Chinese students from wealthy families have been pouring into American colleges in record numbers. One of their favorite American destinations is metropolitan Boston and its many elite schools—especially Harvard University, home to the progeny of Communist Party leaders like president Xi Jinping, Jiang Zemin, and the now-disgraced Bo Xilai.

Will Japan assert its own vision for East Asia, or will it continue simply to react to China? That will be the biggest question in 2014 for Tokyo as tensions with Beijing continue to mount. Japanese Prime Minister Shinzo Abe’s decision to beef up military spending and enhance its longer-term security is a game-changer for the region, and while there is a chance the move will strengthen bilateral relations between Japan and the United States, it is unclear how this will impact Tokyo’s relations with Beijing.

People come to New York City for all sorts of reasons: to study; to travel; to become doctors and lawyers and writers; to make it on Broadway or as stand up comedians or to toil in the kitchens of up-and-coming restaurants. Chen Guangbiao is here this week to buy the New York Times. It’s not as surprising a proposal as it might sound if you know anything about Chen, the 45-year-old Chinese billionaire philanthropist with a knack for staging over-the-top, headline-grabbing stunts in the name of politics, poverty, disaster relief and the environment.

Chinese leader Xi Jinping’s latest attempt to cultivate his image as a man of the people is creating some unintended consequences. Qingfeng Restaurant, an unassuming local eatery where Xi ate a meal of pork buns, fried pig liver and vegetables last month, has since become a staging ground for residents to protest against their local governments.

Are China’s leaders destined to ask each other, “Who lost Hong Kong?” It’s a question worth pondering after a holiday week that offered a stark reminder of just how restless -- if not unhappy -- a sizable percentage of the former colony’s residents are under Chinese rule, 17 years after the end of British sovereignty. Of course, nobody seriously entertains the idea of a political schism between Hong Kong and China.

Diplomats from China and Japan are invoking the evil Lord Voldemort from the bestselling "Harry Potter" series in their feud over the Yasukuni war shrine in Tokyo. China says the shrine, which Japanese Prime Minister Shinzo Abe visited recently, glorifies Japan's militaristic past.

Judging by 2014's crowded election calendar, this will be a landmark year for democracy. The Economist estimates that an unprecedented 40 percent of the world’s population will have a chance to vote in national polls in 2014. We'll see races in populous countries such as Brazil, Indonesia, the United States, and, most notably, India, where 700 million people are expected to cast ballots in what Fareed Zakaria has called the “largest democratic process in human history.”

China is preparing to surpass the United States as the world’s largest economy, in purchasing power parity terms. Already its economy is 80 percent the size of ours, and if current growth rate differentials persist, it will take China only about four more years to surpass us. At market exchange rates, China’s GDP is smaller, and is expected to remain less than ours until 2028. This is hardly surprising.