Senior fellow Arvind Subramanian was quoted in a Reuters article on the effects of a Chinese bailout on Europe.
This article was also featured in The Baltimore Sun.
From the Article
As a cash-strapped Europe scrambles to woo China's support for a financial rescue package, human rights groups and dissidents are warning that in taking such help, the West will sacrifice some leverage over China.
To clinch a deal, Chinese negotiators will insist on safeguards for their money possibly including preferential creditor terms or guarantees should the crisis worsen.
More than that, however, Europe's desire for China's foreign reserves to calm markets and normalise sovereign borrowing costs could see China push hard for concessions, including market economy status and easing restrictions on high-tech imports.
A big China bail-out "could represent a major change in the global landscape: the consolidation of China's economic dominance at the expense of the status quo powers - the United States and Europe," Arvind Subramanian, with the Centre for Global Development, wrote recently.
The idea of Europe going cap in hand to an autocratic regime with a poor rights record and an increasingly assertive political and economic agenda is making many in the Chinese dissident and human rights communities nervous.