China is declaring the G20 economic summit, held in the eastern Chinese city of Hangzhou, a resounding success. But in the aftermath of the confab, it’s not easy to specify what, exactly, was achieved.
The positives: There were no public protests. The US and China renewed old vows to curb greenhouse gases. China’s president Xi Jinping and Japan’s prime minister Shintaro Abe managed to scowl a little less than usual while posing for photos after their bilateral meeting. The final communique refrained from singling out China for flooding global markets with low-cost steel.
For the most part, though, the gathering seemed to reinforce, at least for observers outside China, the impression that this year’s host country is a tense and uptight place. Continue reading “About face”
I finally got around to reading Gideon Rachman’s essay in the Life & Arts section of the Financial Times. I know, it was last weekend’s Life & Arts section. But the ponderous title, “War and peace in Asia,” gave me pause.
In fairness, Rachman is a graceful writer. He marches briskly through “5,000 years of Chinese civilization,” Europe’s rise and fall and America’s emergence and decline as the world’s preeminent superpower, arriving finally at what he sees as the paradox of US foreign policy during the Obama years:
The US has deliberately hung back from deeper involvement in the Middle East, partly because it is attempting to preserve its power and resources for a struggle with a rising China. Yet power is also a matter of perceptions. So the vision of America that is less committed to playing the role of global policeman in Europe and the Middle East has–ironically–also sown doubts about the durability of US power within Asia itself.
Rachman believes that, if Hilary Clinton triumphs in the U.S. presidential election, she will remain committed to the twin pillars of U.S. foreign policy since 1945: maintenance of open global markets and the U.S. alliance system. But Rachman says the stability of those pillars is being steadily undermined by the “easternization” of global economic and political power.
Continue reading “The “weird irrationality” of America’s China policy”