Asian Studies Center Featured Research ------------------------------------------------- New! The ASC Research Archive As Heritage President Ed Feulner reminds us frequently, “There are not permanent victories or defeats in Washington, only permanent battles.” The Asian Studies Center (ASC) has been in the analysis business since 1983. Many of the issues, problems and ideas remain the same – and therefore, much of the insight from ASC teams past remains highly relevant to current debate. Our bi-weekly Policy Update will begin highlighting that archived research – beginning with the following from 1987 laying out the legal argument for why the TRA trumps the 1982 US-China communiqué on arms sales to Taiwan: Released: November 30, 1987 ----------------------------------------------------------------------------------------------------------------------------- By Lisa Curtis While the U.S. and India have developed multifaceted ties over the last decade, the overall relationship has recently been challenged: India bought advanced fighter jets from France, not from the U.S.; the Indian parliament virtually shut out U.S. companies from India’s civil nuclear industry; the Singh government delayed economic reforms that would give foreign companies greater access to the Indian market; and many Indians remain suspicious of the Obama Administration’s plans for the Asia–Pacific. Nevertheless, the growing strategic challenge presented by a rising China, and India’s and America’s shared democratic values, will drive the two countries to increase cooperation. India and the U.S. should accept that the partnership will not always meet their expectations, and must demonstrate a willingness to collaborate on issues of core importance to the other. ----------------------------------------------------------------------------------------------------------------------------- By Bruce Klingner and Dean Cheng Since the 19th century, Asia has been—and will continue to be—a region of vital importance to the United States. And yet, even as the threats to stability in Asia multiply, there has not been a commensurate increase of U.S. capabilities. While the Obama Administration believes its “Asia Pivot” will animate U.S. policy toward Asia, the U.S. military lacks the resources necessary to implement such a strategy. Indeed, even as the Administration heralds America’s “return” to Asia, the President has proposed cuts to defense spending. Ultimately, this is a strategy of hope: a hope that big wars are a thing of the past; a hope that America’s allies will do more; and a hope that fewer resources do not jeopardize the lives of American soldiers. The 2012 version is now available! Follow the link below to access this helpful resource and get information on everything Asia—trends on political/security issues, data on Asia’s fastest growing economies, Asia’s top investors in the U.S. economy, and the real numbers on who owns the most U.S. federal debt. *Did you know that China, Asia’s largest, fastest growing economy, is still less than half of the size of the U.S.? China (GDP: $5.9 trillion) overtook Japan ($5.5 trillion) as Asia’s largest economy in 2010--but still remains less than half the size of the U.S. ($14.6 trillion). Recent reports indicate that China’s economy has been showing signs of slowing, further extending the U.S.’s position as the Pacific’s leading economic power.
China's investment overseas is increasingly important to the United States and the international community. The China Global Investment Tracker created by The Heritage Foundation is the only publicly available, comprehensive dataset of large Chinese investments and contracts worldwide beyond Treasury bonds. Details are available for almost 500 attempted transactions -- failed and successful -- over $100 million in all industries, including energy, mining, transportation and banking. | 
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