FOREWARD

On Financial Innovation and Economic Growth

Robert C. MERTON

FROM THE EDITORS

Yuan CHEN

SYMPOSIUM: 150 YEARS OF CHINESE STUDENTS TO AMIERCA

150 Years of Chinese Students to America

Tsu-Kai CHU

The Beginning of Chinese Studies and Chinese Students at Harvard

Bernadette Yu-ning LI

My American Experience: First Impressions and Future Prospects

Weiming TU

An American Education --- The Right End of a Seesaw

Gungwu WANG

Rediscoveries at New Oriental

Minhong YU

Short Time Schooling in US, Life Long Contribution to China

Simou WEN

ECONOMICS

Should China Appreciate Yuan?

Robert S. ECKAUS

China's Economy, Beyond 2003

William OVERHOLT

Private Cars: Why China Should Learn from Singapore and Avoid the Horrible Outcome of Bangkok?

Yew-Kwang NG

Business Incubation System in China

Zhenjun YAN

LAW

Towards Precedent System in China --- One Way of Institutionalization of the Rule of Law in China

Qi ZHANG

HEALTH CARE

Disparity in Health: The Underbelly of China's Economic Development

William C. HSIAO

The Hong Kong Health Care System-a 1960s System in a 21st Century World

Winnie C. YIP

Eating Spring Rice: Transactional Sex in the Era of Epidemics

Sandra Teresa Hyde

EDUCATION

Expansion of Higher Education in China: Then what?

Kai-ming CHENG

Becoming World-Class: Chinese Universities Facing Globalization and Internationalization

Ruth HAYHOE, Qiang ZHA

The Most Urgent Problem in Student Loan Scheme in China: Repayment

Hong Shen

TECHNOLOGY

3G myth in China

Meng WANG

High-tech Development in China -- A view from the optics industry

Lijun MA

Foreign Direct Investment
The Automobile Industry in China after WTO Entry

Eric HARWIT

China's Foreign Direct Investment in Perspective

Ting GAO

MEDIA AND ARTS

China's Media Reform: Where to Go?

Jie LIN

Temptations of the Sunshine and Wilderness: An Artist's Journey in Tibet

Fang ZHANG

A Traveler on the New Silk Road: An Interview with WU Man, the Pipa Virtuoso

Xiaomin Melissa ZHUO

CULTURE AND SOCIETY

The Next Big Tourism Saga

Pekka MYKKANEN

Guanxi and its influence on Chinese business practice

Duo LEI