Former President, China Society of World Economics
Apr 30 , 2019
After a disappointing performance in 2018, China’s economy appears to be stabilizing. In the first quarter of 2019, GDP growth, at 6.4% year-on-year, matched that of the previous quarter. But growth in industrial production exceeded expectations, expanding by 6.5% year on year (and by 8.5% in March). Even exports growth was positive, albeit weak, despite the ongoing trade war with the United States.
Mar 01 , 2019
China must think twice before accepting the U.S. request to stabilize the renminmi.
Oct 31 , 2018
Whatever costs the US incurs from trade with China are vastly outweighed by the benefits. If Trump wants to sacrifice those benefits in a trade war, so much the better for China.
Aug 30 , 2018
While some observers are concerned by the fall of the Chinese currency, past experience offers a clear lesson: don’t panic.
Apr 24 , 2018
The Trump administration gives no credit to China.
Mar 05 , 2018
Whatever challenges China faces, the PBOC must not lose its nerve. For the sake of China’s continued economic stability and progress, it needs to convince markets that it is committed to a floating exchange-rate regime.
Jan 03 , 2018
For the last decade or so, China’s economy has been on something of a roller coaster ride. As 2018 begins, is the country approaching a new ascent, a steep drop, or something in between?
Nov 03 , 2017
In the past, the key challenge facing China was to stop importing “dark matter”: as one of the world’s largest net creditors, China needed to stop running an investment-income deficit. Today’s challenge is to avoid “matter annihilation”: China must prevent its net foreign assets from disappearing.
Jul 06 , 2017
In an ideal world, China’s government could respond by stimulating household consumption. But, in the absence of further reforms in areas like social security, growth in consumer spending is bound to be slow.
Jun 06 , 2016
China’s economic growth has been slowing for six years – far longer than expected. Eager to stem the slide, Chinese government officials and economists have desperately sought a clear explanation pointing toward an effective policy response.