Why It’s Time to End China-Bashing on the Environment

The major impact that international summits and treaties have had on China’s environmental governance is often overlooked. Environmental protection first emerged as an issue in China in 1972, after the country dispatched a delegation to the U.N. Conference on the Human Environment in Stockholm. Participation in this event was an important step forward for Chinese diplomacy. More importantly, it marked the point at which China began to create environmental authorities and laws.

Heading off a China-style Subprime Mortgage Crisis

By Caixin editor Hu Shuli

Warning of local governments’ high exposure to bad debts, the credit agency Fitch recently downgraded China’s long-term local-currency rating from AA– to A+. Officials should take note: the downgrade underlines how closely international markets are watching developments in the country.

Local government debt is nothing new, but the amount has been modest—until recently. The government’s pursuit in 2008 of a 4 trillion yuan stimulus package has pushed debt levels sky-high. The continuing growth of the shadow banking system is also a source of hidden risk.

Bird Flu’s Latest Talons Force Fresh Defense

A surprise attack by a new strain of the bird flu virus has forced Chinese authorities into the trenches for a two-pronged defense against unseen enemies.

The primary threat is the deadly virus that scientists identified as a new strain of H7N9. It first surfaced in February in Shanghai and, as of April 16, had infected sixty-six people in six provinces and municipalities nationwide, claiming fourteen lives.

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