Further opening and reform of China’s financial sector is good news for foreign firms and even better news for China itself. Financial innovation will encourage economic growth and benefit companies and the public sector alike.

China’s GDP growth may still be strong by global standards, but the annualized rate of 6% in the third quarter of 2019 is the lowest the country has recorded since 1992. In fact, China’s GDP growth has been slowing steadily since the first quarter of 2010, when it exceeded 12%, year on year. This downward trend is riskier than many observers seem to realize.

If current negative global trends continue, China is likely to step up efforts to keep growth above the line. It will continue to serve as the largest contributor to global output in any event.

The elimination of tariffs, barriers and subsidies will not only promote fair market competition and end policy distortions but will also greatly enhance the competitive advantage of enterprises. China’s free trade zones should pay heed and embrace such reform.

China and the United States have both been taking hard hits from their now 14-month trade war. How will the two countries proceed, and, more importantly, is the world truly in jeopardy now that the world’s two largest economies are faltering?

China’s recent economic prosperity is tied to the emergence of a unique political economy, “Sino-capitalism.” This system remains deeply misunderstood in the West, yet forms an integral and highly important component of the global economy that cannot be “contained.”

Gross domestic product growth weakened to lowest since 1990s. Factory output, retail sales beat expectations in June.

Over nearly 40 years of economic reform, China has reaped extraordinary rewards from opening up to the world. Integration into the global economy – albeit

While the trade war clearly hurts China more than the US, in both absolute and relative terms, data and historical experience show that these losses are manageable for the Chinese economy.

China’s latest earnings reports show that new technologies are at the center of national growth despite its slowing economy, with new energy vehicles and 5G communications equipment sellers performing especially well. Even so, China’s economy continues to suffer from softer global demand and the ongoing trade war with the U.S.