 Interview: In his new book, “Gaining Currency: The Rise of the Renminbi,” Eswar S. Prasad describes how China’s view of its currency has evolved, starting from the Han dynasty — China invented paper money, of course — to today’s globally ambitious leadership…In an interview, he explained China’s motivations, how money can be a back door to overhauling the country’s financial system and why some people fear a financially powerful China. – New York Times Report: The fundamental premise of the Rebalance is that the history of the twenty-first century will be written in Asia. How the United States protects its allies and interests, contributes to institution building and security provision, and helps to manage a rising China will determine whether it can maintain a twenty-first century regional leadership role. This strategic turn has a central, but by no means exclusive, role for the Department of Defense. This study seeks to assess some of the Pentagon’s leading Rebalance initiatives to date, with an eye to helping a new administration to strengthen these efforts. – Center for a New American Security
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