Yu Yongding, 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.
Cai Fang, VP, Chinese Academy of Social Sciences
Apr 16, 2019
Citing the forecast by the United Nations’ Population Division, recently published Green Book of Population and Labor (2019) edited by Institute of Population and Labor Economics, the Chinese Academy of Social Sciences announced that China’s population will reach its peak in 2029 with 1.44 billion people.
Shang-Jin Wei, Professor, Finance and Economics at Columbia University
Apr 08, 2019
China is about to slash the employer contribution rate to the social-security fund from 18-20% (with some variation across regions) to 16%, and cut the value-added tax (VAT) rate from 16% to 13% (for most enterprises). This is on top of a previously announced reduction in the corporate income tax charged on the first CN¥3 million ($447,000) of taxable income.
Zhong Wei, Professor, Beijing Normal University
Apr 02, 2019
China’s 2019 government work report lays out the country’s economic policies to sustain growth and avoid the “middle income trap” that Premier Le Keqiang has warned of. In taking steps next year to realize the “Chinese dream,” three battles will be tough but key: defusing financial risks, effecting targeted poverty alleviation, and achieving pollution control.
He Weiwen, Senior Fellow, Chongyang Institute for Financial Studies
Mar 21, 2019
Premier Li Keqiang’s Government Work Report provides a concrete sign of China’s renewed support for the private economy, especially small and micro businesses.
Miao Yanliang, a member of the China Finance 40
Mar 08, 2019
The quiet revolution Blinder described in 2004 is underway in Beijing. True, the PBOC has plenty of room for further improvement in its communication and exchange-rate policies. But its progress so far is good news for China and international policymakers alike.
Guo Dong, Director of the Earth Institute China Initiative, Columbia University
Feb 12, 2018
Unless we achieve a set of commonly agreed upon indicators to measure sustainability or what is high quality, and be able to compare the performance of cities and provinces based upon it, the chance to successfully implement any sustainable policy vision and hold policymakers accountable is grim.
Zhang Monan, Senior Fellow, China Center for International Economic Exchanges
Jan 30, 2018
A solution to local government debt is strengthening the central bank’s supervision over it.
Qin Xiaoying, Research Scholar, China Foundation For Int'l and Strategic Studies
Aug 04, 2017
As Chinese State-owned enterprises experience a new phase of change due to an increased number of mergers. Experts and economists throughout the world are attempting to explain the significance of this new phase. However, to place these mergers in the proper context, it is prudent to first examine history and understand the past stages of this country’s SOE reforms.