Sun Lijian, Associate Professor, Fudan University
Apr 15, 2015
To offset weaker export numbers and a reliance on foreign reserves, China needs a growth model that emphases quality goods and innovation-led growth. A twenty-first century economic model of innovation particularly requires the support of a highly efficient financial system, a sound legal system of intellectual property protection, fair tax incentives, and better entrepreneurial education.
Yifan Hu, Chief Economist, Research of Haitong International
Apr 14, 2015
The rapidly swelling local government debt in China over the past few years are seen by many as a trigger to a credit bubble, or even a full-blown financial crisis. Budget reform, the first critical reform among over 330 reform proposals of the Xi administration, has kicked off, laying the foundation for a more balanced and transparent government budget and financing structure. Yifan Hu outlines the areas needed for both short and long term structural changes.
Apr 09, 2015
As China’s economy slows and major U.S. corporations increasingly are moving operations to other parts of Asia, despite the geopolitical risks in other emerging economies. U.S. investment in Southeast Asia surpasses its investment in Brazil, Russia, India and China combined. Curtis China and Jose Collazo discuss the best practices for diversifying Asian investment.
Yi Xianrong, Researcher, Chinese Academy of Social Sciences
Mar 27, 2015
The Chinese central bank just announced that it will cut interest rates, but the market is more concerned about whether this means China is officially in the sweeping global game of quantitative easing. The Chinese central bank is now in a monetary policy dilemma: It is neither willing to embark on the track of excessive quantitative easing, nor ready to tighten currency policies. Instead, it is returning to neutrality, which doesn’t mean an orientation change in its monetary policies.
Niu Li, Director of Macro-economy Studies, State Information Center
Mar 18, 2015
Despite China’s remarkable growth, the property market still faces the challenges of consolidation, industrial overcapacity, financial risk, deflationary risk, and structural employment issues. In response the government will adjust to the economy’s “new normal” of slower growth, move toward an innovation based economy with more public goods and services, and pursue a proactive fiscal economy and a prudent monetary policy.
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
Mar 09, 2015
China’s selectiveness of foreign investment reflects its restructuring economy, one that invests less in capital and labor intensive industries to investments in human resources and technological innovation. Some far-sighted multinational companies are actively making use of the new rules, seizing the opportunity of China’s structural transformation and beginning to make active arrangements in the strategic newly emerging industries and the high-end service industry.
Feng Zhaokui, Honorary Academician, Chinese Academy of Social Sciences
Mar 02, 2015
Discussion of whether or not China will lead the world through a “third industrial revolution” ignores the China’s excess supply of low quality products, polluted air and water, and an information sector that isn’t completely integrated with manufacturing. China still has a ways to go in industrializing while facing changing international circumstances.
Stephen Roach, Senior Fellow, Yale University
Feb 25, 2015
The renminbi has appreciated sharply over the past several years, exports are sagging, and the risk of deflation is growing. Under these circumstances, many suggest that a reversal in Chinese currency policy to weaken the renminbi is the most logical course. That would be a serious mistake.
Yi Xianrong, Researcher, Chinese Academy of Social Sciences
Feb 16, 2015
European quantitative easing policy lead to the depreciation of the RMB exchange rate, but this depreciation is being carefully and intentionally observed by China’s central bank to observe the actual impact on the Chinese economy. A more flexible and internationalized RMB will be better to guard against depreciation.
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
Feb 04, 2015
China’s “new normal” economic development is necessary to achieve more valuable GDP growth at a more reasonable speed and sustainability. Key components of these reforms will be decreased growth, higher-level manufacturing, narrowing of rural and urban wealth, capital exports, a consumer middle-class, and new small businesses.