Yi Xianrong, Researcher, Chinese Academy of Social Sciences
Feb 02, 2016
There is no need to worry about the slide in China’s GDP growth and its turbulent financial markets, because the market economy has taken root across the country — a market of 1.4 billion consumers. Pressures from regional setbacks can be absorbed by the greater national economy, as long as the government pursues its transition from a real estate-driven economy.
He Weiwen, Senior Fellow, Center for China and Globalization, CCG
Feb 01, 2016
China’s economy will continue to slide for some time in 2016, and the overall growth rate will be even lower than in 2015. However, the economy’s fundamental sectors portend a steady growth rate of 6.5-6.8%, depending on the progress of the reforms and restructuring, and on the developments of world economic situation. In any event, a major slump or “hard landing” seems out of the question.
Joseph E. Stiglitz, Professor, Columbia University
Jan 29, 2016
Too often the debate about China’s economy has been dominated by naive proposals for supply-side reform – accompanied by criticism of the demand-side measures adopted after the 2008 global financial crisis. Those measures were far from perfect; they had to be formulated on the fly, in the context of an unexpected emergency. But they were far better than nothing.
Stephen Roach, Senior Fellow, Yale University
Jan 27, 2016
The fears about the economic meltdown in China are overblown. The mismatch between progress in economic rebalancing and setbacks in financial reforms must ultimately be resolved as China transitions to new growth model. But it does not spell imminent crisis.
Yi Xianrong, Researcher, Chinese Academy of Social Sciences
Jan 27, 2016
Stabilizing the RMB exchange rate not only requires comprehensively striking back the short-selling speculation but, more importantly, reversing the expectation of RMB depreciation and well managing the expectation. Substituting a new exchange rate index for the old exchange rate index has not impressed the international market. The RMB exchange rate should be anchored to the USD exchange rate to build confidence.
Jan 25, 2016
For all the hand wringing over China’s economic slowdown, the employment picture has so far remained immune to tumbling stocks, a sliding currency and waning industrial growth.
Jan 22, 2016
Falling growth in the world’s second largest economy has concerned investors and roiled financial markets so far this year, along with falling oil prices, but China’s Vice President Li Yuanchao put a positive spin on his country’s lowest growth in a quarter of a century in a speech at the World Economic Forum on Thursday.
Jan 21, 2016
Amid the gloom hanging over China, a senior adviser to Chinese President Xi Jinping gave a rare defense of the country’s economy, saying Beijing has strong leadership to continue its effort to remake the country’s growth model while pledging not to launch massive stimulus to revive growth
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
Jan 20, 2016
As it acts upon the 13th Five Year Plan, Beijing must combine government fiscal investment, corporate R&D, industrial investment, venture capital, bank credit investment, capital market financing, science funding and more, to make a financial system with a full range of support to update China’s economy. An efficiently operating system will be key to the nation’s future competitiveness.
Jan 19, 2016
China’s economy grew at its slowest pace since 1990 last year but stayed within range of the government’s target, as growth in services such as finance and healthcare cushioned a slowdown in manufacturing and construction.