Clinton to Find China’s Economic Troubles Curb Its Leadership (Updated)

Bloomberg gives their perspective of what Secretary of State Hillary Clinton can expect when she arrives in China:

As China struggles to cope with its worst economic decline in more than a decade, it is unable to act as a leading partner in rescuing the international financial system or cutting greenhouse gases in the way President Barack Obama’s advisers have signaled they want, according to experts on the relationship.

“China’s much bigger than they were, but they’re not big enough yet to take the lead,” says Richard Cooper, a professor of international economics at Harvard University in Cambridge, Massachusetts, and chairman of the National Intelligence Council under President Bill Clinton. “We ought to stop asking the Chinese to do things and engage them in conversation.”

With policies under review and top advisers not yet in place, the greatest value of Clinton’s seven-day trip to Japan, Indonesia, South Korea and China will be symbolic.

Read about Clinton’s first major policy speech as Secretary of State in which she discusses relations with Asia. CSee also an article from The Atlantic about the significance of Clinton’s Asia trip.

Update: Asia Society has posted video of the full speech here.

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