Publications

The nuclear threat from North Korea continues to grow, despite numerous strong statements of concern from the United States. But Pyongyang knows that talk is cheap. The more powerful message from American inaction is: keep building.

"We shall proceed with reform and opening up without hesitation," China's President Xi Jinping told his country's top leaders in August 2014 during a symposium marking the 100th anniversary of the birth of former leader Deng Xiaoping. At the time, this pledge appeared sincere. Since taking office in March 2013, Mr. Xi had consistently advocated a reform agenda intended to continue the economic restructuring and national revitalization that Deng had started in 1978. Now, two years later, and despite his consolidation of power, Mr. Xi's reforms are mired in a morass of bureaucratic hurdles and official foot dragging.