Dan Steinbock, Founder, Difference Group
Sep 24, 2015
Thanks to misguided stories about President Xi’s reforms, America risks losing the opportunity to participate appropriately in China’s massive economic rebalancing and reform drive.
He Weiwen, Senior Fellow, Center for China and Globalization, CCG
Sep 24, 2015
China’s stock-market correction was predictable after its wild rise, but it does not signal a sustained economic slump. However, “China shock” did influence the U.S. and European stock markets, despite the effect being psychological and temporary. During the first half of September, U.S. and European markets have been rising steadily, despite the lingering struggles for Chinese stocks. With an expected mild rebound by the end of the year and beyond, it is likely that China’s imports will gradually pick up, thus contributing more to the world commodities demand recovery.
Lawrence Lau, Ralph and Claire Landau Professor of Economics, CUHK
Sep 23, 2015
In 1997, at the height of the East Asian currency crisis, I wrote an article, “The Sky is not Falling (天塌不下来),” basically saying that the Chinese economy would be able to emerge from the crisis more or less unscathed.
Gordon Chang, Writer
Sep 22, 2015
While China’s National Bureau of Statistics’ (NBS) reporting on GDP growth grates have been called into question by international observers, there is acknowledgement that the structure of China’s economy is changing. The real test of the reliability of official reporting, therefore, will come when NBS issues its Q3 headline GDP figure.
Fu Mengzi, VP, China Institutes of Contemporary Int'l Relations
Sep 17, 2015
A close bilateral relationship is always accompanied by more differences, frictions or even conflicts, including profound structural contradictions. So long as both regard and handle their relations from a strategic and long-term perspective, there will be no difficulty that China and the US cannot overcome.
William Overholt, Senior Fellow, Fung Global Institute
Sep 17, 2015
The gravest threat to American global leadership is neither Russia nor China but continued interest group-driven Congressional abandonment of the kind of balanced strategy that won the Cold War.
Niu Li, Director of Macro-economy Studies, State Information Center
Sep 16, 2015
China’s economy has shifted to a slow gear, having a bigger impact on those resource-exporting countries which highly depend on China’s market, but having no remarkable impact on European and the US economic growth. In particular, China’s slow economy is not the “culprit” of the recent US stock market slump, which was caused by the American market’s own problems.
Francis Lui, Director, Center for Economic Development, HKUST
Sep 15, 2015
The IMF holds a cautiously optimistic view about the prospects of the Chinese economy, recognizing that the important reason for a slowdown in China’s economy is the change in its development strategy. The services industry is rising, R&D is expanding slowly, and the financial system is modernizing. These changes take time and patience: If China chooses to slow down a little bit, it will be easier for the country to succeed and achieve the long-term goals it has anticipated.
Lucio Blanco Pitlo III, Research Fellow, Asia-Pacific Pathways to Progress Foundation
Sep 11, 2015
National security concerns in the U.S. and China have been used to bar certain types of foreign investments. Subjecting a legitimate commercial deal to arbitrary and protectionist exercises may only invite a similar action by the affected state, thus creating a potential spiral adverse to foreign investments.
Jeffrey Frankel, Professor, Harvard University's Kennedy School of Government
Sep 10, 2015
The lens of government intervention in China has led foreign observers to misinterpret some of the most important developments this year in the foreign exchange market and the stock market.