Professor, Finance and Economics at Columbia University
Apr 08 , 2019
China is about to slash the employer contribution rate to the social-security fund from 18-20% (with some variation across regions) to 16%, and cut the value-added tax (VAT) rate from 16% to 13% (for most enterprises). This is on top of a previously announced reduction in the corporate income tax charged on the first CN¥3 million ($447,000) of taxable income.
Dec 10 , 2018
Reducing trade barriers would be a good idea for China – and the US.
Nov 07 , 2018
The inaugural International Import Expo is viewed as an opportunity to promote policies that could reduce China’s trade surplus, but this is not guaranteed.
Nov 02 , 2018
Amid a contentious economic environment, China should avoid its typical reforms and responses in favor of structural adjustments that can attack the problem rather than its symptoms.
Oct 18 , 2017
Since 2013, China has been pursuing its “Belt and Road” initiative, which aims to develop physical infrastructure and policy linkages connecting more than 60 countries across Asia, Europe, and Africa. If a few conditions are met, the economic case for the initiative is strong.