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……

VOA chief cites imbalance in international media

The director of Voice of America called attention to the slanted news coverage by state-owned media outlets in foreign countries during the keynote luncheon of an international policy conference co-sponsored by the Center on Communication Leadership & Policy (CCLP) on April 17, 2015. David Ensor was interviewed by CCLP senior fellow Adam Clayton Powell III at the Pacific Council on International Policy's Spring Conference. CCLP director Geoffrey Cowan, former VOA director, introduced Ensor and Powell to the more than 200 people from governmental, non-profit, academic, and private sectors who gathered at the historic and elegant California Club in downtown Los……

LA Theatre Works to honor Geoffrey Cowan

Well-known as a best-selling author, public interest lawyer, academic administrator, government official, distinguished professor, and Emmy Award-winning producer, CCLP director Geoffrey Cowan is also a notable playwright who will be honored by LA Theatre Works to celebrate their decades-long collaboration. Cowan has worked with LA Theatre Works for 25 years on his award-winning play Top Secret: The Battle for the Pentagon Papers, which originally premiered as a radio play in 1991 in front of a live audience for national broadcast on NPR and later toured the country in 2007-8, had a five week run in New York City in 2010,……

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……