China has showcased its engineering prowess with small modular reactor demonstration projects. But turning these technological achievements into commercial success will be a greater challenge.
Tong Zhao
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China views U.S. missile defense as posing a greater potential threat to China’s nuclear deterrent than other U.S. military capabilities.
Senior Fellow with the Nuclear Policy Program and Carnegie China
Tong Zhao is a senior fellow with the Nuclear Policy Program and Carnegie China, Carnegie’s East Asia-based research center on contemporary China. Formerly based in Beijing, he now conducts research in Washington on strategic security issues.
Dmitry Stefanovich
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
China has showcased its engineering prowess with small modular reactor demonstration projects. But turning these technological achievements into commercial success will be a greater challenge.
Tong Zhao
The Plaza Accord was not an externally imposed punishment of Japan but part of a broader restructuring that Japanese economists and policymakers themselves recognized was necessary. Its effects were undermined, however, when Tokyo responded to the resulting slowdown with policies that exacerbated investment, credit expansion, and the very imbalances the adjustment was intended to resolve.
Michael Pettis
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