Towards a constructive Sino-Japanese relationship in the new millennium / Stephanie A. Weston -- Peaceful rise: China's 'policy of assurance' / Jia Qingguo -- Why does China succeed in attracting and utilizing foreign direct investment? / Kevin H. Zhang -- The challenge of removing...

This paper explores the ways in which macroeconomic imbalances have driven policy discussions between the United States (US) and People's Republic of China (PRC) in the last decade. The PRC's current account surplus, its growing foreign exchange reserves, and its shifting policies on exchange...