October’s shutdown of the US federal government elicited responses from Chinese leaders and businesses alike. These responses all seemed to send the same message – the US must get its house in order or China will not be investing in the United States much longer.
Changes suggested by the Third Plenum could be useful for America’s ailing economy.
Africa is poised to see an uptick in infrastructure construction following a pledge by China’s Export-Import Bank to invest as much as $1 trillion in financing in the continent over the next decade. As Robert Rotberg explains, the commitment will strengthen China’s partnerships with African nations while developing critical infrastructure in the region.
With significant reform measures clarified on the Party’s Third Plenum for such important sectors as fiscal and finance systems and State-owned enterprises, there are few direct mentions or words about urbanization. However, if reading between the lines, a major shift in the development of urbanization is too apparent to ignore, writes Zhang Monan.
With a new stage of reforms beginning, it is important for China to look outside its borders for economic reform. China aims to build a new major-power relationship with the U.S. and doing this should involve joining the TPP and other FTAs. Joining such agreements would bring a variety of benefits to the world’s second-largest economy.
If government power cannot be effectively restrained and supervised, the decisive role of the market in resource distribution will be undermined, writes Yi Xianrong.
Through an analysis of the Third Plenum communiqué, Zhang Monan argues that China has entered a new stage of development, and a second round of economic reform will promote growth in the decade to come.
China’s new leadership anticipates that entering Trans-Pacific Partnership (TPP) negotiations would trigger a new round of domestic reforms. Niu Tiehang elaborates on the new roadmap for Chinese reforms and the “outside-in” effects the TPP talks and the establishment of Shanghai FTZ would have on China.
Zhang Jun examines the factors affecting China’s potential rate of GDP growth.
Zhang Monan on the objectives of the Shanghai free-trade zone.
The success of the Canada-EU Trade Agreement has allowed Canada to refocus its priorities on the US-led Trans-pacific Partnership trade talks and potentially paves the way for a larger free trade deal in the future. Hugh Stephens posits that as trade negotiations continue, Canada will position itself to take a stronger foothold in Asia.
While China’s investments abroad were vastly state-led, private firms are increasingly looking to the United States for expansion. As Dan Redford points out, high profile purchases by Chinese firms are just the beginning of a new trend of private investment from China.
As free trade agreements flourish around the globe, He Weiwen examines the developments between the China-ASEAN FTA and the Trans-Pacific Partnership noting that while the US and China have been left out of each negotiation respectively, it does not mean the countries are competing directly against each other.
After nearly $1.5 million worth of elephant tusks were seized by customs agents in Hong Kong, international attention has turned to the illegal ivory and rhino horn trade in Africa – fuelled by Chinese demand.
As the 3rd Plenary of the 18th CPC Central Committee approaches, people have high expectations for financial system reform. The focus will be enhancing the efficiency of resource allocation through finance, and supporting a real economy, writes Zhang Monan.