Xu Shaoshi, Chairman, National Development and Reform Commission
Jul 15, 2015
Enjoying great potential and elasticity, the Chinese economy has enough leeway to cope with various changes and challenges, and its general trend of steady growth -- pushing the global economy towards recovery -- remains unchanged.
Michal Meidan, Director, China Matters
Jul 13, 2015
The government’s aggressive response in stabilizing “Uncle Xi’s bull market,” has highlighted the political nature and disconnect between the stock market and overall economic health. The government must decide whether to continue its efforts to open the capital account and liberalize the exchange rate.
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
Jul 03, 2015
China has become one of the world’s most important investors and capital exporters, stepping into a new phrase of “GNP” from “GDP” and reversing the mechanism of capital-free flow. So it is imperative to speed up the opening of its capital account.
Jun 19, 2015
China’s challenges – pollution, corruption, and the economy – have imbued the reform efforts necessary to lead to unpredicted innovation, both by Internet companies and a vast provision of international infrastructure projects.
Stephen Roach, Faculty Member, Yale University
May 12, 2015
Financial engineering largely benefits the wealthiest class; monetary easing has failed to spur meaningful recovery in post-crisis economies, threatening to keep the global economy trapped in a continuous series of crises. As Chinese Premier Li Keqiang stressed, the answer is a commitment to structural reform – a strategic focus of China’s that, he noted, is not shared by others.
Sun Lijian, Associate Professor, Fudan University
Apr 15, 2015
To offset weaker export numbers and a reliance on foreign reserves, China needs a growth model that emphases quality goods and innovation-led growth. A twenty-first century economic model of innovation particularly requires the support of a highly efficient financial system, a sound legal system of intellectual property protection, fair tax incentives, and better entrepreneurial education.
Yifan Hu, Chief Economist, Research of Haitong International
Apr 14, 2015
The rapidly swelling local government debt in China over the past few years are seen by many as a trigger to a credit bubble, or even a full-blown financial crisis. Budget reform, the first critical reform among over 330 reform proposals of the Xi administration, has kicked off, laying the foundation for a more balanced and transparent government budget and financing structure. Yifan Hu outlines the areas needed for both short and long term structural changes.
Yi Xianrong, Researcher, Chinese Academy of Social Sciences
Mar 27, 2015
The Chinese central bank just announced that it will cut interest rates, but the market is more concerned about whether this means China is officially in the sweeping global game of quantitative easing. The Chinese central bank is now in a monetary policy dilemma: It is neither willing to embark on the track of excessive quantitative easing, nor ready to tighten currency policies. Instead, it is returning to neutrality, which doesn’t mean an orientation change in its monetary policies.
Niu Li, Director of Macro-economy Studies, State Information Center
Mar 18, 2015
Despite China’s remarkable growth, the property market still faces the challenges of consolidation, industrial overcapacity, financial risk, deflationary risk, and structural employment issues. In response the government will adjust to the economy’s “new normal” of slower growth, move toward an innovation based economy with more public goods and services, and pursue a proactive fiscal economy and a prudent monetary policy.
Nathan Gardels, Editor-in-chief, THEWORLDPOST
Mar 17, 2015
In Western media, the National People's Congress -- China's legislative body which just ended its annual three week session -- is perfunctorily conjoined with the phrase "rubber stamp." This characterization is less and less true every year and does a disservice to understanding the most significant historic shift taking place in China today: the long march toward "rule according to law" from administrative fiat.