Published by the Overseas Young Chinese Forum
http://www.oycf.org
Volume 6, No. 2, June 30, 2005
All Rights Reserved, OYCF 2005

CONTENTS

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1. From the Editors

2. Special Report
The State of Rural China: OYCF Seventh Annual Meeting Summary

3. Economics
China’s Emerging Domestic Debt Markets: Facts and Issues (Pieter BOTTELIER)

4. Political Theory and Practice
Decentralization and Local Governance in the Context of China’s Transition
(Yifu LIN, Ran TAO and Mingxing LIU)

5. Law
a. The 2004 Amendment to China’s Constitutional Law
(Wen-Chieh WANG and Min-Chiuan WANG)
b. Independence of the Board of Directors and Globalization of China’s Corporations: Lessons in Effective Corporate Governance (Yee Sze THIAN)
c. Expensing Stock Options and What It Means for US High-Tech Startups (Benjamin QIU)

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Co-Editors: Xiaojiang HU, Yan LI, Zhengxu WANG, Feng LIANG
Executive Editor of this Issue: Xiaojiang HU
Managing Editor: Yinmei WAN
Associate Editors: Chunping HAN, Pengyu HE, Xiaoshuo HOU, Hanson LI, Sida LIU, Junling MA, Dongtao QI, Hong QIAO, Bochun QIU, Wei SHAN, Jie SHEN, Weiwei SHEN, Tingting SHI, Su SUN, Hai WANG, Yong WANG, Duan WU, Jin XU, Xiaodong YI, Chi ZHANG, Junfu ZHANG, Lingling ZHAO, Rui ZHAO, Wentong ZHENG
Copy Editors: Julie HARTLE, Jing HE, Jing LI, Zhuowei LI, Ting LU, Eric RASSBACH, Catherine YING, Yan ZHANG, Hao ZOU
Senior Editors: Jin CHEN, Bo, LI, Yu LIU, Zhimin WEN, Min ZENG, Li-an ZHOU
Acquisition Editors: Yang SU, Chi ZHANG