Fight Against Terrorism Needs Support from Small Sovereign States

The global community needs the participation of countries where the IS and other terror groups have made their bases, with the help and backing of the broad masses of Muslim people in the region. Outside force has proven to be inadequate to eliminate the violence and the root causes behind it, and serious nation-building is required.

Wu Zurong, Research Fellow, China Foundation for Int'l Studies via CHINA US Focus http://ift.tt/1NtCGUT

Jostling of Two Types of World Orders

Competing visions, one with the UN as its spiritual center and the US counterview with itself at the heart of a unipolar world, are vying to shape the world’s future. The US remains the sole superpower in the world, but its attempt to remain the driving force in global governance is doomed to fail in a changing, multipolar world.

Yin Chengde Research Fellow, China Foundation for Int'l Studies via CHINA US Focus http://ift.tt/1RoKIQL

China’s Online Financial Sector Comes of Age

Last month, China’s leaders revealed details of the 13th Five-Year Plan, which will guide the economy’s trajectory until 2020. Gone are the directives to expand industrial production at a breakneck pace that characterized previous five-year plans. Now, the focus is on achieving sustainable long-term growth, underpinned by domestic consumption, a stronger services sector, entrepreneurship, and innovation.

Liu Mingkang BCT Distinguished Research Fellow, Chinese University of Hong Kong via CHINA US Focus http://ift.tt/1YJtn79

Xi Jinping’s Anti-Corruption Crusade Reaches Africa

Since the 1990’s, Sam Pa subsequently amassed a huge fortune by helping shady African autocrats sell their petroleum and minerals to China. Sam Pa was most of all a source of “rents” for several dozen corrupt politicians and officials in the resource-rich areas of Africa. However, Sam Pa’s arrest last month has put an end to his corruption.

Robert I. Rotberg, Fellow, Woodrow Wilson Int'l Center via CHINA US Focus http://ift.tt/1SvHvx4

China on Course for Capital Account Liberalization

Now that the IMF has made the RMB its fifth reserve currency, new attention is being paid to the risks associated with cross-border capital flow. Managing these risks requires active participation in global governance and rules making, in particular global exchange rate reform, balance of payment adjustment regime, capital flow management and the reform and coordination of monetary and financial policies on a global scale.

Zhang Monan, Researcher, China Int'l Economic Exchanges Center via CHINA US Focus http://ift.tt/1Ttp3Ww

G20 Committed to Inclusive Development

The Group of 20 summit was held in Antalya, Turkey on 15-16 November. Leaders of the member states vowed to strive for a strong and inclusive growth of economy with enhanced investment as the growth engine. They pledged to increase inclusiveness in action so that the growth will benefit everybody.

Zhuang Yu, Liu Cun via CHINA US Focus http://ift.tt/1Nk8A1I

Playing the “Great Game” between U.S. and China in Burma

China and the U.S. are waging a bitter but so far nonviolent struggle in Burma. And the U.S. appears to be winning. For Burma, opening to the West was the answer; sanctions were eased, Western leaders rushed to visit, and business investment flowed in.

Doug Bandow, Senior Fellow, Cato Institute via CHINA US Focus http://ift.tt/1PqpVwI