed, and was being supplanted by the free society (aka the free market). Capitalism was creating wealth and liberty, and from Minsk to Gdansk people wanted it. Eastern Europe was managing a transition brilliantly. Fukuyama¹s thesis seemed to sum up an incredible spirit of optimism. Perhaps this optimism turned to hubris. After 9/11 Tony Blair and George Bush wanted to accelerate history, and