Gregory Poling will begin with a multimedia presentation highlighting the most important aspects of the South China Sea disputes, including the competing legal claims, recent clashes, and the oil, fisheries, and trade interests that help feed the conflict. He will then examine recent actions by the various claimants and the motivations behind them, including the Philippines' recent decision to take China's claims to a UN arbitration tribunal. He will show why commentators have been too quick to dismiss Manila's case. During the Q&A he will field questions on any aspect of the disputes, including what they imply for Asia and US-Asian relations.

Gregory Poling’s work at CSIS includes managing projects focused on US foreign policy in the Asia-Pacific, especially in Southeast Asia. In addition to the South China Sea, his research interests include democratization in Southeast Asia and Asian multilateralism. Before joining CSIS he lived and worked in China as an English language teacher. He has an MA in international affairs from American University, earned his BA in history and philosophy at Saint Mary's College of Maryland, and has studied at Fudan University in Shanghai.

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In China Goes Global, eminent China scholar David Shambaugh delivers the book many have been waiting for—a sweeping account of China's growing prominence on the international stage. Thirty years ago, China's role in global affairs beyond its immediate
East Asian periphery was decidedly minor and it had little geostrategic power. As Shambaugh charts, though, China's expanding economic power has allowed it to extend its reach virtually everywhere—from mineral mines in Africa, to currency markets in the West, to oilfields in the Middle East, to agribusiness in Latin America, to the factories of East Asia. Shambaugh offers an enlightening look into the manifestations of China's global presence: its extensive commercial footprint, its growing military power, its increasing cultural influence or "soft power," its diplomatic activity, and its new prominence in global governance institutions. But Shambaugh is no alarmist. In this balanced and well-researched volume, he argues that China's global presence is more broad than deep and that China still lacks the influence befitting a major world power—what he terms a "partial power."

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David Shambaugh is professor of political science and international affairs and director of the China Policy Program at George Washington University, as well as a nonresident senior fellow in the Foreign Policy Studies Program at the Brookings Institution in Washington, D.C. His most recent books include Tangled Titans: The United States and China; Charting China's Future: Domestic & International Challenges; and China's Communist Party: Atrophy & Adaptation.

**Books will be available for purchase at the talk.**

In this talk, Mayling Birney presents evidence that China uses a distinctive form of governing, what she calls a “rule of mandates” in contrast to a rule of law. Under a rule of mandates, standards for accountability are relative rather than absolute, as lower officials are effectively directed to adjust the local implementation of the center's own laws and policies in order to meet the center's highest priorities. In China, this governing system has helped promote stability and growth, yet curtailed the potential impact of rule of law and democratic reforms. Birney demonstrates this impact by drawing on evidence from original surveys, interviews, and archival work. Yet she also explains why this governing system is likely to become more problematic for China in the future, potentially jeopardizing even the economic growth and stability it has thus far supported.

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Dr. Mayling Birney (London School of Economics) is a comparative political scientist with a special expertise in China. She is currently finishing a book about China’s distinctive form of authoritarian governing, in which she highlights its consequences for stability, justice, rule of law, and political reform. Prior to arriving at LSE, Dr. Birney was jointly appointed as a fellow in the Princeton University Society of Fellows and a lecturer in the Woodrow Wilson School.  She has also served as a fellow at the Brookings Institution and as a Legislative Aide in the United States Senate. She holds a PhD in political science from Yale University, an MSc in economics from LSE, and a BA in government from Harvard University.

Will China’s new leadership push through new financial reforms? The private sector is growing rapidly but private firms complain about their inability to get loans.  Reforms undertaken over the past 20 years have brought change, but much remains to be done. There are now many non-governmental banks and financial institutions operating in China, including foreign firms. But how effectively can they operate?   How open is China’s financial system to the non-governmental banks and to foreign participation? Are the challenges different for foreign firms?  How might foreign firms best cooperate with local firms as Chinese firms increasingly globalize?  Two bankers, James Chen, head of Hollyhigh International Capital, the first investment banking firm specializing in mergers and acquisitions (M&As) in Mainland China, and Carl Walter, recently retired Managing Director, JPMorgan Chase, China, will assess the changes in China’s financial realm. 

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James (Mingjian) Chen is the chairman of Hollyhigh International Capital, the first investment banking firm specializing in mergers and acquisitions (M&As) in Mainland China. He is also an adviser of the Beijing Olympics organization. Chen is a member of the liaison committee in the China National Democratic Construction Association, the chairman of the M&A Elite Club, as well as a member of the Fuping Foundation for poverty alleviation. He also serves as the chief editor of the China M&A Review, and has published Winning the Deal and M&A Revolution.

Chen graduated from Tsinghua University’s Department of Economics and Management in 1993. After graduation, he worked as a trader at China Great Wall Financial Company for several years. He then established Tsinghua Unisplendour and Hollyhigh Investment Company, in 1997 and in 1998 respectively. In addition to his work at Hollyhigh, Chen is actively engaged in M&A projects for international corporations, such as Lafarge, Shell, SK, and Scottish & Newcastle.

Chen’s deal between Teda and the Meilun Group was used as the first M&A case study at Tsinghua University. He has lectured at many renowned institutions, including Harvard University and the Economist Intelligence Unit.

Carl E. Walter worked in China and its financial sector for the past 20 years and actively participated in many of the country’s financial reform efforts. While at Credit Suisse First Boston he played a major role in China’s groundbreaking first overseas IPO in 1992, as well as the first primary listing of a state-owned enterprise on the New York Stock Exchange in 1994. He was a member of senior management at China International Capital Corporation, China’s first and most successful joint venture investment bank where he supported a number of significant domestic and international stock and bond underwritings for major Chinese corporations. More recently at JPMorgan he was China chief operating officer and chief executive officer of its banking subsidiary. During this time Walter helped build a pioneering domestic security, risk and currency trading operation.

A long time resident of Beijing before his recent return to the United States, Walter is fluent in Mandarin and holds a PhD from Stanford University and a graduate certificate from Peking University. He is the co-author of Red Capitalism: The Fragile Financial Foundations of China’s Extraordinary Rise as well as Privatizing China: Inside China’s Stock Markets.