Recent Structural Change of the Chinese Economy and Japan-China Relations
The structure of the Chinese economy changed dramatically between 2005 and 2009. It changed from an export-investment leading economy to a domestic-demand leading economy. Before 2004 China was a huge factory because of its cheap and abundant labor. After 2010 it has become a huge market because of the rapid increase of their income level.
Not only the rapid growth of China’s GDP, but the rapid increase of the number of middle-class-income people in China whose GDP per capita surpass 10 thousand USD gave Japanese companies many business chances since 2010. Even under the worst political condition between Japan and China after Senkaku territorial dispute most of Japanese companies keep increasing their investment in China because Chinese local governments are so eager to invite the investment of Japanese companies. If Japan and China can realize the normalization of Sino-Japan relations, their win-win relationship should be accelerated.
The Xi Jinping’s administration started officially in March. Chinese ordinary people’s complaint against the Chinese government seems very strong mainly because the former administration put off the resolution of many important problems including the corruption of governmental officials, environmental deterioration, economic inequality. Xi Jinping’s administration should work on these difficult problems. In such a situation it is important for China to normalize Sino-Japan relations to enhance the economic stability.
Kiyoyuki Seguchi is the Research Director of the Canon Institute for the Global Studies. His research focuses on the Chinese economy and relations between the United States, China and Japan. He worked for the Bank of Japan from 1982 to 2009. He was the Chief Representative of the Representative Office of BOJ in Beijing from 2006 to 2008, the international visiting fellow at RAND Corporation (Los Angeles, CA) from 2004 to 2005. He received a bachelor’s degree in economics from the University of Tokyo.
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Broadening the perspectives of international professionals
For more than thirty years, Shorenstein APARC’s Corporate Affiliates Visiting Fellows Program has offered a unique opportunity for affiliate organizations to nominate personnel to spend an academic year at the Center. Since 1982 — one year before the Center even existed — visiting fellows in the program have been sharing ideas, forming connections, and broadening perspectives, from the early years when a handful of visiting fellows were hosted at Galvez House to recent groups of close to twenty visitors each year meeting in Encina Hall’s Okimoto conference room. As a recent visiting fellow observed, “Academically, professionally, and personally, the different perceptions I have now will change the way I approach and understand my future work.”
The present cohort of visiting fellows represents organizations in China, India, Japan, and Korea, and each fellow brings years of practical experience and an international perspective that informs and enriches the intellectual exchange at the Center and at Stanford University. A majority of the current affiliate organizations have participated continuously in the program for the past five years, or even longer.
The program — ideal for mid-career managers who wish to deepen their knowledge on topics relevant to their work — has fellows participating in a structured program, which includes creating an individual research project; auditing classes; attending exclusive seminars; and visiting local companies and institutions. In addition to broadening their views through interaction with world-class scholars, visiting fellows can network with managers from different countries and corporations.
With such an array of activities, every day in the life of a visiting fellow is different, and every year differs as well. The core research goal remains constant, but the changing composition of each group — more female fellows, varied professional backgrounds, and new countries joining the mix — keeps the program exciting and unique. One of the earliest visiting fellows from one of the longest-standing affiliate organizations put it best: “Shorenstein APARC, Stanford University and, more broadly, the Silicon Valley are culturally unique, and this program offers a great opportunity to understand some of the ins and outs and different mindsets that make the region so successful.”
The wide variety of participants has possessed an equally broad range of interests. Over the past three decades, visiting fellows have pursued research on topics ranging from “The Deregulation of Telecommunications Industries in Japan and the United States” to “Northeast Asian Interdependence;” from “Corporate Governance & Energy Management” to “Advanced Tools for Complete Characterization of Biopharmaceutical Products” to “Risk Management in Large Commercial Banks in China.”
Once visiting fellows return to their home institutions, the Corporate Affiliates Program stays connected with alumni, allowing it to maintain close partnerships with not only its affiliate organizations, but also with all of the people who have passed through the program. The alumni network has grown to more than 350, with many individuals holding prominent positions in both the corporate and governmental sectors, working in countries around the world including Russia, France, Indonesia, and Australia. Recent alumni events held in locations like Seoul and Tokyo have kept the program in close contact even with those visiting fellows who came through the Center during the early years.
The Corporate Affiliates Visiting Fellows Program thrives by bringing together a diverse international group, and through the shared experiences of research and study at Stanford University. It creates long-lasting bonds and a new community — one that enriches the university and finds within itself new, constructive perspectives. Ultimately, the hope is that these experiences will over time contribute to stronger U.S.-Asia relations.
» Large gallery: Highlights from Corporate Affiliates Program activities
Oi appointed to new Schwarzman Scholars program in China
Jean C. Oi was appointed to the Academic Advisory Council of the newly founded Schwarzman Scholars international scholarship program.
Oi, a political economist specializing in contemporary China, is director of the Stanford China Program, the William Haas Professor in Chinese Politics, and a senior fellow at the Freeman Spogli Institute for International Studies. She also serves as the Lee Shau Kee Director of the Stanford Center at Peking University.
The Schwarzman Scholars Program will annually support 200 students, from the United States and other countries, for a one-year master’s program at the prestigious Tsinghua University in Beijing. American financier Stephen A. Schwarzman endowed the program, which is slated to launch in 2016. FSI senior fellow and former Secretary of State Condoleeza Rice will also serve as an honorary member of the program’s Advisory Board.
“Knowledge about China is essential for the 21st century,” Oi said. “The Schwarzman Scholars Program promises to provide a much needed opportunity to bring together top graduates from around the world to gain a first-hand understanding of China’s society, economy, and politics. It is difficult to overstate the importance of such learning and friendships that will form among those who will include future leaders of the world.”
Modern Korean History: A Conversation with Three Historians
LOCATION
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Encina Hall
616 Serra St., 3rd floor
Stanford University
Stanford, CA 94305
» Directions/Map
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The 1950s, the period between the catastrophic Korean War (1950-1953) and Korea’s ambitious industrialization in the 1960s and 70s, has remained relatively "neglected" among historians of modern Korea. The guest speakers will present their studies of this era’s culture, intellectual climate, and politics; and discuss colonial legacy, cold war, and reconstruction in the wake of the Korean War.
Participants:
Eckert is the author of a number of books and articles, including Offspring of Empire: The Colonial Origins of Korean Capitalism, and he is also a co-author of Korea Old and New: A History, a widely-used university textbook on Korean history.
Robinson has worked extensively in program development at the university and national level with a special focus on Korean Studies.
Moon is the author of Populist Collaborators: The Ilchinhoe and the Japanese Colonization of Korea, 1896–1910 (Cornell University Press, 2013). She is currently working on a new book tentatively titled Toward a Free State: Imperial Shift and the Formation of Post-Colonial South Korea, 1931–1950.
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Where Is China Headed?
** We are currently experiencing some problems with our online RSVP system. If you have any difficulty registering for this event, please send an email directly to the organizer, Meiko Kotani, via email meiko@stanford.edu. Thank you for your cooperation. **
China has surpassed Japan to become the second largest economy in the world, and is able to strongly impact the global economy, politics and society. But can China sustain and maintain relatively high economy growth in the future? Can China surpass the United States to become the largest economy in the world? Will the "China Growth Model" change? These questions are now of great concern to the world. Being a member of the management team of China's leading investment bank for ten years, Tatsuhito Tokuchi will speak on these themes from his China insider point of view. He will also touch upon the future prospect of the China-Japan relationship and Chinese foreign diplomatic policy, which are the questions that people in neighboring countries are very much concerend about.
Tatsuhito (Ted) Tokuchi is a Managing Director of CITIC Securities, the largest investment banking in China, and Chairman of CITIC Securities International, a subsidiary of CITICS in Hong Kong. He is known as an only executive of a native of Japan for large indigenous Chinese companies. Tokuchi was born in Tokyo in 1952. In 1964, he went to Beijing with his parents, and there he spent thirteen years of his youth. Tokuchi joined Daiwa Securities Comapny in 1980 in Japan, and during his twenty-year career at Daiwa, he engaged in investment banking and management of teams in Tokyo, New York, Hong Kong, Singapore and Beijing. In 2002, he joined CITIC Securities Company as a head of the investment banking division. Tokuchi received a B.A. in Chinese Literature from Beijing University in 1976, and an M.A. in East Asian Studies from Stanford University in 1985.
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