Some critics claim that the People's Bank of China is contriving to weaken the yuan's value to promote Chinese exports and stimulate the country's lagging growth. But the yuan's true value may be lower than some popular estimates.
India has never had an election like this one—and its political landscape will likely never be the same again. Narendra Modi, India's most polarizing political figure in a generation, will become prime minister with a virtually unchecked mandate.
Despite international concerns about an increasingly assertive China, there has been little systematic assessment of whether Chinese military strategy is changing. On April 30, experts, scholars, and government analysts gathered at RAND Corporation offices to evaluate changing Chinese strategic thinking.
If elected, Modi could turn out to be the politician that India's Congress accuses him of being, focusing on an internal agenda that discourages foreign engagement. The U.S. would no doubt prefer that he follow the economic course he charted in Gujarat.
As much as China may wish to lean on Russia should Beijing find itself at odds with the United States, Xi seeks a new type of great power relationship with the United States that calls for mutual respect, no confrontation, and cooperation.