China Reform Monitor: No. 1339
China's declining "soft power";
Beijing's burgeoning stake in Israel
China's declining "soft power";
Beijing's burgeoning stake in Israel
Unfolding events in Washington and Beijing raise the disturbing specter of a global passing of the torch from the United States to China
                    
                    China Steps Out analyzes and explains China’s strategies in Southeast Asia, Central Asia, South Asia, Africa, Middle East, and Latin America, and evaluates their effectiveness.
                    
                    In recent months, Xi Jinping’s China has rolled out a large number of new foreign policy initiatives. Some of these have been economic proposals such as the BRICS Bank; the Asian Infrastructure Investment Bank; the China-Korea and China-Australia free trade agreements; the land and maritime silk road proposals; a massive, albeit not entirely transparent, energy deal with Russia; an increasingly effective effort to promote international trade denominated in the yuan or Renminbi; and an attempt to push ahead with either the Regional Comprehensive Economic Partnership Agreement or the Free Trade Agreement of the Asia-Pacific.
                    
                    American and Chinese interests in Africa are different, but not substantially so. There are more areas where the two countries can cooperate for the benefit of Africans than there are issues of disagreement and potential competition. During his visit to Africa early in 2008, President George Bush acknowledged that the United States and China could pursue opportunities in Africa without increasing rivalry. He commented that he does “not view Africa as zero-sum for China and the United States” and believes both countries “can pursue agendas without creating a great sense of competition.” A few months later during a conference at Howard University in Washington on China-Africa relations, Chinese Ambassador Zhou Wenzhong said that China appreciated President Bush’s statement, adding that China and the United States need not pursue in Africa a “confrontational, or harmful rivalry, or a zero-sum game.”