Yu Yongding, Former President, China Society of World Economics
Jun 10, 2013
China’s adjustment of its investment-income deficit for 2011 exposes flaws in economic growth, but hasn’t raised as much concern as it should. Two statistics account for China’s negative net investment-income, high return on foreign investment and China’s foreign assets are mostly US dollars. Without fundamental change, it is hard to imagine a sable Chinese economy in the long-term future.
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
Jun 10, 2013
Though facing a largely uncertain prospect for its economic recovery after the 2008 financial tsunami, the US has for five years worked strenuously to promote economic restructuring, lay out plans for developing new industries globally and shore up its potential competitiveness for future growth.
Jun 05, 2013
Too often, debate about the relationship between the state and the market casts them as opposing forces locked in a zero-sum struggle. But this simplistic approach quickly renders constructive discussion a casualty of the ideological battle between advocates of state and market capitalism.
He Weiwen, Senior Fellow, Center for China and Globalization, CCG
Jun 04, 2013
Commenting on the recent US-China 2022 report, He Weiwen outlines how bilateral trade between China and the US is expected to grow over the next ten years and how this will be beneficial for both countries.
Pingfan Hong, Chief, UN Global Economic Monitoring Unit
Jun 01, 2013
China’s successful transformation from a middle-income country to a modern, high-income country will depend largely on the reforms that the government undertakes over the next decade. But, because the most pressing reform – interest-rate liberalization – carries both risks and rewards, officials should be prudent in their approach.
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
May 27, 2013
From a medium and long-term point of view, a race between reform and crisis will be inevitable, says Zhang Monan. China must perfect its central and local financial systems, and create a framework for the control of financial debt risks at the earliest date possible.
Minxin Pei, Tom and Margot Pritzker ’72 Professor of Government , Claremont McKenna College
May 22, 2013
China’s declining GDP has sent shockwaves through the financial sector as analysts begin to question China’s long-term economic strategy. As Minxin Pei points out, “zombie firms,” or companies primarily supported through bank loans and government subsidies, are complicating China’s sustained growth. By eliminating these firms and instituting reforms, China can bolster innovation and ensure the opening of its economic markets.
Apr 24, 2013
Loan growth in China’s shadow-banking system has surged in recent months, but Andrew Sheng and Xiao Geng warn that without proper financial reforms this unregulated system could put the nation’s sustained growth at risk, threatening economic stability.
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
Apr 16, 2013
Zhang Monan writes that the global economic system is shifting, and China must seize the strategic opportunities with a new line of thought by working hard to avoid any weakening of its development, seizing new opportunities and creating new advantages.
Yu Yongding, Former President, China Society of World Economics
Apr 04, 2013
The People's Bank of China has been pursuing capital-account liberalization at an increasing rate since 2009. But Chinese policymakers should recognize the significant risks inherent in relaxing capital controls – risks that imply the need for a more cautious approach.