Reports

11.01.11

The Internationalization of the RMB: Opportunities and Pitfalls

Tatatoshi Ito
He Jianan
Council on Foreign Relations
China is making swift strides toward internationalizing its currency, the renminbi, but it must be careful when sequencing these changes. Without the proper reforms, wide-open Chinese financial markets would be vulnerable to massive flows of foreign...

Reports

11.01.11

What Drives CNH Market Equilibrium?

Peter Garber
He Jianan
Council on Foreign Relations
The recent rapid growth of the offshore renminbi market presents a puzzle for analysts of China's development strategy. By allowing renminbi to flow offshore uncontrolled before loosening government controls over internal financial markets,...

Reports

11.01.11

Catalyzing Social Investment in China

Brooke Avory, Adam Lane
BSR
In May 2008, an earthquake hit the western Chinese province of Sichuan, taking 80,000 lives and displacing millions of others. The earthquake inspired an increase in donations from RMB13.3 billion in 2007 to RMB76.4 billion in 2008 and highlighted...

Are China’s Rulers Getting Religion?

Ian Johnson from New York Review of Books
With worsening inflation, a slowing economy, and growing concerns about possible social unrest, China’s leaders have a lot on their plates these days. And yet when the Communist Party met at its annual plenum earlier this week, the issue given...

Reports

10.25.11

The Asia-Pacific Economic Cooperation (APEC) Meetings in Honolulu: A Preview

Michael F. Martin
Peony Lui
Congressional Research Service
The United States will host the Asia-Pacific Economic Cooperation’s (APEC’s) 19th Economic Leaders’ Meeting in Honolulu, HI, on November 12 & 13, 2011. APEC was founded in 1989 to facilitate trade and investment liberalization in the Asia-...

From Tenderness to Savagery in Seconds

Ian Buruma from New York Review of Books
Much nonsense has been written about the Nanjing Massacre, also known as the Rape of Nanking. We know this much: in December 1937, the Imperial Japanese Army, after taking the Chinese Nationalist capital of Nanjing, went on a six-week rampage,...

Sinica Podcast

10.13.11

Sun Yat-sen and the Xinhai Revolution

Kaiser Kuo, David Moser & more from Sinica Podcast
One hundred years ago this week, local outrage over plans to nationalize provincial railways triggered the Wuchang Uprising, an act of sedition that marked the start of the Xinhai Revolution and the beginning of the end for China’s long-governing...

Books

10.01.11

No Enemies, No Hatred

Perry Link (editor)
When the Nobel Peace Prize was awarded on December 10, 2010, its recipient, Liu Xiaobo, was in Jinzhou Prison, serving an eleven-year sentence for what Beijing called “incitement to subvert state power.” In Oslo, actress Liv Ullmann read a long statement the activist had prepared for his 2009 trial. It read in part: “I stand by the convictions I expressed in my ‘June Second Hunger Strike Declaration’ twenty years ago—I have no enemies and no hatred. None of the police who monitored, arrested, and interrogated me, none of the prosecutors who indicted me, and none of the judges who judged me are my enemies.”That statement is one of the pieces in this book, which includes writings spanning two decades, providing insight into all aspects of Chinese life. These works not only chronicle a leading dissident’s struggle against tyranny but enrich the record of universal longing for freedom and dignity. Liu speaks pragmatically, yet with deep-seated passion, about peasant land disputes, the Han Chinese in Tibet, child slavery, the CCP’s Olympic strategy, the Internet in China, the contemporary craze for Confucius, and the Tiananmen massacre. Also presented are poems written for his wife, Liu Xia, public documents, and a foreword by Václav Havel. This collection is an aid to reflection for Western readers who might take for granted the values Liu has dedicated his life to achieving for his homeland.  —Harvard University Press

Reports

09.30.11

China-U.S. Trade Issues

Wayne M. Morrison
Peony Lui
Congressional Research Service
U.S.-China economic ties have expanded substantially over the past three decades. Total U.S.-China trade rose from $2 billion in 1979 to $457 billion in 2010. Because U.S. imports from China have risen much more rapidly than U.S. exports to China,...

Sinica Podcast

09.30.11

The Shanghai Train Accident

Kaiser Kuo & Jeremy Goldkorn from Sinica Podcast
At least 284 people were injured on Tuesday when a train in the Shanghai metro smashed into another which had stalled on the tracks. The accident, which threw Shanghai into disarray, came only two months after another near-disastrous incident on the...

Books

09.28.11

Columbia Anthology of Chinese Folk and Popular Literature

Victor H. Mair
In The Columbia Anthology of Chinese Folk and Popular Literature, two of the world’s leading sinologists, Victor H. Mair and Mark Bender, capture the breadth of China’s oral-based literary heritage. This collection presents works drawn from the large body of oral literature of many of China’s recognized ethnic groups—including the Han, Yi, Miao, Tu, Daur, Tibetan, Uyghur, and Kazak—and the selections include a variety of genres. Chapters cover folk stories, songs, rituals, and drama, as well as epic traditions and professional storytelling, and feature both familiar and little-known texts, from the story of the woman warrior Hua Mulan to the love stories of urban storytellers in the Yangtze delta, the shaman rituals of the Manchu, and a trickster tale of the Daur people from the forests of the northeast. The Cannibal Grandmother of the Yi and other strange creatures and characters unsettle accepted notions of Chinese fable and literary form. Readers are introduced to antiphonal songs of the Zhuang and the Dong, who live among the fantastic limestone hills of the Guangxi Zhuang Autonomous Region; work and matchmaking songs of the mountain-dwelling She of Fujian province; and saltwater songs of the Cantonese-speaking boat people of Hong Kong. The editors feature the Mongolian epic poems of Geser Khan and Jangar; the sad tale of the Qeo family girl, from the Tu people of Gansu and Qinghai provinces; and local plays known as “rice sprouts” from Hebei province. These fascinating juxtapositions invite comparisons among cultures, styles, and genres, and expert translations preserve the individual character of each thrillingly imaginative work.  —Columbia University Press

Reports

09.28.11

Hong Kong’s Recovery from the Global Financial Crisis

International Monetary Fund (IMF)
Hong Kong’s economy was severely affected by the global financial crisis (through both trade and financial channels). A recovery is now underway, fueled by growth on the Mainland, supportive policies, and accommodative monetary conditions imported...

Reports

09.28.11

Market Integration in China

Qingqing Chen, Chor-Ching Goh, Bo Sun, and Lixin Colin Xu
World Bank
Over the last three decades, China's product, labor, and capital markets have become gradually more integrated within its borders, although integration has been significantly slower for capital markets. There remains a significant urban-rural...

Reports

09.28.11

Growth Poles and Multipolarity

Jonathon Adams-Kane and James Jerome Lim
World Bank
This paper develops an empirical measure of growth poles and uses it to examine the phenomenon of multipolarity. The authors formally define several alternative measures, provide theoretical justifications for these measures, and compute polarity...

Reports

09.26.11

China’s Holdings of U.S. Securities: Implications for the U.S. Economy

Wayne M. Morrison, Marc Labonte
Peony Lui
Congressional Research Service
Given its relatively low savings rate, the U.S. economy depends heavily on foreign capital inflows from countries with high savings rates (such as China) to meet its domestic investment needs and to fund the federal budget deficit. The willingness...

Sinica Podcast

09.23.11

The Gutter Oil Podcast

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
“It was really distressing for me to talk to a WHO expert and have him tell me, ‘I have no idea where it’s safe to buy food here ...’” — Sharon LaFraniere.When Luoyang journalist Li Xiang broke China’s latest food scandal last week, exposing the...

Books

09.21.11

China: A History

Harold M. Tanner
Eminently accessible, yet rigorous, this engaging introduction to the political, social, and cultural development of Chinese civilization tells the story of China—from its beginnings to the present day—in a way that goes beyond simple, misleading accounts of a glorious civilization falling victim to Western and Japanese imperialism or of a supposedly isolated country only recently and reluctantly opening to the outside world. Woven into the narrative are the striking stories of heroes and villains, of women and men, of tragedy and comedy, of high culture and coarse humor, of extremes of wealth and poverty, of feast and famine, and of exquisite art and terrible suffering. Characteristic of Harold Tanner's presentation is the development and carefully balanced recounting of important themes—such as the ethnic diversity of the early empires, interaction with other civilizations, and the challenge of transforming a multi-ethnic empire into a modern nation-state—that other histories of China omit entirely or discuss only minimally.   —Hackett Publishing Company

Reports

09.21.11

China’s Assertive Behavior

Michael D. Swaine and M. Taylor Fravel
He Jianan
China Leadership Monitor
The authors of this essay examine Chinese assertiveness concerning U.S. political and military behavior along China’s maritime periphery. This topic inevitably also concerns Chinese behavior toward Japan, South Korea, and some ASEAN nations, given...

Sinica Podcast

09.16.11

North Korea: Open for Business?

Jeremy Goldkorn, Edward Wong & more from Sinica Podcast
As the guillotine of debt contagion hangs over Europe, financial pressures in Asia have led an unexpected player to make a strategic shift. After months of escalating tensions with South Korea have shuttered its opportunities for expanded trade...

Books

09.15.11

Deng Xiaoping and the Transformation of China

Ezra Vogel
Harvard University Press: Perhaps no one in the twentieth century had a greater long-term impact on world history than Deng Xiaoping. And no scholar of contemporary East Asian history and culture is better qualified than Ezra Vogel to disentangle the many contradictions embodied in the life and legacy of China’s boldest strategist. Once described by Mao Zedong as a “needle inside a ball of cotton,” Deng was the pragmatic yet disciplined driving force behind China’s radical transformation in the late twentieth century. He confronted the damage wrought by the Cultural Revolution, dissolved Mao’s cult of personality, and loosened the economic and social policies that had stunted China’s growth. Obsessed with modernization and technology, Deng opened trade relations with the West, which lifted hundreds of millions of his countrymen out of poverty. Yet at the same time he answered to his authoritarian roots, most notably when he ordered the crackdown in June 1989 at Tiananmen Square. Deng’s youthful commitment to the Communist Party was cemented in Paris in the early 1920s, among a group of Chinese student-workers that also included Zhou Enlai. Deng returned home in 1927 to join the Chinese Revolution on the ground floor. In the fifty years of his tumultuous rise to power, he endured accusations, purges, and even exile before becoming China’s preeminent leader from 1978 to 1989 and again in 1992. When he reached the top, Deng saw an opportunity to creatively destroy much of the economic system he had helped build for five decades as a loyal follower of Mao—and he did not hesitate.{node, 795, 4}

China’s Tibetan Theme Park

Richard Bernstein from New York Review of Books
In the international press, China’s tensions with Tibet are often traced to the Chinese invasion of 1950 and Tibet’s failed uprising of 1959. But for the Chinese themselves, the story goes back much further—at least to the reign of Kangxi, the Qing...

Reports

09.01.11

Managing Instability on China’s Periphery

Paul B. Stares, Scott A. Snyder, Joshua Kurlantzick, Daniel Markey, Evan A. Feigenbaum
He Jianan
Council on Foreign Relations
China’s growing global engagement and presence has increased the number of conceivable places and issues over which it could find itself at odds with the United States, but potential developments in the territories immediately adjacent to China...

Reports

08.30.11

Asian Alliances in the 21st Century

Dan Blumenthal, Michael Mazza, Randall Schriver, Mark Stokes, L.C. Russell Hsiao
American Enterprise Institute for Public Policy Research
Asia will become the epicenter of geopolitical activity in the 21st century and the budding U.S.-China security rivalry, conditioned by deep economic interdependence, will shape the region’s future. Perhaps the greatest benefactor of American policy...

Sinica Podcast

08.27.11

Zhao Liang and the South-North Water Diversion Project

Kaiser Kuo, Edward Wong & more from Sinica Podcast
This week on Sinica: China makes an about-face on Libya, we discuss a recent controversy in Beijing’s arts community over independent filmmaker Zhao Liang, and get an on-the-ground update on the state of China’s South-North Water Diversion Project,...

China’s ‘Liberation’ of Tibet: Rules of the Game

Robert Barnett from New York Review of Books
Much of the talk about Vice President Joe Biden’s four-day visit to China last week centered on the man who hosted him: Xi Jinping, expected to become the country’s next president in 2012. Biden’s office has said that the principal purposes of his...

Sinica Podcast

08.19.11

Not in My Backyard

Kaiser Kuo, Josh Chin & more from Sinica Podcast
While some Chinese media have flown into high dudgeon over allegations of sun-exposed hamburger buns at McDonalds, powder-based soy milk at KFC, and pork broth made from concentrate at Ajisen, a more grassroots protest gained notice across China...

‘I’m Not Interested in Them; I Wish They Weren’t Interested in Me’

Ian Johnson from New York Review of Books
Amid the recent crackdown on dissidents by the Chinese government, the case of Liao Yiwu, the well-known poet and chronicler of contemporary China, is particularly interesting. For years, Liao’s work, which draws on extensive interviews with...

Sinica Podcast

08.12.11

The Schadenfreude Podcast

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
Last week must have felt good for embattled Chinese patriots. Not only did the United States lose its coveted triple-A rating from Standard and Poor’s, but months after unrest in the Middle East sparked renewed speculation about political...

Sinica Podcast

08.06.11

The China Rock Podcast

Jeremy Goldkorn & Kaiser Kuo from Sinica Podcast
“Beijing has one of the best music scenes in the world,” one of our guests intoned, triggering a brawl that quickly split along Beijing-Shanghai lines. And while we’ll admit a case can be made for Shanghai too, there is no question that China has...

Reports

08.04.11

U.S.-Taiwan Relationship: Overview of Policy Issues

Shirley A. Kan, Wayne M. Morrison
Peony Lui
Congressional Research Service
Taiwan today calls itself the sovereign Republic of China (ROC), tracing its political lineage to the ROC set up in 1911 on mainland China and commemorating in 2011 the 100th anniversary of its founding. The ROC government retreated to Taipei in...

Reports

08.01.11

Measuring the Economic Gain of Investing in Girls

Jad Chaaban and Wendy Cunningham
World Bank
This report discusses the economic impact of the exclusion of girls from productive employment in developing countries. The paper explores the linkages between investing in girls and potential increases in national income by examining three widely...

Sinica Podcast

07.29.11

Train Wrecks

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
After a long and hot July marked by the near-absence of most of our guests, Sinica host Kaiser Kuo is pleased to be back this week leading a discussion of the recent accident on the high-speed Hangzhou-Wenzhou rail line, an accident that has...

Reports

07.27.11

China’s Macroeconomic Rebalancing

International Monetary Fund (IMF)
In May and June 2011, an International Monetary Fund staff team held discussions in Chengdu, Shanghai, and Beijing, which this report documents. The consultation examined China’s macroeconomic outlook, the potential for a property price bubble, the...

Reports

07.26.11

Toward a Healthy and Harmonious Life in China

Shiyong Wang, Patricio Marquez, and John Langenbrunner
World Bank
China’s 12th five-year plan (2011-2015) aims to promote inclusive, equitable growth and development by placing an increased emphasis on human development. Good health is an important component of human development, not only because it makes people’s...

Murdoch’s Chinese Adventure

Jonathan Mirsky from New York Review of Books
During a Parliamentary hearing last week in London, the Murdochs, father and son, riveted television audiences with their combination of wide-eyed, hand-on-heart innocence (James), and long silences and “Yups” and “Nopes” (Rupert). After the elder...

Reports

07.18.11

China’s Greenhouse Gas Emissions and Mitigation Policies

Jane A. Leggett
Peony Lui
Congressional Research Service
The 112th Congress continues to debate whether and how the United States should address climate change. Most often, this debate includes concerns about the effects of U.S. greenhouse gas (GHG) emissions controls if China and other major countries...

Reports

07.14.11

Strangers at Home: North Koreans in the South

International Crisis Group
As the number of defectors from North Korea arriving in the South has surged in the past decade, there is a growing understanding of how difficult it would be to absorb a massive flow of refugees. South Korea is prosperous and generous, with a...

Reports

07.01.11

People’s Republic of China: Spillover Report for the 2011 Article IV Consultation and Selected Issues

International Monetary Fund (IMF)
This report discusses the outward effects of China’s economic policies on the rest of the world. The report does not try to capture the full extent and historical significance of China’s new influence on the world economy. Rather, it focuses on a...

Reports

07.01.11

The External Impact of China’s Exchange Rate Policy: Evidence from Firm Level Data

Barry Eichengreen and Hui Tong
International Monetary Fund (IMF)
The authors examine the impact of renminbi revaluation on foreign firm valuations, considering two surprise announcements of changes in China’s exchange rate policy in 2005 and 2010 and employing data on some 6,000 firms in forty-four economies...

China’s Political Prisoners: True Confessions?

Jonathan Mirsky from New York Review of Books
The Chinese artist Ai Weiwei’s ankle-deep heap of porcelain sunflower seeds bewitched recent visitors to London’s Tate Modern. But in early April Ai’s strong criticisms of the regime led to his disappearance somewhere in Beijing. On June 22, eighty-...

Books

06.30.11

Ghetto at the Center of the World

Gordon Mathews
There is nowhere else in the world quite like Chungking Mansions, a dilapidated seventeen-story commercial and residential structure in the heart of Hong Kong’s tourist district. A remarkably motley group of people call the building home: Pakistani phone stall operators, Chinese guesthouse workers, Nepalese heroin addicts, Indonesian sex workers, and traders and asylum seekers from all over Asia and Africa live and work there—even backpacking tourists rent rooms. In short, it is possibly the most globalized spot on the planet. But as Ghetto at the Center of the World shows us, a trip to Chungking Mansions reveals a far less glamorous side of globalization. A world away from the gleaming headquarters of multinational corporations, Chungking Mansions is emblematic of the way globalization actually works for most of the world’s people. Gordon Mathews’s intimate portrayal of the building’s polyethnic residents lays bare their intricate connections to the international circulation of goods, money, and ideas. We come to understand the day-to-day realities of globalization through the stories of entrepreneurs from Africa carting cell phones in their luggage to sell back home and temporary workers from South Asia struggling to earn money to bring to their families. And we see that this so-called ghetto—which inspires fear in many of Hong Kong’s other residents, despite its low crime rate—is not a place of darkness and desperation but a beacon of hope.

Gordon Mathews’s compendium of riveting stories enthralls and instructs in equal measure, making Ghetto at the Center of the World not just a fascinating tour of a singular place but also a peek into the future of life on our shrinking planet.  —University of Chicago Press

Reports

06.28.11

The United States and China: Macroeconomic Imbalances and Economic Diplomacy

Philip I. Levy
American Enterprise Institute for Public Policy Research
The United States and China are now the two largest economies in the world. The relationship between the two countries is multifaceted and goes well beyond economic relations, but questions of macroeconomic imbalances have remained at the heart of...

The High Price of the New Beijing

Ian Johnson from New York Review of Books
One recent weekend, I went for a walk through the alleys around the Qianmen shopping district, once Beijing’s commercial heart and still home to nationally known traditional shops. One of its chief side streets, Dazhalan, had been turned into a Ye...

The Past and the Future

Fang Lizhi from New York Review of Books
Concerning the Past:I have maintained that China should move forward with the reform of society. In many speeches before 1988, I openly expressed my advocacy of reform in China.I acknowledge that the following are my principal views:Marxism—whether...

Kissinger and China

Jonathan D. Spence from New York Review of Books
It is hard to fit Henry Kissinger’s latest book, On China, into any conventional frame or genre. Partly that is because the somewhat self-deprecatory title conceals what is, in fact, an ambitious goal: to make sense of China’s diplomacy and foreign...

Sinica Podcast

06.03.11

Water on the Brink

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
As the southern Yangtze region struggles with its worst drought in a century, China’s grand plans for water diversion projects and its Three Gorges Dam have come under renewed scrutiny, as have expectations Beijing can maintain economic stability...

Reports

06.01.11

Sustainability Reporting Guidelines: Mapping and Gap Analysis for Shanghai Stock Exchange

World Bank
In recent years the number of companies releasing sustainability reports has continued to increase on a global level as well as in China specifically. In China, the number of sustainability reports reached over 700 in 2010. There is a widely...

Reports

06.01.11

“My Children Have Been Poisoned”: A Public Health Crisis in Four Chinese Provinces

Human Rights Watch
Over the past decade, numerous mass lead poisoning incidents have been reported across China. In response, Environmental Protection Ministry officials have become more outspoken, directing local officials to increase supervision of factories and...

China’s Glorious New Past

Ian Johnson from New York Review of Books
I first went to Datong in 1984 and was immediately taken by this gritty city in China’s northern Shanxi Province. Along with half a dozen classmates from Peking University, I traveled eight hours on an overnight train, arriving in a place that felt...

Reports

05.27.11

Fighting Spam to Build Trust

Karl Frederick Rauscher and Zhou Yonglin
EastWest Institute
The EastWest Institute and the Internet Society of China convened a team of China-U.S. experts for an ongoing bilateral dialogue on cybersecurity issues. This report, the first from the team, represents the first effort by Chinese and U.S. experts...

Will There Be a ‘Duel of Dalai Lamas’?

Jonathan Mirsky from New York Review of Books
On March 10 the Fourteenth Dalai Lama made front-page news throughout the world by saying,As early as the 1960s, I have repeatedly stressed that Tibetans need a leader, elected freely by the Tibetan people, to whom I can devolve power. Now, we have...

Sinica Podcast

05.20.11

Inscrutable China

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
It may be because we’ve yet to finish Henry Kissinger’s latest book on the subject, but we’ll admit to having found life in China a bit more inscrutable than normal these past few weeks, and all evidence suggests we’re not alone. Seen through the...

Quality of Life: India vs. China

Amartya Sen from New York Review of Books
The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10...

Sinica Podcast

05.07.11

Crazed Madmen, Foreign and Domestic

Jeremy Goldkorn, Gady Epstein & more from Sinica Podcast
Despite losing almost a dollar for every dollar of revenue last year, Chinese Facebook clone Renren (人人网) made a spectacular launch on Wall Street last week, raising U.S.$743.4 million in a crazed initial public offering. So it’s no surprise that...

Reports

05.01.11

An American Open Door?

Daniel H. Rosen and Thilo Hanemann
Asia Society
Over the past decade, China’s unprecedented surge of economic dynamism and development has radically altered the global landscape and affected a host of international relationships. One of the most significant trends that will influence how the...

Reports

05.01.11

China and Africa: Small Hydro Power Cooperation

Leon White
He Jianan
Global Environmental Institute
The development of Small Hydro Power (SHP) in China has been a success for rural electrification yet to be replicated in the rest of the world. This paper introduces basic technical, financial, and policy principles of SHP and examines the factors...

Sinica Podcast

05.01.11

Nouriel Roubini Gets It in the A** in China

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
China Doomerism, the once familiar retreat of a chummy pantheon of economic cranks, recently went mainstream with Nouriel Roubini’s pronouncement that the Chinese economy is wrestling with over-investment and his prediction that it will likely come...

Reports

04.28.11

Identifying the Linkages Between Major Mining Commodity Prices and China’s Economic Growth—Implications for Latin America

Yongzhen Yu
International Monetary Fund (IMF)
Major mining commodity prices are inherently volatile and cyclical. High levels of investment in China have been a key driver in the strong world demand for minerals and metals over the past decade. The urbanization and industrialization of China...

Recharging Chinese Art

Jonathan D. Spence from New York Review of Books
Retirement was not usually a concept of pressing concern to Chinese emperors. Succession and survival were normally quite enough to keep them occupied, and death—when it came—was often unexpected and frequently brutal. But Emperor Qianlong, who...

Reports

04.27.11

China’s Green Revolution

Isabel Hilton, Olivia Boyd, Tan Copsey, Hu Angang, Liang Jiaochen, Liu Jianqiang, Shin Wei Ng, Linden Ellis, Thomas Ho, Sam Geall
chinadialogue
In March, China officially adopted its Twelfth Five-Year Plan, a blueprint for the country’s development from 2011 to 2015. Its green targets will shape China’s action on the environment over the next five years. To mark the occasion, chinadialogue...