Fighting Spam to Build Trust

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 to work together on a major cyberspace challenge. The results are strong joint recommendations for fighting spam—an underrated problem in cyberspace. Spam, which comprises as much as ninety percent of all email messages carried in networks, irritates end-users, clogs networks, and carries the malicious codes used by hackers for fraud and other crimes. To fight spam, the experts made two key recommendations: first, the creation of an international forum to deal with spam; second, that network operators, Internet service providers, and email providers follow forty-six mutually-agreed upon best practices. Those best practices include the creation of international protocols to weed out spam from legitimate messages; consumer education about botnets; and that ISPs in both countries use feedback loops to discourage spam.

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EastWest Institute

Inscrutable China

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.

Let the Devil Take the Hindmost

China became part of my life when I met and married Edgar Snow. I had read Red Star Over China long before I knew the author but the years that followed were largely devoted to my acting career in New York. China was rather remote from Broadway. Through Ed, I developed close relationships with his friends and colleagues. Agnes Smedley showed me how to cook “oriental pilaf,” something she didn’t learn in Yan’an; Ed and Jack Belden speculated about events in China, past and present, over frequent games of chess in our home.

Quality of Life: India vs. China

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 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed about India’s overtaking China in the rate of growth of GNP, while not comparing India with China in other respects, like education, basic health, or life expectancy. Economic growth can, of course, be enormously helpful in advancing living standards and in battling poverty. But there is little cause for taking the growth of GNP to be an end in itself, rather than seeing it as an important means for achieving things we value.

Crazed Madmen, Foreign and Domestic

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 Wall Street is on our agenda again today, along with Chinese reactions to the assassination of Osama Bin Laden and a curious foreign investment play by a shady Chinese company. We also touch briefly on China’s new Internet regulatory overlords and the long-gone May Fourth movement.

An American Open Door?

Maximizing the Benefits of Chinese Foreign Direct Investment

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 United States and China—indeed, China and the world—interact in the future has only recently begun to emerge. China is now taking a lead role in seeking to invest in ventures around the world, including the United States, through mergers, acquisitions, and greenfield investments. As a result, the United States is finding itself increasingly on the receiving end of foreign direct investment from China. The purpose of this study is to provide American officials and the public at large with an informed basis for assessing the challenge posed by this new reality. The authors believe that the United States can, without decreasing its vigilance on national security matters, embrace Chinese investments in ways that will stimulate innovation, job creation and infrastructure renewal, while at the same time laying the foundation for a more cooperative relationship with China.

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Asia Society

Nouriel Roubini Gets It in the A** in China

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 to a hard landing and a deflationary spiral sometime after 2013. We read the same news he does, which leads us to ask what the experts have to say about this, and what on earth any of this has to do with Shanghai truckers and Groupon China?

China and Africa: Small Hydro Power Cooperation

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 behind its success in China, before moving on to examine existing Chinese technology transfer and capacity building activities with the Global South, and Africa in particular. The paper includes some observations of how a failure to account for development differences between China and the rest of the world often leads to inappropriate measures to develop SHP, and suggests several steps which could be taken to promote similarly rapid SHP development in Africa in the coming decades.

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He Jianan