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.
Jan 11, 2016
China isn’t facing a "cataclysmic" economic slowdown and last week’s market turmoil was more about badly designed stock market circuit breakers, said Nobel-prize-winning economist Joseph Stiglitz.
Jan 11, 2016
China will use market solutions to ease its overcapacity woes and will not use investment stimulus to expand demand, Premier Li Keqiang said during a recent visit to northern Shanxi province, according to state media.
AP, The Associated Press
Jan 08, 2016
The Asian Development Bank president said Friday he is optimistic China's economy will post healthy growth of 6.7 percent this year despite jitters over the yuan's depreciation and a plunge in Chinese stocks.
Ben Reynolds, Writer and Foreign Policy Analyst in New York
Jan 08, 2016
Quantitative easing may in part explain the destabilizing effects that the global economy is facing, with cheap credit continuing to fueling the expectation of ever-rising prices. The 2015 Chinese crash was a direct product of the U.S. financial crisis of 2008, which was itself the result of a bubble in financial, insurance, and real estate assets.