China’s full adoption of a market economy is far from being complete, which points to a bumpy road ahead for China. To keep prospering, China must work to limit the power of its government, earnestly continue its political system reform, secure legal protection of the rights and interests of all private entities, and develop a civil society.
Professor Denoon of New York University asserts that while China’s financial markets are growing rapidly, the basic structure of the system is not changing quickly, so increasing the range of investment alternatives will be important for improving competition and for creating a more stable Chinese financial system.
Anla Cheng of Sino-Century Private Equity and member of Committee of 100, talks about currency revaluation, bubbles, the power of SME’s and upcoming changes in financial regulatory posts
2011 witnessed the collapse of long-standing regimes in the Arab world and the near-collapse of the Euro, and proved to be a wild, rollercoaster ride for actors in the international arena. The US-Sino relationship was no different. Looking back at how the two sides have evolved in their interactions over the course of the past [...]
Famous Chinese economist Fan Gang speaks of the challenges that face small and medium enterprises in China.
Legislation intended to punish China for its currency policies is likely to exacerbate tensions with the U.S.’s third largest and fastest growing export market. A far more constructive and self-interested approach to resolving outstanding issues with China would be to redouble efforts to reform and modernization of China’s underdeveloped financial sector and further open China’s enormous markets to U.S. manufacturers and service providers.
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