Counteraction to China?Impact of the U.S.International Development Finance Corporation on China’s Development Finance

The United States passed the Better Utilization of Investment Leading to Development(BUILD Act),as a counterweight to China’s overseas development activities.Under the Act,the US established a new federal agency,the U.S.International Development Finance Corporation(DFC),to enhance U.S.development financing capabilities.To better understand the impact of the DFC on China’s development finance,this article analyzes the DFC’s purpose,functions,structure,and funding.Then it focuses on the purpose of establishing the DFC,providing a preliminary analysis of the potential motivation for its establishment.It also compares the China Development Bank(CDB)and the DFC based on their focused sectors.Finally,through an in-depth analysis of financial frictions in China-U.S.relations,this article argues that the DFC competes with China’s overseas development financing activities in the context of broader strategic competition between China and the U.S.

Bush' s China Policy and the Future of Sino-U.S.Relations

The past two years have witnessed great fluctuations ininternational oil prices,and diplomatic efforts,both above andunder the table,by major powers around this issue.The currenttension in the war-threatened Iraq has added more uncertainties to thefuture world oil situation.Will the world oil supply and demand change?What impact would this exert on big powers’ oil strategy choices,geopolitics as well as world economy?What should China do in such asituation?To find the answers to these questions,at the invitation of theeditor of the Contemporary International Relations,seven experts fromChina Institute of Contemporary International Relations gathered to have adiscussion in early February this year.Naturally,they have differentviews over many issues.Still,we hope our readers would find theirdiscussion interesting.Following is the list of participants.

China’s alfalfa market and imports: Development, trends, and potential impacts of the U.S.-China trade dispute and retaliations

This study examines the development and trends of China’s alfalfa market and imports, identifies key factors for the rapid increase in China’s alfalfa imports, and discusses potential impacts of the U.S.-China trade dispute and retaliations on the alfalfa markets and trade in both nations. China’s rapid transition toward larger-scale commercial dairy production, with enhanced feed and cost management as well as quality and safety control, and its limited resources for high-quality alfalfa production are key factors for the dramatic increase in its alfalfa imports, from 19 601 metric tons in 2008 to 1.38 million metric tons(mmt) in 2018. While the United States dominated China’s alfalfa imports with an average share of 97.01% from 2007 to 2017, the share dropped to 83.76% in 2018 and 63.28% in January 2019 due to the trade dispute and retaliations started in 2018. China will likely remain a large importer of alfalfa because of both its growing demand and the comparative advantages of imported alfalfa in quality and price, but the imports from the United States will be highly affected by the ongoing trade dispute and negotiations. China is also expected to make more efforts to reduce its dependence on U.S. alfalfa through increased investment in domestic alfalfa production and identification of alternative sources of alfalfa and other hay imports.

Redefining a U.S.Strategy toward China:Smart Policy and its Implications

The redefinition of the U.S.policy toward China since Barack Obama’s election has been based on a compromise between elements of hard power(military,economy) and soft power(influence,dialogue,persuasion).This new posture has been defined by several experts and policymakers as a"smart policy".However,considering the rise of China and its implications both at economic and political levels,what is the real margin of Washington in its relation with Beijing,and what are the long term implications of the smart policy? If the China policy is a priority for the Obama administration,the challenges for Washington are particularly sensitive, considering the consequences of a failure in implementing comprehensive China-U.S.relations.

Assessment of China's International Environment and U.S. Strategic Trend

It is of great significance to have a clear understanding of the international environment that China faces. But this is an uneasy job. Since September 11, the world situation has become so complicated that it is hard to grasp its essence even with painstaking efforts. To judge such an already complicated international environment from China’s perspective adds more difficulties, for different people usually have different views due to the different angles from which they see the situation and different methods they adopt. This, understandably, leads to hot debates within the Chinese academic circles. To provide a stage for exchange of views, at the invitation of the CIR Expert Forum, some well-known scholars and experts on international relations from Beijing gathered to hold a symposium on November 5, 2002, with the theme of "How to assess the international environment that China faces". The speeches at the symposium will be published in two installments. Following are the first half.

U.S. withdrawal from the Paris Agreement: Reasons, impacts, and China's response

Applying qualitative and quantitative methods, this article explains the driving forces behind U.S. President Donald Trump's decision to withdraw from the Paris Agreement, assesses the impacts of this withdrawal on the compliance prospects of the agreement, and proposes how China should respond. The withdrawal undercuts the foundation of global climate governance and upsets the process of climate cooperation, and the impacts are manifold. The withdrawal undermines the universality of the Paris Agreement and impairs states' confidence in climate cooperation; it aggravates the leadership deficit in addressing global climate issues and sets a bad precedent for international climate cooperation. The withdrawal reduces other countries' emission space and raises their emission costs, and refusal to contribute to climate aid makes it more difficult for developing countries to mitigate and adapt to climate change. Cutting climate research funding will compromise the quality of future IPCC reports and ultimately undermine the scientific authority of future climate negotiations. China faces mounting pressure from the international community to assume global climate leadership after the U.S. withdraws, and this article proposes that China should reach the high ends of its domestic climate targets under the current Nationally Determined Contributions; internationally, China should facilitate the rebuilding of shared climate leadership, replacing the G2 with C5. Meanwhile, China needs to keep the U.S. engaged in climate cooperation.

China catches up with the U.S. as the world's largest manufacturer

This paper compares the internal structures of the manufacturing industries in China and the U.S. from 1998 to 2005 and leads to three major discoveries: First, the gaps between China and the U.S.'s manufacturing capacity have been narrowing at a high speed in the last seven years, during which the share of added value of China's manufacturing industry to that of the U.S. increased from 13% to 52%, and then reached 76% in 2007. Second, the labor force employed in China's manufacturing industry increased by 50%, of which the increase in capital and technology-intensive production sectors exceeded that in labor-intensive sectors. Meanwhile, the labor force employed in the U.S. manufacturing industry decreased. Third, labor productivity in China's manufacturing industry increased by 2.78 times, and profits increased by 2.21 times, much higher than the U.S. growth rates of 18.2% and 49.5%. Obviously, the narrowing gaps between China and the U.S.'s production capacities mean China's industrial progress and the hierarchy of world industrial powers will be rearranged.

EU vs. U.S. , Russia and China

Since George W. Bush assumed the presidency in early 2001, a tense situation had occurred in the relationships among world big powers. In the aftermath of September 11,significant improvement has been made in Sino-U.S. and Russia-U. S. relations. In the meantime, corresponding changes have taken place in EU-U. S.and Russia-China relations.

Readjustment in U.S. Foreign Policy

At the dawn of the new century, the Republicans returned to the White House after eight years in opposition. When President George W. Bush and his foreign policy team were striving to realize their diplomatic ambition, the events of September 11 led them to readjust their foreign policy, thereby a remarkable feature can be seen in Mr. Bush’s initial diplomacy.

The Third U.S.-China Strategic Economic Dialogue

At Grand Epoch City near Beijing on December 12 and 13, the United States and China held the third Strategic Economic Dialogue (SED).As special representatives of President George W. Bush and President Hu Jintao,Treasury Secretary Henry M. Pauslon,Jr. and Vice Premier Wu Yi served as cochairs of the SED.……

Lessons from the coronavirus disease 2019(COVID-19)pandemic response in China,Italy,and the U.S.:a guide for Africa and low-and middle-income countries

Africa can be"left behind"after other advanced continents recover from the coronavirus disease 2019(COVID-19)pandemic as reflected by the global pandemic of HIV/MDS.In this paper,we summarize potentially adaptable,effective and innovative strategies from China,Italy,and the U.S.The purpose is to help African countries with weaker healthcare systems better respond to the COVID-19 pandemic.China,being the first to report COVID-19 infection swiftly swung into anti-epidemic actions by the use of innovative risk communication and epidemic containment strategies.Italy and U.S.,the next rapidly hit countries after China,however,experienced sustained infections and deaths due to delayed and ineffective response.Many African countries responded poorly to the COVID-19 pandemic as evidenced by the limited capacity for public health surveillance,poor leadership,low education and socioeconomic status,among others.Experience from China,Italy and U.S.suggests that a better response to the COVID-19 pandemic in Mrica needs a strong public health leadership,proactive strategies,innovative risk communication about the pandemic,massive tests and isolation,and scaling-up community engagement.Lastly,African countries must collaborate with other countries to facilitate real-time information and experience exchange with other countries to avoid being left behind.

Accreditation System of Distance Higher Education in the U.S. and Its Implications for China

Distance higher education is an important component of the Chinese higher education.How to enhance the quality of distance higher education is one of the key issues to be addressed in the research areas of distance education and higher education.As a crucial step to quality improvement,the constitution of accreditation system in distance higher education balances the benefits of all parties involved.This paper explores the American accreditation system of higher education and distance education and concludes with suggestions for the constitution of the Chinese quality assurance system:1)establishing third-party institutions to share part of the government roles;2)constituting the accreditation system;3)setting up appropriate standards;4)publicizing results of quality assurance work;and 5)building internal quality assurance mechanism.This paper is aimed to provide some reference to the constitution of accreditation system of distance higher education in China,facilitate the solution of quality problems in distance education,and promote the continuous improvement and development of distance education in China.

China and the U.S.:Equality and Beyond

EIGHT years ago in 2009,when President Barack Obama was in Beijing for his first China visit,U.S.media such as CNN covered the trip by focusing on"whether China will develop a sense of global responsibility"as it grows bigger and bigger.A CNN talk show host pressured her Chinese guest on tough topics like human rights and global responsibility.As his country was scrutinized,questioned,

On with the Show China and the U.S.Tango Together on the World Stage

AS the world enters a new year,its largest developed nation and developing nation approach the 40th anniversary of the start of normalization process of diplomatic relations. Defined by dramatic twists and turns,the China-U.S. relationship has bounced back and forth from such optimistic events as the tentative contact during the Ping Pong Diplomacy of 1971,President Nixon’s visit in 1972,

China Textile Giant Acquires U.S. Garment Firm for $120 mln

Youngor Group Co., Ltd., China’s leading textile manufacturer, has acquired XinMa Apparel International Limited for 120 million U.S. dollars, the

China to Become U.S. Third Largest Export Market by Year End

China is likely to become the third biggest importer of goods from the United States within a year after five straight years as the fastest growing U.S. export market. Chinese Vice Minister of Commerce Gao Hucheng said on Thursday that China was expected to overtake Japan as the third largest U.S. export market at the end of this year or early next year.