Senior Fellow, China Center for International Economic Exchanges
Aug 09 , 2013
China's government is now attempting fiscal decentralization to revitalize the public-finance position, while adopting financial decentralization to maintain currency stability. Indeed, the quest for macroeconomic balance has become the main goal of economic policy.
Jul 24 , 2013
Laying out the argument for economic reforms, Zhang Monan explains how debt accumulation is on the rise in China. While the real economy tumbles, shadow banking and off-balance-sheet financing is on the rise, making it vital that Chinese leadership lessen the burden on the real economy.
Jul 13 , 2013
In the coming years, China’s government will have to confront significant challenges to achieve stable, inclusive, and sustainable economic growth. But, with mounting fiscal and financial risks threatening to derail its efforts, policymakers must act quickly to design and implement prudent, forward-looking policies.
Jun 10 , 2013
Though facing a largely uncertain prospect for its economic recovery after the 2008 financial tsunami, the US has for five years worked strenuously to promote economic restructuring, lay out plans for developing new industries globally and shore up its potential competitiveness for future growth.
May 27 , 2013
From a medium and long-term point of view, a race between reform and crisis will be inevitable, says Zhang Monan. China must perfect its central and local financial systems, and create a framework for the control of financial debt risks at the earliest date possible.
Apr 16 , 2013
Zhang Monan writes that the global economic system is shifting, and China must seize the strategic opportunities with a new line of thought by working hard to avoid any weakening of its development, seizing new opportunities and creating new advantages.
Mar 12 , 2013
As vested interests and established powers continue to distort China’s economy, Zhang Monan highlights three areas of Chinese society where reforms would provide equality and opportunity for socio-economic development while allowing growth.
Feb 19 , 2013
China’s economic growth model is running out of steam. According to the World Bank, in the 30 years after Deng Xiaoping initiated economic reform, investment accounted for 6-8 percentage points of the country’s 9.8% average annual economic growth rate, while improved productivity contributed only 2-4 percentage points.
Jan 22 , 2013
Severe weather forced China to transform its mode of growth by creating a sustainable economic and energy system conditions.
Dec 07 , 2012