China

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Snapshot,
Paul Gillis

In September, Alibaba Group launched the largest IPO in history, raising $25 billion from investors keen to own a slice of China’s most successful e-commerce company. For the moment, the potential for vast wealth overrode concerns about the unusual corporate structure and governance practices of Alibaba and firms like it. Maybe it shouldn’t have.

Snapshot,
Rebecca Liao

The Fourth Plenum took a bureaucratic view of the judiciary, treating it as an ally to the regime in improving governance rather than as the people’s advocate against that regime.

Essay, Nov/Dec 2014
Elizabeth C. Economy

Xi Jinping’s reforms are designed to produce a corruption-free, politically cohesive, and economically powerful one-party state with global reach: a Singapore on steroids. But there is no guarantee the reforms will be as transformative as the Chinese leader hopes.

Snapshot,
Andrew S. Erickson and Adam P. Liff

In uncritically signing on to Chinese President Xi Jinping's “new type of great-power relations” concept, the Obama administration fell into a trap. It has what is most likely its last major chance to dig itself out when Obama visits Beijing next month for a follow-up summit.

Snapshot,
John Delury

There is nothing inevitable about democratization China. But neither, as one former Obama administration official argued, is the students’ call for genuine democracy a mere “pipe dream.” For what history does record are long and hard-fought struggles between competing visions of political life and social order, and the students in Hong Kong have made themselves heard and their vision known.

Snapshot,
Jeffrey Wasserstrom

Today in Hong Kong -- and on the mainland in 1989 -- something specifically local was at stake. And that is why China’s own history is the most important place to look for guidance about what comes next.

Snapshot,
Robert A. Manning

As if the world didn’t have enough problems, North Korea seems to be gearing up to add a few more. According to the New York Times, commercial satellite imagery has confirmed that Pyongyang recently upgraded its main satellite launching facility, which will enable it to test an intercontinental missile.

Snapshot,
Alan Greenspan

In today's world of fiat currencies and floating exchange rates, a return to the gold standard seems to be nowhere on anybody’s horizon. Yet gold still has special properties that no other currency can claim -- which is why China is boosting its holdings.

Snapshot,
Joshua Eisenman

Beijing has become less open to foreign businesses, subjecting them to costly fines, denying their mergers, refusing their applications for licenses, and detaining and deporting their managers. And the market has responded: In August, foreign direct investment into China fell by 14 percent from the previous year, following a 17 percent drop in July.

Video,

Justin Vogt, deputy managing editor of Foreign Affairs, sits down with Evan Osnos, author of Age of Ambition. They discuss Chinese spirituality, Beijing's censorship of journalists, and President Xi Jinping's aggressive anticorruption campaign.

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