TDH: It is obvious that China exports its products at unreasonably lơw prices on the world market by subsidizing its export firms, unfairly low-balling other countries’ firms around the world. This is typical monopolistic game. And the world obviously deosn’t have enough knowledge and the will to fight back.

Last week, LDK Solar, a struggling Chinese manufacturer of solar wafers and panels, announced that it had missed $24 million in bond payments. This news followed the bankruptcy in March of Wuxi Suntech, the main operating subsidiary of the world’s largest maker of solar panels, after it defaulted on a $541 million bond payment.

Report of the CSIS Asia Team
January 2013

By Michael J. Green, Ernest Z. Bower, Victor Cha, Karl F. Inderfurth, Christopher K. Johnson, and Matthew P. Goodman (Project Director)

The CSIS Asia Team is pleased to announce the release of a new report, “Crafting Asia Economic Strategy in 2013”. Economics is critical to Asia-Pacific affairs and to U.S. interests there. The region accounts for roughly half of global GDP and trade and includes some of the world’s fast-growing economies. Effective U.S. economic policies in the region are thus an essential complement of the Obama administration’s “strategic rebalancing” to Asia, reinforcing and being reinforced by the military, diplomatic, and political elements.

With the help of regional experts who participated in a series of roundtable discussions in the fall of 2012, CSIS prepared this report on a number of key economies of the Asia region: China, India, Japan, Korea, and the Association of Southeast Asian Nations (ASEAN). The report is intended to offer practical advice to Obama administration policymakers as they set a strategic course for economic relations with these important countries over the next four years.

To continue reading Crafting Asia Economic Strategy in 2013, please click here.