Stephen Roach, Faculty Member, Yale University
Nov 03, 2020
Just as China led the world in economic recovery in the aftermath of the global financial crisis of 2008, it is playing a similar role today. Its post-COVID rebound is gathering momentum amid a developed world that remains on shaky ground. Unfortunately, this is a bitter pill for many to swallow – especially in the United States, where demonization of China has reached epic proportions.
Chen Xiangyang, Director and Research Professor, CICIR
Nov 03, 2020
This round will have special significance for the nation’s development and the world. China will achieve socialist modernization by 2035 while becoming an increasingly important part of a diverse global landscape.
Zhang Monan, Senior Fellow, China Center for International Economic Exchanges
Oct 27, 2020
China is not signaling that it favors decoupling. The world is simply returning to the era of economic sovereignty. China must act adroitly as the world’s largest supplier goods and its biggest marketplace.
Wang Yuzhu, Research Fellow, Institute for World Economy Studies, SIIS
Oct 27, 2020
A new interpretation of China’s reform and opening-up is designed to more effectively coordinate the country’s economy with the rest of the world. The key to institutionalizing China’s domestic market is attracting more international investment.
Tom Watkins, Advisor, Michigan-China Innovation Center
Oct 13, 2020
Deng Xiaoping’s actions capitulated China into an economic superpower that is regaining wealth and power that was lost to the West centuries before. With this new abundance of wealth, China will have some consequential decisions about where to invest the wealth.
Lawrence Lau, Ralph and Claire Landau Professor of Economics, CUHK
Oct 12, 2020
The country’s biggest risk today is economic isolation from the rest of the world. It must continue to participate actively in the world economy and contribute what it can. Total self-sufficiency is possible for China only with a decline in its standard of living.
Andrew Sheng, Distinguished Fellow at the Asia Global Institute at the University of Hong Kong
Xiao Geng, President of the Hong Kong Institution for International Finance
Oct 09, 2020
China’s leaders are currently putting the finishing touches on the country’s 14th Five-Year Plan, which will cover the 2021-25 period. But one aspect of the plan – the so-called dual-circulation strategy – is already attracting the world’s attention. Many fear that China is “turning inward” just when the global economy is staring down the barrel of a recession. These fears are misplaced.
Zhang Jun, Dean, School of Economics, Fudan University
Sep 14, 2020
Despite taking a serious hit from COVID-19 lockdowns, China’s economy has proved resilient. It has not, however, fully bounced back: some activities, especially in the service sector, simply cannot be revived. Yet, unlike most of the world, China seems unlikely to become mired in a long recession, not least because of its rapid digital transformation.
Christopher A. McNally, Professor of Political Economy, Chaminade University
Aug 19, 2020
In the midst of a global economic slump, China is looking to expand its domestic markets. Not only might this keep China’s economy competitive, but it might also shed China’s “factory of the world” moniker, emerging as the most sophisticated global consumer market.
Patrick Mendis, Visiting Professor of Global Affairs, National Chengchi University
Joey Wang, Defense Analyst
Jul 29, 2020
COVID-19 has put the brakes on the world economy, and China has been no exception. These effects have rippled across many countries that have benefitted from Ch