From the Editors

Perspectives, Vol. 3, No. 1

Exactly two years ago, we started a small endeavor called Perspectives. Today, Perspectives has grown into a strong publication with more than 1,000 e-mail subscribers and an uncounted number of web readers, and with both English and Chinese editions. In the last two years, Perspectives published more than 100 articles in social sciences, law and humanities that are directly or indirectly related to China's development. For this steady and healthy growth, we thank you, our readers.

Although Perspectives has grown much bigger, she never lost sight of her commitments to quality, excellence and free exchange of ideas. Although Perspectives has a much larger readership now, she remains a readers' journal. With a group of dedicated editors who are all volunteers, Perspectives will continue to provide a forum for brainstorming, for debating and for creative thinking. Perspectives welcomes everyone's participation.

In this second anniversary issue of Perspectives, Junfu Zhang will share his research on the secret to the success of Silicon Valley, while Jingqing Chai and Barry Johnston offer an incentive approach to identifying a country's financial system vulnerabilities. Continuing his exposition of the Western political theory, Bo Li will discuss the moral foundation of liberalism. Under "Law," Xiaowen Qiu analyzes the regulation of tender offers in China, while Yun Zhou offers an educational approach to establishing the rule of law in China. Under "Society and Culture," in her skillful literary style, Ying Qian depicts a vivid scene of migrant workers in Shanghai railway station just before the Chinese new year. Finally, we present you with a special report from Tingting Shi about her teaching experience at Renmin University of China in Beijing, where she taught earlier this summer under a joint project between the Overseas Young Chinese Forum and Renmin University Law School.

We hope you will enjoy reading these articles, and in the spirit of Perspectives, your comments, suggestions or article submissions are always welcome. With warm regards.