{"id":123151,"date":"2011-08-11T23:14:33","date_gmt":"2011-08-12T06:14:33","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=123151"},"modified":"2011-08-11T23:14:33","modified_gmt":"2011-08-12T06:14:33","slug":"what-will-vice-president-biden-find-in-china","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2011\/08\/what-will-vice-president-biden-find-in-china\/","title":{"rendered":"What Will Vice President Biden Find In China?"},"content":{"rendered":"<p>Evan A. Feigenbaum reports in his blog, Asia Unbound, on Vice President Biden&#8217;s recent talk at the opening session of the 2011 U.S.-China Strategic and Economic Dialogue.\u00a0 Feigenbaum identifies<strong> <a href=\"http:\/\/globalpublicsquare.blogs.cnn.com\/2011\/08\/09\/what-will-vice-president-biden-find-in-china\/\">five fundamental Chinese policies America should be concerned with<\/a><\/strong>.\u00a0 CNN reports:<em><strong><\/strong><\/em><\/p>\n<blockquote><p>1.\u00a0 Biden will find a China whose rise depends on economic growth but whose growth model is no longer sustainable.<\/p>\n<p>Bluntly put, China\u2019s leaders know that their capital-intensive,  export-oriented approach is delivering diminishing returns and threatens  to become a major political vulnerability for the government. The  global economic crisis provided clear evidence that China\u2019s  export-driven economy is vulnerable to dips in demand in the rest of the  world. Meanwhile, its dependence on investment has introduced  distortions and imbalances into the Chinese economy.<\/p>\n<p>Why should this matter to Biden and the United States?<\/p>\n<p>Washington has spent years urging China to \u201crebalance\u201d its economy:\u00a0  China produces much and consumes little, while the U.S. consumes much  and wants to produce more (in part to sell to China). The bottom line is  this: Beijing lacks the political stomach to undertake the toughest  rebalancing steps (for instance, a rapid appreciation of the\u00a0<em>renminbi) <\/em>but  the good news is that, for self-interested reasons, its leaders are  committed to rebalancing and will take some steps that are in the U.S.  interest.\u00a0 And ironically, it\u2019s probably worth asking whether, from a  Chinese perspective, the ongoing U.S. debt crisis may even create some  additional incentives to reckon with China\u2019s own imbalances. To use the  pregnant phrase from\u00a0<a href=\"http:\/\/www.reuters.com\/article\/2011\/08\/08\/us-china-risk-idUSTRE77718W20110808?feedType=RSS&feedName=topNews\">a Reuters article<\/a> this morning, could China now \u201creprice U.S. risk\u201d?<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Evan A. Feigenbaum reports in his blog, Asia Unbound, on Vice President Biden&#8217;s recent talk at the opening session of the 2011 U.S.-China Strategic and Economic Dialogue.\u00a0 Feigenbaum identifies five fundamental Chinese policies America should be concerned with.\u00a0 CNN reports: 1.\u00a0 Biden will find a China whose rise depends on economic growth but whose growth [&hellip;]<\/p>\n","protected":false},"author":965,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2,100],"tags":[3027,1875,14682,6379],"class_list":["post-123151","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","category-politics","tag-responsible-stakeholder","tag-rural-unrest","tag-strategic-and-economic-dialogue","tag-united-states","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Will Vice President Biden Find In China?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2011\/08\/what-will-vice-president-biden-find-in-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Will Vice President Biden Find In China?\" \/>\n<meta property=\"og:description\" content=\"Evan A. Feigenbaum reports in his blog, Asia Unbound, on Vice President Biden&#8217;s recent talk at the opening session of the 2011 U.S.-China Strategic and Economic Dialogue.\u00a0 Feigenbaum identifies five fundamental Chinese policies America should be concerned with.\u00a0 CNN reports: 1.\u00a0 Biden will find a China whose rise depends on economic growth but whose growth [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2011\/08\/what-will-vice-president-biden-find-in-china\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2011-08-12T06:14:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"alicebirney\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alicebirney\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/08\/what-will-vice-president-biden-find-in-china\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/08\/what-will-vice-president-biden-find-in-china\/\"},\"author\":{\"name\":\"alicebirney\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/1c65d590ef43db54bde4b2cff3c3061a\"},\"headline\":\"What Will Vice President Biden Find In China?\",\"datePublished\":\"2011-08-12T06:14:33+00:00\",\"dateModified\":\"2011-08-12T06:14:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2011\/08\/what-will-vice-president-biden-find-in-china\/\"},\"wordCount\":275,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"responsible stakeholder\",\"rural unrest\",\"strategic and economic dialogue\",\"United States\"],\"articleSection\":[\"China &amp; 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