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U.S.-China Economic Relations—What Will the Next Decade Bring?

A ChinaFile Conversation

On Monday, within hours of the announcement that Chinese President Xi Jinping will meet U.S. President Barack Obama on a visit to California on June 7-8, Tung Chee-hwa, the former Chief Executive and President of the Executive Council of Hong Kong, introduced former U.S. Secretary of State Henry Kissinger as “the original architect of U.S.-China relations” as he heralded the publication of a new report that outlines guidelines for the two leaders' summit.

Water-Trading Could Exacerbate Water Shortages in China

Large-scale engineering projects and rigorous state control are hallmarks of the Chinese developmental model, and both have been apparent in the country’s approach to water management.

A US$62 billion project to divert water from the south to the parched north is under way, while the government is investing US$3.35 billion in desalination plants, aiming to produce 2.2 million cubic meters of desalted water a day by 2015. In 2002, it attempted to implement a permit system for water access to curb over-abstraction.

Errors of Aggression Catch up with Underwriter

Ping An Securities Co. has been slapped with a fine by the securities regulator and will lose its stock underwriting license for three months because of its sloppy work in underwriting the initial public offering of a company that turned out to be a fraud.

This is not the first time the leading underwriter had to swallow a bitter pill for its overly aggressive approach to IPO underwriting in 2010 and 2011, when it beat all other brokerage firms in the country in underwriting revenue.

Why Is China’s Internet Turning to Obama To Solve a Decades-Old Poisoning Mystery?

On May 3rd, an anonymous Chinese expat posted on the White House website a petition demanding justice for the woman who many believe is responsible for Zhu Ling’s poisoning. In six days it has collected over 140,000 signatures.