What Drives China's Interbank Market?

International Monetary Fund (IMF)

Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and regulated interest rates (lending and deposit rates), reflecting China's gradual process of interest rate liberalization. We...

What’s the Damage? Medium-term Output Dynamics After Banking Crises

International Monetary Fund (IMF)

This paper investigates the medium-term behavior of output following banking crises, and its association with pre- and post-crisis conditions and policies. The authors find that output tends to be depressed substantially following banking crises...

East Asia’s Foreign Exchange Rate Policies

Congressional Research Service

Financial authorities in East Asia have adopted a variety of foreign exchange rate policies, ranging from Hong Kong’s currency board system which links the Hong Kong dollar to the U.S. dollar, to the “independently floating” exchange rates of...

Human Rights in China: Trends and Policy Implications

Congressional Research Service

Human rights has been a principal area of U.S. concern in its relations with the People’s Republic of China (PRC), particularly since the violent government crackdown on the Tiananmen democracy movement in 1989. Some policy makers contend that...

The NYRB China Archive
07.02.09

China’s Dictators at Work: The Secret Story

Jonathan Mirsky
from New York Review of Books

Prisoner of the State is the secretly recorded memoir of Zhao Ziyang, once holder of China’s two highest Party and state positions and the architect of the economic reforms that have brought the country to the edge of great-power status...

Broad Money Demand and Asset Substitution in China

International Monetary Fund (IMF)

Recent changes to China's financial system, in particular ongoing interest rate liberalization, gradual movement toward a more flexible exchange rate regime, and rapid development of capital markets, have changed substantially the environment in...

The NYRB China Archive
05.28.09

The Mystery of Zhou Enlai

Jonathan D. Spence
from New York Review of Books

Through the ups and downs of the unpredictable Chinese Revolution, Zhou Enlai’s reputation has seemed to stand untarnished. The reasons for this are in part old-fashioned ones: in a world of violent change, not noted for its...

Implementation Completion and Results Report: Health IX Project

World Bank

China's significant health gains during the 1960s and 1970s earned worldwide recognition. Following onset of economic reforms in the 1980s, however, the primary health care system was weakened, reducing access to both curative and preventive...

U.S.-Funded Assistance Programs in China

Congressional Research Service

U.S. government support of rule of law and civil society programs in the People’s Republic of China constitutes a key component of its efforts to promote democratic change in China. Other related U.S. activities include participation in official...

China’s Growing Role in U.N. Peacekeeping

International Crisis Group
Over the past twenty years China has become an active participant in U.N. peacekeeping, a development that will benefit the international community. Beijing has the capacity to expand its contributions further and should be encouraged to do so...
The NYRB China Archive
04.09.09

‘A Hell on Earth’

Pico Iyer
from New York Review of Books

“The situation inside Tibet is almost like a military occupation,” I heard the Dalai Lama tell an interviewer last November, when I spent a week traveling with him across Japan. “Everywhere. Everywhere, fear, terror. I cannot remain indifferent...

Taiwan-U.S. Relations: Developments and Policy Implications

Congressional Research Service

Policy toward and support for Taiwan are a key element in U.S. relations with the People’s Republic of China (PRC) and an important component of U.S. policy in Asia. Recently, pessimistic observers see growing PRC-Taiwan ties eroding U.S....

The NYRB China Archive
03.26.09

The Death and Life of a Great Chinese City

Richard Bernstein
from New York Review of Books

Judging from the evidence of Michael Meyer’s portrait of life in a narrow backstreet of Beijing as China prepared for the Olympic Games, old Beijing has been vanishing for a very long time. “Peking you simply would not be able to recognize except...

The Tibetan Policy Act of 2002: Background and Implementation

Congressional Research Service

U.S. policy on Tibet is governed by the Tibetan Policy Act of 2002 (TPA), enacted as part of the Foreign Relations Authorization Act of FY2003 (P.L. 107-228). In addition to establishing a number of U.S. principles with respect to human rights,...

Epilepsy Management at Primary Health Level in Rural China

World Health Organization

Epilepsy is one of the most common neurological disorders, affecting about 50 million people in the world, 85 percent of whom live in resource-poor countries. Epilepsy imposes an enormous physical, psychological, social and economic burden on...

China’s Fight Against Climate Change

Natural Resources Defense Council

On March 4, 2009, Barbara Finamore, Senior Attorney and China Program Director of the National Resources Defense Council, testified before the Select Committee on Energy Independence and Global Warming in the United States House of...

The NYRB China Archive
02.26.09

The China We Don’t Know

Jonathan Mirsky
from New York Review of Books

In the late 1990s, Chinese peasants in the village of Da Fo, many of whom between 1959 and 1961 had survived the twentieth century’s greatest famine, felt free enough to install shrines to Guangong, the traditional war god of resistance to...

The Pivotal Relationship: How Obama Should Engage China

EastWest Institute

Providing their respective hopes and expectations on what they would like to see in the Obama administration’s China policy are Liu Xuecheng and Robert Oxnam, who both envision opportunities for reframing the China-U.S. relationship in a way that...

Strengthening US-China Climate Change and Energy Engagement

Natural Resources Defense Council

The United States of America and the People's Republic of China are both key players in international efforts to address global warming and global energy security. Indeed, they are by far the two largest emitters of greenhouse gases (GHGs) in the...

The NYRB China Archive
01.15.09

China’s Charter 08

Liu Xiaobo & Perry Link
from New York Review of Books

The document below, signed by more than two thousand Chinese citizens, was conceived and written in conscious admiration of the founding of Charter 77 in Czechoslovakia, where, in January 1977, more than two hundred Czech and Slovak...

A Roadmap for US-China Cooperation on Energy and Climate Change

Asia Society

The world faces no greater challenge in the 21st century than arresting the rapidly increasing accumulation of greenhouse gases in the atmosphere that cause climate change. The two largest producers of these gases are the United States...

Sino-Japanese Relations: Issues for U.S. Policy

Congressional Research Service

After a period of diplomatic rancor earlier this decade, Japan and China have demonstrably improved their bilateral relationship. The emerging detente includes breakthrough agreements on territorial disputes, various high-level exchanges, and...

The NYRB China Archive
12.18.08

An Asian Star Is Born

Christian Caryl
from New York Review of Books

Ian Buruma’s life would itself make a nice subject for a novel. His father was Dutch; his mother was British, from a family that emigrated from Germany in the nineteenth century; as an undergraduate in the Netherlands he focused on Chinese...

Hong Kong SAR Economic Integration With the Pearl River Delta

International Monetary Fund (IMF)

Hong Kong SAR's economic integration with the Mainland has primarily taken place in the Pearl River Delta (PRD). Taking stock of integration trends, this paper discusses key implications for ensuring economic benefits of further integration are...

U.S. Foreign Aid to East and South Asia: Selected Recipients

Congressional Research Service

Since the war on terrorism began in 2001 and the Millennium Challenge Account (MCA) and Global HIV/AIDS Initiative (GHAI) were launched in 2004, the United States has increased foreign aid spending dramatically in some regions, including East and...

Taiwan: Overall Developments and Policy Issues in the 109th Congress

Congressional Research Service

U.S. officials saw relations with Taiwan as especially troubled during the 109th Congress in 2005-2006, beset by the increasing complexity and unpredictability of Taiwan’s democratic political environment as well as by PRC actions underscoring...

Creating Financial Harmony: Lessons for China 

Cato Institute

The current turmoil in global financial markets, which began with the American subprime crisis in 2007, has put market liberalism in a bad light.
But it was the socialization of risk—not private free markets—that precipitated the crisis....

China, Space Weapons, and U.S. Security

Council on Foreign Relations

China’s successful test of an anti-satellite weapon in 2007, followed by the US destruction earlier this year of an out-of-control American satellite, demonstrated that space may soon no longer remain a sanctuary from military conflict. As the...

Energy Interests and Alliances: China, America and Africa

EastWest Institute

According to conventional wisdom, the United States and China are locked in a high-stakes competition for energy resources around the world, particularly in Africa. Against the backdrop of highly volatile oil prices, mounting concerns about...

The NYRB China Archive
08.14.08

The Passions of Joseph Needham

Jonathan D. Spence
from New York Review of Books

It is now a little over four hundred years since a scattering of Westerners first began to try to learn the Chinese language. Across that long span, the number of scholars studying Chinese has grown, but their responses to the challenges of...

The NYRB China Archive
08.14.08

China: Humiliation & the Olympics

Orville Schell
from New York Review of Books

The Incident

On a snowy winter day in 1991, Lu Gang, a slightly built Chinese scholar who had recently received his Ph.D. in plasma physics, walked into a seminar room at the University of Iowa’s Van Allen Hall, raised a snub-nose .38-...

The NYRB China Archive
08.14.08

Why Didn’t Science Rise in China?

Jonathan D. Spence
from New York Review of Books

In response to:

The Passions of Joseph Needham from the August 14, 2008 issue

To the Editors:

In his illuminating essay on Joseph Needham [ NYR, August 14], Jonathan...

Taiwan: Recent Developments and U.S. Policy Choices

Congressional Research Service

In a large turnout on March 22, 2008, voters in Taiwan elected as president Mr. Ma Ying-jeou of the Nationalist (KMT) Party. Mr. Ma out-polled rival candidate Frank Hsieh, of the pro-independence Democratic Progressive Party (DPP), by a 2.2...

China’s “Hot Money” Problems

Congressional Research Service

China has experienced a sharp rise in the inflow of so-called “hot money,” foreign capital entering the country supposedly seeking short-term profits, especially in 2008. Chinese estimates of the amount of “hot money” in China vary from $500...

The NYRB China Archive
07.17.08

How He Sees It Now

Jonathan Mirsky
from New York Review of Books

It is open season on the Dalai Lama and not just for Beijing, for whom he is “a monk in wolf’s clothing,” or for Rupert Murdoch, who dismissed him as a “very old political monk shuffling around in Gucci shoes.” During his trip to London in May,...

Appeasing China: Restricting the Rights of Tibetans in Nepal

Human Rights Watch

This report concerns human rights issues surrounding the suppression of Tibetan protesters in Nepal. Following a Chinese governmental crackdown in Tibet in 2008, many Tibetans in Nepal began to protest. Nepali authorities have harshly suppressed...

Tibet: Problems, Prospects, and U.S. Policy

Congressional Research Service

On March 10, 2008, a series of demonstrations began in Lhasa and other Tibetan regions of China to mark the 49th anniversary of an unsuccessful Tibetan uprising against Chinese rule in 1959. The demonstrations appeared to begin peacefully with...

The NYRB China Archive
06.26.08

Casting a Lifeline

Francine Prose
from New York Review of Books

Sixty pages or so into Ma Jian’s novel Beijing Coma, the hero, Dai Wei, is troubled by the memory of a harrowing anatomy lecture that he attended as a university student. Taught by “a celebrated cardiovascular specialist,” the class...

The NYRB China Archive
06.12.08

Sentimental Education in Shanghai

Pankaj Mishra
from New York Review of Books

1.

In April 1924 Rabindranath Tagore arrived in Shanghai for a lecture tour of China. Soon after receiving the Nobel Prize for Literature in 1913, Tagore had become an international literary celebrity, lecturing to packed audiences from...

Tibet Autonomous Region: Access Denied

Amnesty International

This report, written in the aftermath of the widespread Tibetan unrest in Tibet and Tibetan regions of China in the spring of 2008, addresses the Chinese government with immediate demands. In cracking down on unrest, the Chinese government sealed...

Why Are Saving Rates of Urban Households in China Rising?

International Monetary Fund (IMF)

From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to ¼ of disposable income. The authors use household-level data to explain the postponing of consumption despite rapid income growth. Saving rates...

The NYRB China Archive
05.29.08

Thunder from Tibet

Robert Barnett
from New York Review of Books

1.

Every so often, between the time a book leaves its publisher and the time it reaches its readers, events occur that change the ways it can be read. Such is the case with Pico Iyer’s account of the fourteenth Dalai Lama, the exiled...

China’s Space Program: Options for U.S.-China Cooperation

Congressional Research Service

China has a determined, yet still modest, program of civilian space activities planned for the next decade. The potential for U.S.-China cooperation in space—an issue of interest to Congress—has become more controversial since the January 2007...

The NYRB China Archive
05.15.08

Twelve Suggestions for Dealing with the Tibetan Situation, by Some Chinese Intellectuals

Wang Lixiong
from New York Review of Books
  1. At present the one-sided propaganda of the official Chinese media is having the effect of stirring up inter-ethnic animosity and aggravating an already tense situation. This is extremely detrimental to the long-term goal of safeguarding

  2. ...

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