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Begin New Search Topic International Relations Political Geography Asia Content Type Working Paper Publishing Institution Council on Foreign Relations

1. China's $1.7 Trillion Bet: China's External Portfolio and Dollar Reserves

Author:
Brad W. Setser and Arpana Pandey
Publication Date:
01-2009
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
China reported $1.95 trillion in foreign exchange reserves at the end of 2008. This is by far the largest stockpile of foreign exchange in the world: China holds roughly two times more reserves than Japan, and four times more than either Russia or Saudi Arabia. Moreover, China's true foreign port- folio exceeds its disclosed foreign exchange reserves. At the end of December, the State Administration of Foreign Exchange (SAFE)—part of the People's Bank of China (PBoC) managed close to $2.1 trillion: $1.95 trillion in formal reserves and between $108 and $158 billion in “other foreign assets.” China's state banks and the China Investment Corporation (CIC), China's sovereign wealth fund, together manage another $250 billion or so. This puts China's total holdings of foreign assets at over $2.3 trillion. That is over 50 percent of China's gross domestic product (GDP), or roughly $2,000 per Chinese inhabitant.
Topic:
International Relations, Debt, Economics, Emerging Markets, and International Trade and Finance
Political Geography:
Russia, United States, China, Israel, Asia, and Saudi Arabia

2. U.S.-China Relations

Author:
Dennis C. Blair, Carla A. Hills, and Frank Sampson Jannuzi
Publication Date:
04-2007
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
President Richard M. Nixon reached out to the People's Republic of China thirty-five years ago to advance U.S. strategic interests by balancing the Soviet Union and reinforcing the split between two former communist allies. Nixon and his national security adviser, Henry Kissinger, briefed the Chinese on Soviet forces arrayed against China and also discussed the Vietnam War and Taiwan. Nixon and Kissinger sought to change the global U.S. stance from confrontation to détente and to extricate the United States from the Vietnam War. Their mission shifted the globe's geopolitical landscape.
Topic:
International Relations and Foreign Policy
Political Geography:
United States, China, Asia, and Vietnam

3. U.S.-India Nuclear Cooperation

Author:
Michael Levi and Charles Ferguson
Publication Date:
06-2006
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The United States has long sought to prevent the spread of nuclear weapons and to build a relationship with India, a rising power but a nuclear pariah since it first exploded an atomic bomb in 1974. In announcing a sweeping negotiated framework for nuclear cooperation with India on July 18, 2005, followed by an agreement on details on March 2, 2006, the Bush administration has stirred deep passions and put Congress in the seemingly impossible bind of choosing between approving the deal and damaging nuclear nonproliferation, or rejecting the deal and thereby setting back an important strategic relationship. Yet patience and a few simple fixes would address major proliferation concerns while ultimately strengthening the strategic partnership—provided Congress and the administration work together.
Topic:
International Relations and Diplomacy
Political Geography:
United States, India, Asia, and North America

4. The United States, Japan, and China: Setting the Course

Author:
Neil E. Silver
Publication Date:
04-2000
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The political dynamics of China-Japan relations have changed in reaction to three events: the demise of bipolar world politics, China's ''rise,'' and Japan's unexpected economic stall. These changed political dynamics have brought important challenges and consequences for the United States.
Topic:
International Relations and Security
Political Geography:
United States, Japan, China, Israel, East Asia, and Asia