Washington and Beijing have to accept that there can be no more business as usual in dealing with the Kim regime. The two principal actors in this crisis have to work towards political change in North Korea through a new regional order in East Asia.
Beijing wants to end excessive land grabs and evictions of Chinese farmers. But the planned reform of the land administration law does not remove the root causes of the problem: urbanization pressure and fiscal problems at the local level.
Punitive levies on Chinese imports would hurt American consumers and U.S. companies that are part of the global supply chain. At the same time, they would strengthen Beijing's resolve to speed up its quest for independence from foreign technology.
A transatlantic shift in financial burden sharing within NATO would reverberate all the way to China. A weaker U.S. role in global security would lead to a weaker dollar – with serious consequences for China’s monetary policy and real economy.
Britain and Europe are too busy with their own divorce to care about Hong Kong’s future. The crack-down on pro-democracy activists after the election of Beijing-backed candidate Carrie Lam as the SAR’s new chief executive has only drawn muted responses from London and Brussels.
The Mercator Institute for China Studies (MERICS) is a Stiftung Mercator initiative. Established in 2013, MERICS is a Berlin-based institute for contemporary and practical research into China. As a central forum for engagement with China in Germany, MERICS lays the foundations for people – especially decision-makers in Germany and Europe – to better judge questions and issues relating to China.