Professor, Claremont McKenna College
Nov 11 , 2013
Outside China, the prevalent view among business leaders is that President Xi Jinping’s new administration has consolidated its power and acquired enough authority to push through far-reaching economic reforms. Unfortunately, this view is both too sanguine and naïve.
Sep 09 , 2013
China’s new leadership faces tough challenges at the third plenum of the 18th Central Committee with a focus on economic reforms. Minxin Pei writes that four policy priorities will dictate the success of China’s reforms: financial sector liberalization, an overhaul of the fiscal system, downsizing of state-owned enterprises, and abolition of the hukou system.
Jul 09 , 2013
The fifth meeting of the U.S.-China Strategic and Economic Dialogue (S&ED) is approaching quickly. While the first four S&ED meetings were relatively unproductive, there is hope that this meeting may be different, as the economic situation along with other aspects of the strategic bilateral relationship between the two nations have changed in recent months.
May 22 , 2013
China’s declining GDP has sent shockwaves through the financial sector as analysts begin to question China’s long-term economic strategy. As Minxin Pei points out, “zombie firms,” or companies primarily supported through bank loans and government subsidies, are complicating China’s sustained growth. By eliminating these firms and instituting reforms, China can bolster innovation and ensure the opening of its economic markets.
Mar 19 , 2013
China’s leadership transition is formally complete with the conclusion of the 12th National People’s Congress. Providing analysis on China’s new leaders, Minxin Pei writes that while economic and political reforms remain far-off in China’s future, the new leadership can convince the public they are committed to reforms at the inaugural meeting of the new Central Committee in the fall.
Nov 15 , 2012
With President Barack Obama’s re-election and Xi Jinping set to take power in China, Professor Minxin Pei urges both leaders to reassess bilateral relations and establish strategic trust.
May 02 , 2012
Rising tensions over maritime territorial disputes in the South China Sea are making this area one of the more dangerous geopolitical flashpoints in Asia. The
Feb 15 , 2011
Growth and prosperity help the CCP maintain its legitimacy. But the regime knows that performance-based legitimacy is unreliable, at best. The same frustrations