This hearing will examine the origins, implementation, and impacts of the U.S. “Rebalance to Asia” strategy, now in its fourth year. It will assess the reactions of China and other regional countries to the Rebalance, and evaluate areas of strength and weakness. The hearing will also explore what objectives and policies will best serve U.S. regional interests moving into a new Administration.
While the People’s liberation Army continues to build anti-access/area denial capabilities to deter or delay a U.S. military response to a potential conflict with China, Beijing also appears to be pursuing other options—including nonmilitary options prior to a conflict—likely intended to erode the United States’ strategic position, freedom of action, and operational space in the Asia Pacific. The nonmilitary options being pursued include engagement, coercion, and alliance splitting focused on U.S. allies and partners in the Asia Pacific region. Although Beijing’s attempts to limit U.S. force projection capabilities in Asia through these efforts have produced mixed results, there is little indication Beijing will abandon its efforts to mitigate the U.S. military presence in the region.
The hearing will explore the economic, geopolitical, and security elements of China’s South Asia strategy, and examine in detail China’s relations with India and Pakistan in particular. In addition, the hearing will assess how China’s evolving engagement in the region impacts U.S. interests.
Highlights of this Month’s Edition: • Bilateral trade: U.S. exports struggle with a strong dollar and weak global growth; China remains the largest U.S. trading partner in goods. • Bilateral policy issues: Chinese companies spend more on acquisitions of U.S. firms in January and February than in all of 2015. • Policy trends in China’s economy: China lowers RRR, opens bond markets to foreigners to counter capital outflows; Chinese public increases travel and consumer spending during the 2016 Lunar New Year; New Chinese online content restrictions create uncertainty for U.S. tech and media companies. • Sector focus – GMOs: ChemChina makes $43 billion bid to acquire agriculture giant Syngenta; China seeks to boost agriculture productivity by increasing GMO crop production.
This hearing will explore the economic, geopolitical, and security elements of China’s South Asia strategy, and examine in detail China’s relations with India and Pakistan in particular. In addition, the hearing will assess how China’s evolving engagement in the region impacts U.S. interests.
The U.S.-China Economic and Security Review Commission was created by the United States Congress in October 2000 with the legislative mandate to monitor, investigate, and submit to Congress an annual report on the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China, and to provide recommendations, where appropriate, to Congress for legislative and administrative action.