Minxin Pei points out that the country is repeating two of the key mistakes that helped bring down the Soviet Union.
Mark Gongloff, Bloomberg
BY ASIA TIMES STAFF
Pledge to reduce administrative intervention in transactions, develop mid and long-term investors and unblock access for asset management products
There is growing consensus that the United States is engaged in a long-term, intensifying competition with China. It's less clear what type of relationship Washington should pursue with Beijing. RAND experts say that both competition and engagement are essential to future China policy. But there is only so much the United States can—or should—do to prevent China from becoming its peer. Read more »