Why China’s stock market bubble was always bound to burst

This article by CCLP senior fellow Orville Schell was originally published in the Guardian (UK). Over the past few weeks, punters in China underwent a near-death experience when their country's two stock exchanges entered freefall. The rapidly inflating bubble that had driven share prices to dizzying heights had suddenly burst. By this spring, the stock markets in Shanghai, with 831 listed companies, and Shenzhen, with 1,700, boasted a combined market capitalization of $9.5 trillion, which made them – along with the much older Hong Kong exchange – the second-largest financial market in the world….

Can the U.S. and China get along?

This op-ed by CCLP senior fellow Orville Schell was originally published in The New York Times. For longtime observers of China, the last two years have been unsettling. Under Xi Jinping the Chinese Communist Party has made it more difficult than ever to hope that the People's Republic is still dedicated to the agenda of "reform and opening up" that was the mantra of the Deng Xiaoping era. Instead, Beijing has served up a neo-Maoist cocktail of autocracy within and truculence without. Despite meetings between Presidents Xi and Obama, and a yearly Strategic and Economic Dialogue, the level of discouragement…

California and China, a model for collaboration on climate change

International leaders should build on the success of the partnership between Chinese provinces and the state of California in combating climate change, according to a new report co-authored by CCLP senior fellow Orville Schell, the Annenberg Foundation Trust at Sunnylands, and the Asia Society. "The latest agreement in November 2014 between the United States and China to reduce carbon emissions will help set a new course in the effort for greater international cooperation on climate change, but states, provinces, and municipalities also have a vital role to play," reads the report, titled A Vital Partnership: California and China Collaborating on…

Schell in CNN – Middle East Uprising

Amidst the riots in Libya, many fear that China will follow in the steps of many middle eastern countries and begin taking to the streets in violent protest. Not so, says Senior Fellow Orville Schell. "I think most Chinese do feel that things are going pretty well in China, economically at least to date," said Schell in CNN. "Obviously there are some dissatisfied elements, but I don't think that there's the same level of cause for a populist uprising."…