The world first became concerned about North Korea's nuclear development program in 1989 through satellite photos of a facility under construction near the town of Yongbyon. Since then, there have been on-again, off-again negotiations with North Korea by the United States, the Republic of Korea (ROK), and other countries in the region to halt and dismantle North Korea's nuclear weapons program.

A consistent strategy focused on dialogue and diplomacy is essential to get out of the current quagmire, urged Song Min-soon, a member of the Korean National Assembly and a former Minister of Foreign Affairs and Trade, at a Korean Studies Program public seminar on October 18. Although the United States and the ROK must lead efforts, China's active involvement is also crucial. Resolving the nuclear issue is necessary to help ensure the long-term peace and prosperity of not only the Korean Peninsula but also the entire East Asia region.

Song explored reasons why previous negotiation attempts failed, especially the lack of a shared vision among the concerned countries for the future of the peninsula and region. He suggested that this rendered China less willing to play a stronger role in the negotiations. The imbalance of power among the negotiating countries is another significant factor. North Korea's only effective bargaining card is its nuclear weapons program, argued Song, while countries like the United States have the capability to offer or withhold important aid, such as energy and development assistance.

Song advocated a firm, direct approach, stating that the United States has not adopted a real strategy for effecting nuclear disarmament. Instead, it has opted for the "slogan" of "strategic patience." He cautioned against taking a hard line, such as the current ROK administration is pursuing. Song expressed the hope that the United States would focus more on developing a well-planned diplomatic strategy for resolving the nuclear issue and that the ROK would adopt a more conciliatory approach toward North Korea.

To move forward in the Six-Party Talks-negotiations among the United States, the ROK, North Korea, China, the Russian Federation, and Japan-and effectively resolve the North Korea nuclear issue, Song made several recommendations. He pointed to the long-term benefit of building trust incrementally by fulfilling small, strategic commitments to North Korea. To balance the asymmetry of negotiating cards, Song suggested that the other countries proceed with fulfilling their commitments and allow North Korea more time to fulfill its own obligations. Bringing China fully on board by building a logical basis for its involvement is also a crucial element of the negotiations, he offered. Finally, Song asserted that the United States, the ROK, and China must develop a shared, solid vision for peaceful coexistence on the peninsula, taking into account different scenarios and the roles each country should play.

Song expressed confidence that the approach he outlined would not only eventually resolve the nuclear issue but would also open the way for stability and prosperity for everyone in East Asia, including North Korea.

As reported by the Wall Street Journal's Loretta Chao, one of the speakers on the e-commerce panel at "China 2.0: The Rise of a Digital Superpower," Deutsche Bank analyst Alan Hellawell gave his firm's predictions on how e-commerice in China is going to shape up. By 2013, according to Hellawell, the percentage of online transactions in the retail space will go up to 7.2%, higher than the percentage of U.S. online retail commerce. Furthermore, Hellawell noted that companies wanting a piece of this business will have to meet high service standards that Chinese consumers have grown accustomed to in a short time.

The Wall Street Journal's Loretta Chao, one of the participants at SPRIE's "China 2.0" conference in Beijing, covered the event's panel on social media for the Journal's "China Realtime Report." Panelists at the conference covered the problem of censorship and its effect on social networking, the opportunities or lack of for foreign companies wishing to compete in this space, and the possibility of Chinese homegrown innovation in social media.

Youku CEO Victor Koo, in a "China 2.0" keynote, spoke on his company's place among Internet video services competing in China, China's increasing competitive prowess and how the rapid sharing of information is changing the development of business models in China.

Occupying the greater part of the United States Pacific coastline, California has long shared a relationship with Asia. Today, trade with China, Japan, and Korea accounts for nearly one-fourth of the state's overall $120 billion in exported goods, and an estimated one in seven California jobs is related to trade. In recognition of the crucial importance of this trade for the state's economic vitality, Governor Arnold Schwarzenegger and 100 business and government leaders embarked on September 9, 2010 for a six-day trade mission to Asia.

Forty representatives from the Bay Area, 40 from southern California, and 20 top government officials traveled with the mission, including leaders from California's agriculture, green technology (green tech), finance, and healthcare industries. Although intended to benefit the State of California, the trade mission also sought to leverage complimentary resources that would help nurture China's ever-growing innovation economy and to facilitate the continued exchange of people, technology, and capital. Marguerite Gong Hancock, associate director of the Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE), represented Stanford University and SPRIE on the delegation's visits to the cities of Shanghai and Hangzhou in China. This was the second and final Asia trade mission led by Governor Schwarzenegger during his tenure.

While in Shanghai and Hanghzou, Hancock engaged with policymakers, university officials, and private-sector business leaders. She took part in visits to several major companies, including the Hangzhou headquarters of Alibaba, China's e-commerce giant, during its "Alibaba Fest," an annual innovation conference. While there, Hancock and fellow mission members met with the company's president and learned about recent goods and services innovations, and about its global expansion strategies. In Shanghai, she visited the home of Zap-Jonway, the recently merged California electric vehicle manufacturer Zap and Shanghai electric motorcycle company Jonway. Zap-Jonway's CEO Steve Schneider plans for the company to develop electric vehicles for commercial fleets, such as taxicabs and trucks. "It is a really interesting example of California and Shanghai coming together, bringing technologies from both sides and then positioning themselves for market growth both in China and here in the United States," says Hancock.

SPRIE is at the forefront of research about factors that nurture innovation and entrepreneurship, and has engaged in the last two years in significant research about green tech. Hancock was frequently asked about how to build policies and industry strategies that foster the economic growth of green tech and about the possible implications for China, both in terms of collaboration and competition, in the shift in Silicon Valley's economy toward green tech.

During the Asia trade mission, Governor Schwarzenegger also made several important public announcements, including the news that California is going to formally bid to hold the 2020 World Expo at Moffett Field in Mountain View, which would be a major opportunity to showcase the best of the region's innovation and entrepreneurship to the world.

For more details about Governor Schwarzenegger's Asia trade mission, please visit the State of California's website.