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China’s Economy
  • Huang Yiping, PKU Boya Distinguished Professor and Former Member of the Monetary Policy Committee, People’s Bank of China

    Jun 14, 2024

    In this interview, Professor Huang Yiping discusses with James Chau, president of the China-United States Exchange Foundation, the trajectory of China’s economy and the factors that influence it. He also discusses the end of China’s so-called economic miracle and explains why the country is now working to transition to a more normal economic growth model. Will China’s local government debt lead to a systemic financial crisis? Huang elaborates on “three perils.”

  • Yi Fuxian, Senior Scientist at University of Wisconsin-Madison

    May 27, 2024

    In March, Chinese Premier Li Qiang announced an ambitious economic growth target of 5% for 2024. In a subsequent commentary, former World Bank chief economist Justin Yifu Lin endorsed the government’s target, predicting that China’s economy will grow at an average annual rate of 5-6% over the coming decade before slowing to 3-4% between 2036 and 2050.

  • Sourabh Gupta, Senior Fellow, Institute for China-America Studies

    Apr 30, 2024

    China's post-COVID economic outlook challenges the comparisons to Japan's economic slowdown experience. Resembling 1990s South Korea, China has substantial growth potential through structural shifts toward a consumption-driven economy and inter-governmental reforms for sustained high-quality growth.

  • Zhang Jun, Dean, School of Economics, Fudan University

    Tomas Casas-Klett, Visiting Professor, Fudan University

    Apr 30, 2024

    As China grapples with enormous challenges – including an imploding property sector, unfavorable demographics, and slowing growth – doubts about the future of the world’s largest growth engine are intensifying. Add to that China’s geopolitical rise, together with deepening tensions with the United States, and the need to understand China’s political economy is becoming more urgent than ever.

  • Yao Yang, Professor, China Center for Economic Research

    Apr 30, 2024

    During her recent visit to Beijing, US Treasury Secretary Janet Yellen criticized her Chinese counterparts, arguing that China’s government subsidies have led to overcapacity in crucial sectors like alternative energy and electric vehicles (EVs). This, she contended, provides Chinese companies with unfair cost advantages that enable them to outcompete American firms. But while Yellen was right to point out China’s overcapacity problem, her assertion that government subsidies are the root cause was misplaced.

  • Xu Hongcai, Deputy Director, Economic Policy Commission

    Apr 09, 2024

    The Government Work Report has defined China’s policy goals and priorities for 2024. High-quality economic and social development beckons.

  • Vasilis Trigkas, Visiting Assistant Professor, Schwarzman College, Tsinghua University

    Apr 05, 2024

    China's focus on electric vehicles (EVs) over internal combustion engine cars - the "Great Leapfrogging Forward” - has significantly reshaped the global industrial landscape to China's benefit. Recognizing and accurately assessing China's capabilities instead of propagating unfounded narratives about its imminent decline constitutes the foundational first step in competing effectively with China.

  • Lawrence Lau, Ralph and Claire Landau Professor of Economics, CUHK

    Mar 29, 2024

    IntroductionFor 2023, the Chinese Government’s target growth rate was 5%. The actual growth rate achieved was 5.2%. This must be considered a success, g

  • Sun Chenghao, Fellow, Center for International Security and Strategy, Tsinghua University

    Mar 27, 2024

    Defining the relationship between China and the United States primarily as one of competition — as the U.S. is doing — is dangerous and not advisable. Competition can easily turn into conflict. The long-term U.S. posture on this will depend upon the outcome of the presidential election.

  • Zhang Yansheng, Chief Researcher, China Center for International Economic Exchanges

    Mar 25, 2024

    Contrary to recent forecasts by various international organizations, the author believes that China’s economy in 2024 will buck the trend and trace a new curve. Growth will reach upward toward 5 percent and beyond in 2025 as the country shakes off the lingering impact of COVID-19 and returns to an appropriate range.

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