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Home-ChinaDevelopmentInstituteInnovative,Objective,PracticalTel:+8675582411011/82470837Email:carolf@cdi.org.cn|sophieli@cdi.org.cnHomeAboutMissionGovernanceLeadershipStaffContactResearchOpenEconomyandInnovation-DrivenDevelopmentRegionalEconomyandRegionalDevelopmentIndustrialPoliciesandIndustrialDevelopmentUrbanizationandUrbanDevelopmentBusinessStrategiesandInvestmentDecision-Making-ChinaMacroOutlook-GFCI-ResearchReportsInsights2020Insights2019Insights2018Insights2017Insights2016InsightsEvents2020Events2019Events2018Events2017Events2016EventsEventArchivePublicationsAnnualReportsBooksVideoGalleryPhotoGallery-2018-2017-2016CDINewsletterArchiveNews2020News2019News2018News2017News2016News2015NewsNewsArchiveCDIintheNews中文版LatestNewsGDPgrowthhits4.9%inQ3,withsurgingexportsGDPwasup4.9%y/yinQ3,ariseof1.7ppsfromQ2,butstill1.1ppslowerthaninQ32019.Industrialoutputwasup5.8%y/yinQ3,up1.4ppsfromQ2,andup0.8ppsfromQ32019.Investmentwasup8.8%y/y,up5ppsfromQ2,andup4.1ppsfromQ32019,withinvestmentinmanufacturingrisingfastest,by9%y/y,up10ppsfromQ2.Retailsalesofsocialconsumptiongoodswereup0.9%y/y,…October27,2020GlobalFinancialCentresIndex28LaunchSep25,2020Fortyyearsandon:ShenzhenSpecialEconomicZoneaimingforahighergoalAug31,2020ChinaMacroOutlookOct27,2020GDPgrowthhits4.9%inQ3,withsurgingexportsGDPwasup4.9%y/yinQ3,ariseof1.7ppsfromQ2,butstill1.1ppslowerthaninQ32019.Industrialoutputwasup5.8%y/yinQ3,up1.4ppsfromQ2,andup0.8ppsfromQ32019.Investmentwasup8.8%y/y,up5ppsfromQ2,andup4.1ppsfromQ32019,withinvestmentinmanufacturingrisingfastest,by9%y/y,up10ppsfromQ2.Retailsalesofsocialconsumptiongoodswereup0.9%y/y,andup4.8ppsfromQ2--andtheirrealgrowthratewas-0.4%y/y.CPIwasup2.3%y/yinQ3,down0.4ppsfromQ2.Inparticular,CPIroseonly1.7%y/yinSeptember,anaccelerateddecrease.…Sep23,2020Recoveryreachespre-pandemiclevelIndustrialoutputwasup5.6%y/y,up0.8ppsfromJuly,reachingtheaveragegrowthrateof2019.Weexpectgrowthmightslightlyexceedthepre-pandemiclevelfortherestoftheyear.Investmentfell-0.3%y/yJanuary-August,up1.3ppsfrompreviousmonths.Thedrivingforceisswitchingfromstatetoprivateinvestment,reconfirmingthereturntopre-pandemiceconomicrecovery.Consumptionwasup0.5%y/y,thefirstturntopositivegrowththisyear,andup1.6ppsfromJuly.Exportswereup11.6%y/y,above10%y/yfortwoconsecutivemonths.DespitetheU.S.-Chinaconflict,exportsto…Aug21,2020Recoveryslows,butcontinuesIndustrialoutputrose4.8%y/yinJuly,thesamerateasinJune,down1.1ppsfromQ42019.Investmentgrew8.3%y/y,up2.7ppsfromJune,andup2.9ppsfromQ4,andisstillmainlydrivenbystateinvestment,withagrowthrateof12.7%y/y.Thebestperformeramongfixedassetinvestmentsisrealestate,withagrowthrateof11.6%y/yinJuly,up3.7ppsfromQ2.Consumptionisstillweak,andwasdown-1.1%y/y,andup0.7ppsfromJune,showingcustomers’cautionoverCOVID-19.InJuly,exportsgrew10.4%y/y,up6.1ppsfromJune,andup6.4ppsfromH22019,possiblyduetothe…Jul27,2020Strongrebound,evenwithoutamajorstimulusGDProse3.2%y/yinQ2--aremarkableperformanceamidglobalpandemic.InJune,industrialoutputwasup4.8%y/y,andup0.4ppsfromMay,thoughhasstillnotreachedthepre-pandemiclevel,andwasdown1.1ppsfromQ42019.Investment,mostlydrivenbystateinvestment,wasup5.6%y/y,up1.7ppsfromJuneanddown0.2ppsfromQ42019.Retailsalesofconsumptiongoodsfell-1.8%y/yinJune,up1ppsfromMay.Exportsrose4.1%y/yinJune,achievingpositivegrowthforthreeconsecutivemonths,averaging4.5%y/y,higherthanthegrowthrateofH22019.Importswereup6.2%y/y,…Jun24,2020COVIDsecondwavelowersourgrowthforecastIndustrialoutputrose4.4%y/yinMay,up0.5ppsfromApril,comparabletoitspre-pandemiclevel,andwasdownjust1.5ppsfromQ42019.Investmentwasup3.9%y/y,andup3.1ppsfromApril,down1.5ppsfromQ4.Governmentinvestmentisthemainforceliftingoverallinvestmentgrowth.ConsumptiondemandcontinuedtorecoverinMay.Retailsalesofsocialconsumptiongoodsfell2.8%y/y,up4.7ppsfromApril.Theglobalpandemicisnotshowinganysignofabating,andisheavilyimpactingtrade.InMay,exportswereup1.4%y/y,down6.8ppsfromApril,whileimportsplunged12.7%…May23,2020Movingtowardpre-pandemiclevelsTheNationalCommitteeoftheChinesePeople'sPoliticalConsultativeConference(CPPCC)convenedtheannualtwosessionsonMay21st.Althoughforthefirsttimethegovernmentdidnotsetanannualgrowthtarget-possiblyduetosomanyCOVID-19uncertaintiesahead-weexpecttheimplicitgrowthtargetis1.8%fornow,giventheprojecteddeficitandinflationnumbers.Theeconomyisquicklyrecovering,asthepandemichascomeundercontrol.InApril,industrialoutputgrowthturnedpositive,andwasup3.9%y/y,andup5ppsfromMarch,downonly2ppsfromthepre-pandemiclevel,in…Apr27,2020Focusingon“sixstabilities,”whilestrugglingtogrowTheChineseeconomywashithardbythecoronavirusinQ1,andGDPfell-6.8%y/y.BecausethevirusisalmostcontainedinChina,economicactivitieshavesinceMarchbeengraduallypickingup,andtherewereclearsignsofrecovery.Industrialoutputwasdown-1.1%y/y,up12.4ppsfromJanuary-February.Consumptionhasbeenhardesthit,largelyduetoquarantining.Retailsalesofsocialconsumptiongoodsfell-19%y/yinQ1,and-15.8%y/yinMarch,up4.7ppsfromJanuary-February.Tradehassofarbeenlargelyunaffected.ExportsinMarchwereup2.8%y/yafteradjustment,downonly…Mar23,2020EconomywillberelativelystableamidglobalturmoilThecoronavirusoutbreakinChinahashadmajorshort-termnegativeeffectsonproductionactivities.However,asofMarch18th,withinChinaitislargelycontained,withzeronewcases.ThetotalnumberofglobalinfectioncasesoutsideChinahasnowsurpassedthetotalnumberofcasesinChina,andthenumberisexpandingrapidly.IndustrialoutputinChinafell-13.5%y/yinJanuary-February,andinvestmentfell-24.5%y/y.Butwebelievethesetwomajorindicators--especiallyinvestment--willrecoversoon.WebelievetheChineseeconomyandfinancemayberelativelystable,and…Feb26,2020CoronaviruseffectsmaysoonbecontainedinchinaThecoronavirusoutbreakthatbeganinlateJanuarywasoneofthemostsevereexogenousshocksinChina’srecenthistory,especiallysinceitoverlappedwiththeChineseNewYearholiday,whichinvolvesthelargestpopulationmigrationinhumanhistory.AsofFebruary26th,some80,428caseshadbeenconfirmedinChina.TheChinesegovernmentisusingmonetaryandfiscalpoliciestoboosttheeconomy.OnFebruary2nd,thePeople’sBankofChinapumped$174billionintofinancialmarkets.Asofthiswriting,thecoronavirushasbeenlargelycontained,intermsofconsistentlylowernumbers…Jan29,2020Withtradeuncertaintyeased,6%growthtargetcanbeachievedTheUnitedStatesandChinaonJanuary16thstrucka"phaseone"tradedeal,atleasteasinguncertaintyoverthefutureofU.S.-Chinatraderelations.Exportsraised5%y/yin2019,down2.8ppsfrom2018,whileimportsraised1.2%y/y,down11.6pps.GDPraised6.1%y/ylastyear,down0.5ppsfrom2018.Industrialoutputraised5.7%y/y,down0.5pps,whileinvestmentraised5.4%y/y,down0.5pps.Fiscalrevenuewasup3.8%y/yinJanuary-November2019,down2.7ppsfromthesameperiodin2018.Fiscalexpenditurewasup7.7%y/y,up0.9pps.Sothefiscaldeficitisrapidlyexpanding,…Dec20,20192020growthtargetlikelytobeabout6%TheannualCentralEconomicWorkConference(CEWC)heldbytopleadersDecember10th-12themphasized“stabilities.”Webelievethat“around6%”isthelikeliest2020growthtarget.Infrastructureinvestmentwasmentioned,suggestingthatinfrastructurespendingwillbeusedtosupporttheeconomy,ifgrowthslowsnotablybelow6%.Thegoodnewsthat“phase1”ofaChina-U.S.tradeagreement,whichincludesareductionofU.S.tariffsonChinesegoods,andanincreaseofforeigninvestoraccesstoChina,maybesignedinearly2020,hascheeredthemarkets.Therearemoreoptimistic…Nov22,2019PPIDeflationMayBeWorrisomeMajoreconomicindicatorsarestillmostlyfallinginOctober.Industrialoutputrose4.7%y/y,comparabletoJulyandAugust.Investmentrose3.4%y/y,down1.3ppsfromQ3.Retailsalesofsocialconsumptiongoodsrose7.2%y/y,anditsrealgrowthratewas4.9%y/y,down0.4and0.8ppsfromQ3respectively.InOctober,exportsrose2.1%y/y,andimportsfell-3.5%y/y,down1.8and0.6ppsfromQ3.ExporttoUSfell-13.8%y/y,butup6.2ppsfromSeptember.Tradesurplusisenlargingdramatically,androse36.6%y/y.SinceJuly,societalfinancingscalewasslowing,androseonly0.8%…Oct30,2019Newderegulationmeasuresexpectedtoboostcross-bordertradeandinvestmentTheeconomyisshowingvarioussignsofweakening.InQ3,GDPwasup6%y/y,down0.2ppsfromQ2,anddown0.5ppsfromQ3,2018.Industrialoutputwasup5%y/y,down1ppfromQ3,2018.Investmentwasup4.7%y/y,down0.8ppsfromQ2.Retailsalesofsocialconsumptiongoodswereup7.6%y/y,down1ppfromQ2,anddown1.4ppsfromQ3,2018.Sales’realgrowthratewas5.7%y/y,down0.8ppsfrombothQ2andQ3,2018.Importsfell2.9%y/y,down5.2ppsfromQ2,anddown21.9ppsfromQ3,2018.Exportsrose3.9%y/y,down1.8ppsand6.4ppsfromQ2andQ3,2018respectively.Thetrade…Sep24,2019FinancialMarketOpensFurtherGrowthisslowingfurther.InAugust,industrialoutputwasup4.4%y/y,down0.4ppsfromJuly,whileinvestmentrose4.2%y/y,down1.3ppsfromQ2.Retailsalesofsocialconsumptiongoodswereup7.5%y/yinAugust,down1.1ppsfromQ2.Theindicator’srealgrowthratewas5.6%y/y,down0.9ppsfromQ2.Exportswerestable,buttheimportgrowthratewasplunging.Exportswereup2.6%y/y.Yetrecentexportgrowthwasrathervolatile.TheJuly-Augustcombinedgrowthratewas5.9%y/y,almostthesameasinQ1andQ2.ThemuchlowerexportgrowthtotheUnitedStateswascompensatedfor…Aug19,2019BaselesslyLabeleda“CurrencyManipulator”GrowthslowedinJuly.Industrialoutputwasup4.8%y/y,down0.4ppsfrombothAprilandMay,fallingtoarecordlowrate.Themaincauseswerelowinvestmentandconsumption,sentimentmostlydrivenby“tradewar.”Investmentwasup5.1%y/y,down0.4ppsfromQ2,anddown2.4ppsfromQ42018,acleardecliningtrend.Retailsalesofconsumergoodswereup7.6%y/yinnominalterms,down1ppsfromQ2.Theirrealgrowthratewas5.7%y/y,down0.8ppsfromQ2.Thoughtradetensionspersist,importsfellmorethanexports.Importsindollartermsfell-5.9%y/y,morethanineitherQ1or…Jul24,2019XiPromisesMoreOpennessGDProse6.2%y/yinQ2,down0.2ppsfromQ1.Industrialoutputrose5.6%y/y,down0.9pps,butnotably,wasup6.3%y/yinJune,obviouslyhigherthaninAprilandMay.WejudgetheunusuallyhighJunegrowthtobeaseasonalphenomenon,andunsustainable.Fixedassetinvestmentwasup5.5%y/y,down0.8ppsfromQ1.Inparticular,itrose6.3%y/y,fasterthaninAprilandMay.Realestateinvestmentrose10.3%y/y,down1.5ppsfromQ1.Thiscouldbeanindicatorofrealestateinvestmentgrowthturningdownward.Retailsalesofsocialconsumptiongoodsrose6.5%y/yinrealterms,down…Jun22,2019MoreStepstowardFinancialOpennesswithLondon-ShanghaiConnectGrowthisfacingdownwardpressure.Industrialoutputrose5%y/y,down0.4ppsfromApril,reachinganewlowrate.Investmentrose4.4%y/y,down1.3ppsfromApril.Thedecreaseofinvestmentgrowthrateismainlyaffectedbystateinvestmentbecauseoffiscaldeficitpressure.Stateinvestmentrose5.6%y/yinMay,down4.2ppsfromApril.InMay,fiscalrevenuefell-2.1%y/y,down7.4ppsfromJanuary-April,puttingfurtherconstraintonstateinvestment.Realestatecooledfurther.Retailsalesofsocialconsumptiongoodswereup8.6%y/yinMayinnominalterms.Theadjustedgrowth…May21,2019TradeWarHurtingEveryoneAlmostallmajoreconomicindicatorsarefalling.Industrialoutputwasup5.4%y/y,backtoitslowJanuary-Februarylevel,afteritsMarchrise.Fixedassetinvestmentwasup5.7%y/yinApril,down0.6ppsfromQ1.Retailsalesofsocialconsumptiongoodswereup7.2%y/yinnominalterms,reachingtheirlowestgrowthratesinrecentyears,down1.1ppsfromQ1.Realsalesgrowthwasup5.1%y/y,down1.8ppsfromQ1.CPIwasup2.5%y/yinApril,ariseof0.2ppsfromMarch.Monetarylooseninghasseemedtostop.InApril,thesocietalfinancingscaleturnedtonegativegrowth,afterits…Apr30,2019IndustrialOutputReboundsTheChineseeconomybegantoreboundinQ1,withGDPup6.4%y/y,flatonQ42018.Industrialoutputwasup6.5%y/y,up0.8ppsfromQ4.TheninMarch,GDProseapowerful8.5%y/y,up1.4ppsfromQ4,toitsfastestgrowthratesinceAugust2014.Investment,up6.3%y/y,showednocleartrend.Stateinvestmentwasup6.7%y/y,up8.3ppsfromQ32018,signalinggovernment’sintentiontokeepsupportingtheeconomy.Retailsalesofconsumptiongoodswasup8.3%y/yinQ1innominalterms,flatonQ4.Sales’realgrowthratewas6.9%y/y,up0.9pps.Exportswereup6.7%y/y,down1.8pps,…Mar25,2019EqualTermsforForeignFirmsPrimeMinisterKeqiangLiannouncedduringhisannualaddresstothePeople’sCongressofBeijingonMarch5ththatChina’sgrowthtargetfor2019wouldbeinthe6%to6.5%range.Anotherkeytakeawayisasignificant3ppscutinvalue-addedtaxrateformanufacturers,to13%.Industrialoutputwasup5.3%y/yinJanuary-February,arecordlowrise,anddown0.4ppsfromQ42018.Theslowdownwasmainlycausedbyweakeningautoindustryoutput,andaplungeinexports.Fixedassetinvestmentwasup6.1%y/y,down1.4ppsfromQ4,but1.6ppshigherthanthelowestrateseenin2018,inQ3.…Jan28,2019Growth-StokingInvestmentPushIsOnGDProse6.6%y/yin2018,down0.2ppsfrom2017.Growthratesdeclinedeachquarterthroughouttheyear,fallingfrom6.8%y/yinQ1to6.4%y/yinQ4.Industrialoutputwasup6.2%y/y,down0.4ppsfrom2017.Themanufacturingsectoristhemainreasonforgrowthslowdown,andgrowththerefellfrom7%y/yinQ1to5.7%y/yinQ4.Consumptionwasup9%y/yinnominalterms,and7%y/yinrealterms,down1.2and1.9ppsfrom2017,respectively.In2018,exportswereup7.1%y/y,down3.7ppsfrom2017.Importsrose12.9%y/y,down5.8ppsfrom2017.Exportsslowedsharplyatyearend,…Dec24,2018ConsumptionDipsAsGrowthHitsNewLowTopleaders’annualCentralEconomicWorkConference,heldfromDecember19thto21st,setcounteringtheongoinggrowthdownturnasitsmain2019goalfortheeconomy.Leaderspledgedtocuttaxesandfees“onagreaterscale;”toincreasetheissuanceoflocalgovernmentbondsby“arelativelylargemargin;”andtostrikeabalancebetweenmonetarytighteningandeasing,toensure“reasonablyampleliquidity.”Theypromisedtocontinuetoaddressthefinancingdifficultiesofprivateandsmallcompanies.Suchmeasuresarepartofofficialeffortsto“strengthencounter-cyclicalpolicy…Nov24,2018SurplustotheUSEvenWidenedGrowthwasstablebutabitlowerinOctober.Industrialoutputwasup5.9%y/y,uponlyby0.1ppsfromSeptember.Investmentrose8%y/y,havingbeenrisingforthreeconsecutivemonths,andup5ppscomparedtothelowestrateinJuly.Stateinvestmentisacceleratedtocounteractothernegativegrowthfactors.Retailsalesofconsumergoodswereup8.6%y/yinnominaltermsinOctober,down0.4ppsfromQ3,onlyup0.1ppsfromthelowestrateinMay.Itsrealgrowthratewas6.5%y/y,down0.9ppsfromQ3,reachingthelowestratesincethiscycleofeconomicslowdown.Despiteoftrade…Oct26,2018FDIKeepsFlowingInGrowthslowedinQ3,thoughitremainedinastablezone,withGDPexpanding6.5%y/y,down0.3ppsfromH1.ThoughthemostuncertainfactoristheU.S.-Chinatradewar,tradeisbooming:inQ3,exportswereup10.3%y/y,andup7ppsfromQ2.Importswereup19%y/y,up8ppsfromQ2.TradealsocomprisesaverysmallshareofChineseGDP,andwearestilloptimisticthatH2growthwillbestable.Industrialoutputwasup6%y/yinQ3,down0.7ppsfromH1.Moreover,itrose5.8%y/yinSeptember,closetoahistoricallow.Fixedassetinvestmentwasup4.5%y/y,down0.7ppsfromQ2,and…Aug26,2018DespiteFinancialTurbulence,FundamentalsAreSoundGrowthisstillstableamidtheuncertaintyoftradewar.Industrialoutputwasup6%y/yinJuly,thesamerateasinJune,anddown0.6ppsfromQ2,stillinastablezone.Investmentincreased3%y/yinJuly,down2.2ppsfromQ2,anddown3.8ppsfromJuly2017,showingastarkdecline.Butprivateinvestmentisinmuchbettershapethanstateinvestment.Thecurrentinvestmentslowdownmightberelatedtofinancialdeleveraginginboththestateenterprisesectorandinlocalgovernments.Retailsalesofconsumergoodswereup6.5%y/y,down0.8ppsfromQ2.Theprevioushousingboom…Jul23,2018WeakYuanCompensatingforPotentialTradeWarLossesGDPwasup6.8%y/yinH1,thesamerateasinH22017.Industrialoutputwasup6.7%y/y,up0.4ppsfromH22017.Fixedassetinvestmentwasup6%y/yinH1,down2.6ppsfromH12017,anduponly0.3%y/yinrealterms,down3.5ppsfromlastH1.Themajordropofstateinvestmentislikelythemaincause.Possiblyfollowingthegovernment’sdeleveragereformtoreducefinancialrisk,stateinvestmentroseonly3%y/y,down9ppsfromH12017.InH12018,retailsalesofsocialconsumptiongoodsrose9.4%y/yinnominalterms,andgrew7.7%y/yinrealterms,down1and1.4ppsfromH1…Jun23,2018DownwardPressureonGrowthGrowthisfacingdownwardpressure.Chinesefixedassetinvestment,akeygrowthdriver,wasupbyanewlowofjust3.9%y/yinMay,anddown3.6ppsfromQ1,asU.S.PresidentDonaldTrumpannouncedthattheUnitedStateswouldapplytariffsof25%toroughly$50billionworthofChinesegoods.Atradedisputebetweentheworld’stwolargesteconomieswillsurelyadduncertaintytotheglobalmarket,andtoChinesedomesticinvestmentandeconomicgrowthaswell.It’sstilltooearlytomeasurethesizeofthisimpact,butwe’dliketoarguethattrade’sdirecteffectonChinesegrowth…May25,2018TradeWarTruceResolvesGrowthUncertaintiesGrowthdatawasmixedinApril.Thevalueaddedforindustrialfirmswasup7%y/y,up0.2ppsfromQ1andup0.8ppsfromQ42017.Fixedassetinvestmentwasup6.1%y/y,down1.4ppsfromQ1,althoughstillhigherthaninQ32017.Specifically,privateinvestmentwasup7.5%y/y,down1.4ppsfromQ1,andstateinvestmentwasup5.4%y/y,down1.7ppsfromQ1.Retailsalesofsocialconsumptiongoodsclimbed9.4%y/yinAprilinnominalterms,down0.4ppsfromQ1.Therealgrowthraterose7.9%y/y,down0.2ppsfromQ1.InApril,exportswereup12.9%y/y,1.2ppslowerthaninQ1,though…Apr30,2018ExitfromtheIntegratedWorldMayBeCostlyChineseeconomicgrowthwasstableinQ1.GDPwasup6.8%y/y,flatonQ4.Industrialoutputwasup6.8%y/y,andup0.6ppsfromQ4.Investmentrose7.5%y/yinQ1,up1.7ppsfromthelowestgrowthrateof2017.However,theprice-adjustedinvestmentgrowthrateroseonly1.2%y/y.Assuredly,privateinvestmentrecoveredstrongly,androse8.9%y/y,up4.7ppsfromQ3,reachingitshighestratesince2016.InQ1,realestateinvestmentgrew10.4%y/y,up6.3ppsfromQ4-itshighestgrowthratesince2015.Retailsalesofconsumptiongoodswereup9.8%y/yinQ1innominalterms,and8.1%…Mar24,2018GrowthTargetedatAbout6.5%PrimeMinisterKeqiangLiannouncedduringaMarch5thaddresstothePeople’sCongressofBeijingthatChina’sgrowthtargetfor2018wouldbeabout6.5%,thesameasin2017,whengrowthreached6.9%.Theyuanwillbe“basicallystable”atareasonablelevel,Lialsopredicted.Morelocalgovernmentdebtwillbecut,butnotatthecostofinfrastructure.Moreover,reducingfinancialriskwillbekeyfortheregulatoryagency,anemphasisfurtherconfirmedbynewCentralBankgovernorGangYi,whotookofficeafterXiaochuanZhou’s13yearsofservice.OnlythreedaysafterthePeople’s…AboutCDI...ClicktolearnmoreaboutChinaDevelopmentInstituteNewsletterReceiveregularupdatesonCDIevents,activities,andprojects.Subscribebelow.EmailAddress*FirstName*LastName*NewsAug11,2020CDIresearcherspeaksoncoronaviruscontrolandeconomicrecoveryinonlinelectureOnAugust11,Dr.GuopingZhangsharedviewsonChina'sexperienceandpracticeoncoronaviruspreventionandcontrol,andelaboratedontheeconomicrecoveryactionplanandchallengesbroughtbythepandemic.Thislecturewaspartoftheonlinetrainingprogram"EnhancingTradeCompetitiveness…Jul15,2020Financialcentrefuturesconclave-bringingtogetherrepresentativesoffinancialcentrestobuildonourcommoninterestsAtatimewhentheglobaleconomyisfacingamajorshockfromtheCovid-19pandemic,financialcentreswillplayanenormousroleinassistingrecovery,aswellasbeingcandidatesforrecoverythemselves.OnJuly15,representativesoffinancialcentresacrosstheworldwerebroughttogether…May14,2020CDIrepresentativespeaksatwebinarofBRICScollaboratingmoreeffectivelyagainstCOVID-19Dr.LiuMuyun,CDIGuestResearchFellowandDirectoroftheNationalandLocalJointEngineeringLaboratoryofPersonalizedCellularTherapy,participatedinthevirtualsessionofBRICScollaboratingmoreeffectivelyagainsttheglobalpandemicasapanelist.Dr.LiuMuyunsharedChinese…Oct17,2019CDIDelegationAttendsWorldChineseBusinessandEconomicSummitThe2019WorldChineseBusinessandEconomicSummit,co-organizedbyCDI,washeldinMacaoonOctober17.DiscussionsurroundedbetterwaystoconnectwithintheGBA,forexamplefreeflowoftalentsamongthedifferentjurisdictions,e-paymentsystemthatservicesthedifferentcurrencies,air…Oct10,2019USCongressmenAssistantDelegationVisitsCDIOnOctober10,UScongressmenassistantdelegationvisitedCDI.DiscussionsurroundedthecurrentstateofShenzhen’seconomicandsocialdevelopment.CDIresearchersintroducedthebriefhistoryofShenzhen’sdevelopment,aswellastheessentialelementforitsfastgrowth–marketeconomy.…Sep25,2019NewZealandConsul-GeneralRebekahMawsonVisitsCDIOnSeptember4,NewZealandConsul-GeneralDelegation,ledbyRebekahMawson,NewZealandConsul-GeneralinGuangzhouandPaulHawkes,theDeputyConsulGeneral,visitedCDIanddiscussedChina-UStradeconflictandGuangdong-HongKong-MacaoGreaterBayAreawithCDIexperts.Bothsideshada…Sep19,2019MicronesiaDelegationVisitsCDIOnSeptember19,Mr.ChristopherChristianandtheFederatedStatesofMicronesiadelegationvisitedCDI.MeetingfocusedoncurrentstateandvisionofMicronesiantourismindustrydevelopment,aswellascollaborationsopportunitiesbetweenChinaandMicronesia.Basedonstrongemphasison…Aug28,2019FanGangMeetswithDrPhilipLowe,GovernorofReserveBankofAustraliaOnAugust28,Prof.FanGang,PresidentofChinaDevelopmentInstitute,metwithReserveBankofAustraliadelegationledbygovernorDrPhilipLowe.DiscussionsurroundedChina’seconomicdevelopmentoutlook,Sino-UStradewaranditsimplicationonexchangerate,currentstateofcryptocurrency…Aug26,2019LSEProf.JonathanLiebenauVisitsCDIOnAugust26,Prof.JonathanLiebenauofLondonSchoolofEconomicsandPoliticalScience,Dr.GulBernaOzcanofRoyalHollowayUniversityofLondonvisitedCDI.Dr.CaoZhongxiong,ExecutiveDirectorofNewEconomyResearchInstituteofCDI,introducedthehistoryofShenzhen’shigh-tech…Jul30,2019ConsulateGeneralofAustraliainGuangzhouVisitsCDIOnJuly30,JasonRobertson,ConsulateGeneralofAustraliainGuangzhouvisitedCDI.CDIexperts,ledbyDr.GuoWanda,ExecutiveVicePresidentattendedthemeeting.DiscussionsurroundedthedevelopmentofGuangdong-HongKong-MacaoGreaterBayArea.Bothsidesexchangesviewsonquostatusof…Jul19,2019YoungIndiansGlobalExcellenceMissiontoChinaComestoCDIOnJuly19,YoungIndiansGlobalExcellenceMissiontoChinadelegationvisitedCDI.DiscussionfocusedontheGuangdong-HongKong-MacaoGreaterBayArea(GreaterBayArea)outlineandeconomicdevelopmentofShenzhenthroughoutreformandopening-upwithCDIexperts.Dr.GuoWanda,ExecutiveVice…Jul01,2019WorldEconomicForumLeadWriterInterviewsCDIExpertsOnJune28,PeterVanham,leadwriterandUSMediaLeadofWorldEconomicForum,interviewedDr.LiuGuohongandDr.LiuYuofCDI.DiscussionsurroundedShenzhenSpecialEconomicZone’ssuccess,itsconstruct,andreplicatoryvalueforotherdevelopingcountries,andtherelationshipbetween…Jun27,2019HSBCDelegationVisitsCDIOnJune27,HSBCdelegationledbyMr.StewardJames,HeadofGroupPublicAffairs,Asia-Pacific,visitedCDI.DiscussionsurroundedimportantaspectsofGuangdong-HongKong-MacaoGreaterBayArea,suchasfreemovementoftalents,researchequipmentandcapitaletc.,aswellasfurtheropeningup…Jun04,2019USMediaDelegationVisitsCDIOnJune4,UnitedStatesmediadelegationvisitedCDI,withjournalistsfromvariousmajormediaoutlets,suchasQuartz,Reuters,Forbes,Bloomberg,NationalPublicRadio,andAustinBusinessJournal.VicePresidentQuJianintroducedthelayoutanddevelopmentgoalsoftheGuangdong-Hong…May24,2019CDIConductsFieldsStudiesonNampoBondedZoneinNorthKoreaCDIresearchteamvisitedNorthKoreaforfieldstudiesontheNampoBondedZonefromMay20to24.InthemeetingwiththeKoreaEconomicDevelopmentAssociation,itwaspointedoutbyCDIexpertsthatNorthKorea,onpromisingtrajectoriesofurbanizationandindustrialization,canmoveintosome…May20,2019GyeonggiResearchInstituteDelegationVisitsCDIOnMay20,GyeonggiResearchInstituteDelegationvisitedCDI.DiscussionsurroundedthedevelopmentofShenzhenSpecialEconomicZone,Shenzhen’stransformationintermsofsociety,economy,andregulations,aswellasShenzhenandHongKong’srelationandcooperationthroughouttheyears.Dr.Lee…May10,2019ConsulateGeneralofNewZealandinGuangzhouDelegationVisitsCDIOnMay10,ConsulateGeneralofNewZealandinGuangzhouDelegationvisitedCDIanddiscussedthedevelopmentofGuangdong-HongKong-MacaoGreaterBayArea.CDIexperts,ledbyDr.GuoWanda,ExecutiveVicePresident,explainedgeographicalconstruct,intercitycooperationandvisionoftheGreater…May06,2019DelegationofIndianSeniorDiplomatsVisitsCDIOnMay6,IndianAmbassadortoBhutanMs.RuchiraKamboj,IndianAmbassadortoRussiaMr.D.B.VenkateshVarma,JointSecretaryEurasianDivisionofMinistryofExternalAffairsofIndiaMr.ManishPrabhat,IndianConsulGeneralofGuangzhouMr.SujitGhoshvisitedCDI.Dr.GuoWanda,Executive…Apr25,2019"TheBanker"InterviewsCDIExpertsOnApril25,Ms.KimberleyLong,AsiaEditorofTheBankermagazineinLondon,interviewedCDIexpertsonthechangingeconomyandfinancialindustryinChina,thetrendsandchallengesinthecomingyears,inparticular,financialregulationsandtherisingnewtypeofbanks,e.g.WeBankand…Apr18,2019ConsulGeneralofIndiaVisitsCDIOnApril18,ConsulGeneralMr.SujitGhoshandConsulMr.AniketPatankarofIndia,GuangzhouvisitedCDI.AsSino-Indiantradeandeconomiccooperationboostsinrecentyears,theneedofthinktank’sinputonthesemattershasalsoincreased,saidMr.Ghosh.Heproposedtoconsolidatethe…Apr02,2019CDIConductsFieldStudiesonChina-NepalCross-BorderEconomicCooperationZoneFromMarch28toApril2,CDIresearchersvisitedNepalforfieldstudiesontheChina-NepalCross-BorderEconomicCooperationZone.InthemeetingwiththeNepaleseMinistryofIndustry,CommerceandSupplies,bothsidesexchangedviewsontheZoneandtheeconomicandtradecooperationbetween…Mar28,2019CDIExploresOpportunitiesforChina-IsraelInnovationCooperationCDIresearchersvisitedIsraeltogetherwiththedelegationofShenzhenAssociationofMedicalDevicestoexplorewhatfuelsIsrael’sinnovationandopportunitiesforChina-Israelcooperationonscientificandtechnologicalinnovation,digitalhealth,etc.fromMarch23to28.Inthemeetingwith…Feb01,2019CDIRanked15thonComprehensiveInfluenceand2ndonSocialThinkTank(DepartmentalInfluence)inthe“2018ChineseThinkTanksReport”2018ChineseThinkTanksReport:InfluenceRankingandPolicySuggestionswaslaunchedonFebruary1,2019,showcasingTop50ChineseThinkTanks(ComprehensiveInfluence).ChinaDevelopmentInstitute(CDI)ranked15thplaceonComprehensiveInfluence,14thonDecision-making,and2ndonSocial…Jan10,2019CanadianParliamentaryDelegationVisitsCDIACanadianparliamentarydelegationledbySenatorJosephDay,Co-Chair,Canada-ChinaLegislativeAssociation,visitedCDIonJanuary10anddiscussedtheGuangdong-HongKong-MacaoGreaterBayArea(GreaterBayArea)andeconomicandsocialdevelopmentofShenzhenwithCDIexperts.Dr.GuoWanda,…Jan09,2019ChinaandSingaporetoCooperateonGreaterBayAreaOpportunitiesOnJanuary9,Mr.ChuaTengHoe,Consul-GeneralofSingaporetoGuangzhou,visitedCDIanddiscussedtoexploreopportunitiesforcooperationbetweenSingaporeandtheGuangdong-HongKong-MacaoGreaterBayArea(GreaterBayArea)withDr.GuoWanda,ExecutiveVicePresidentofCDI.Dr.GuoWanda…ResearchReportsJun26,2019BRIProjectsinASEAN:Implementation,MechanismandSuggestionsDec24,2018BeyondGreaterHongKong:IsShenzhenemergingasaglobalcitywithdistinctculturalrootsThisisCDICHINATOPTHINKTANKSPILOTPROJECTCDIhasbeendesignatedasoneofthe25ChinaTopThinkTanksinapilotprojectoftheChinesegovernmentsince2015.ReadMore1InsightsJul01,2020UnlockthedoortoopportunityAuthor:FanGang,PresidentofChinaDevelopmentInstituteOnlythroughfurtheropening-upitseconomycanChinaboostitsglobalcompetitivenessTheremarkableachievementsChinahasmadeoverthepastfourdecadesininstitutionalreformandeconomicdevelopmentisaresultofitsopening-uppolicyandthedevelopmentofitsexport-orientedeconomy.OpeningitseconomyenabledChinatogiveitsproductiveforcesfullplay,andtoexportlabor-intensiveproductsinexchangeforurgently-neededmachinesandtechnologies.OpeningthedomesticmarketandintroducingforeigninvestmentwascrucialforChinatogrowitseconomy.ItallowedChinatolearnadvancedtechnologyandsciencefrom…May09,2020BigchangeandChina’seconomyAuthor:FanGang,PresidentofChinaDevelopmentInstituteEditor’sNote:At"GlobalVentureCapitalConference2020"heldinQingdaoon9thMay,Prof.FancommentedonthebigchangeandChina'seconomicfuture.Uncertaintiescontinuetoincreaseasthepandemicswepttheworld.Theundeterminedprobabilitymadeitextremelydifficulttoconductriskassessment,economicanalysisorjudgement.Hence,cautionshouldbeexercisedinanyanalyticalefforttowardseconomictrends.Countriesoughttoapplybottom-linethinkingandpaycloseattentiontohowthepandemicprogresses.Withthetendencytobecominganorm,thepandemic’ssideeffectsincludeinterruptionofsupplychainandthe…May01,2020“Probableinformation”and“regretlessaction”Author:FanGang,PresidentofChinaDevelopmentInstituteEditor’sNote:Howcanwecopewithuncertaintyduringtheinitiatestageofpandemic?Weshouldrelease“probableinformation”andtake“regretlessactions”insteadofmissingthewindowofopportunity,whichiswhatwelearnintheCOVID-19pandemicfromtheperspectiveofeconomics.ThetoughesteconomicissuederivedfromtheCOVID-19pandemicis“uncertainty”,whichreferstonotknowingthetrendofsomethingduetoeitherthelackofexistingknowledgeortheinsufficiencyorinaccuracyofavailableinformation.ThefirstuncertaintyaboutCOVID-19,avirusthathasneverappearedbefore,isthatpeopleknewnothingabout…Apr22,2020BattleagainstCOVID,anopportunityforChina,JapanandSouthKoreatobuildjointmechanismAuthor:Fu,Yongjia,PostdoctoralResearchFellow,ChinaDevelopmentInstituteEditor’sNote:Confrontingthedeadliestvirusinacentury,China,JapanandSouthKoreademonstratedremarkablesolidarity.ThethreenationsinEastAsiaaregivinghelpinghandstoeachotherinhardtimes.InearlyFebruary,whenChina’sconfirmedcaseswereclimbing,JapanandSouthKoreaprovidedChinawithurgentlyneededprotectivegears,thoughtheyalsofacethedangerofdomestictransmission.Now,whenCOVIDcasesaresubsidingintheEastAsiacontinent,ChinahasbeenrampingupeffortstosupportJapanandSouthKoreaandsendingthemmedicalsuppliesinlargequantities.Inanerawheretrust…Mar25,2020China’seconomicrecoveryfromCOVID-19willbeslowerthanitwasforSARSContributor:FanGang,PresidentofCDI,YuwaHedrick-Wong,ChiefEconomicsCommentator,ForbesAsiaEditor’sNote:China’seconomicrecoverywillbeunliketheV-shapedreboundfromtheSARSoutbreakin2003.ThestructureoftheChineseeconomytodayisverydifferentfrom2003,andChinawillalsofaceglobalheadwindsastheeconomiesinNorthAmericaandEuropeareslowingdownbecauseofCOVID-19.Expectamoregradualrecovery.SincetheSARSoutbreakin2003,China’seconomicstructurehasbecomemoredomesticconsumption-ledinanexpandingservicesector,andlessdependentoninfrastructureinvestmentandmanufacturing.Itisironicthatthispositivedevelopmentisakeyreason…Feb25,2020KeypolicyfordealingwithCOVID-19istostimulateimmunityofmarketplayersAuthor:LiuGuohong,DirectorofDepartmentofFinanceIndustryEditor’sNote:COVID-19,ranrampantduringChina’sSpringFestival.Currently,astheepidemichasbeengraduallybroughtundercontrolandremainsstable,weneedtobealertedtoinappropriateresponsebygovernmentdepartmentsatdifferentlevels,suchasfrequentlyrollingouteconomicpoliciesorextendingthemtoanunduedegree,astheymayleadtoelevatedlocaldebtlevels,inflationandeveneconomicstagflation.Policiesaimedtodealwiththeepidemicshouldstabilizemarketexpectationsandmaintainmarketecology,andnotswingfromsidetoside.Itisimportanttoreinvigoratethemarketandprotectits…Feb12,2020WhatchallengesandchangesdoesCOVID-19meanforchina’surbanizationAuthor:CaoZhongxiong,ExecutiveDirectorofNewEconomyResearchDepartmentofCDIEditor’sNote:The“blackswan”incidentoftheCOVID-19outbreakhasledtothetemporaryshutdownoftheglobalsupplychain,makingChinathe“grayrhino”intheworldeconomy.Tobesure,COVID-19willnotimpedetheprocessofChina’seconomictransformationandurbanization,butwillchangetheirdevelopmentpath.Thespreadoftheepidemicwasacceleratedbyintensepopulationflow,whichisthecharacteristicofChina’s“semi-urbanization”.Semi-urbanizationisanincompletestateintheprocessoftransformingruralpopulationintourbanpopulation.Thisismanifestedinthefactthatfarmershave…Feb01,2020ImpactoftheCOVID-19epidemiconchina’seconomyandindustrialresponseAuthor:CaoZhongxiong,ExecutiveDirectorofNewEconomyResearchDepartmentofCDIEditor’snote:Theimpactofthisepidemicontheeconomycanbefeltinbothshortandlongterms.Intheshortterm,theeconomywillbehithard.Inthelongrun,theepidemicwilldefinitelyhaveaprofoundimpactonChina’sindustries.Intheshortterm,consumption,infrastructureandlabor-intensiveindustrieswillsufferagreaterblow.Theimpactonretailbusinessessuchasshoppingcenters,wholesalemarketsandhotelsisdisastrous.Infrastructureconstruction,realestatedevelopment,andlabor-intensiveindustries,suchastextileandclothingamongothertraditionalindustries,havebeenhit…Dec17,2019WinningpropositionAuthor:ZhangYuge,Director,HongKongandMacaoResearchDepartment,CDIMacaoshouldtakeadvantageoftheplantodeveloptheGuangdong-HongKong-MacaoGreaterBayAreatodiversifyitseconomy.Macaohasrealizedprosperousandstablesocioeconomicdevelopmentsinceitsreturntothemotherland.However,moderateeconomicdiversificationisthekeytobetterimplementingthe"onecountry,twosystems"principleinthefuture.SincetheMacaoSpecialAdministrativeRegiongovernmentreleasedpoliciestopromoteeconomicdiversificationin2004,itseconomiclandscapehasnotchangedmuch.Macaostillhasalongwaytogoineconomicdiversification.StatisticspublishedbytheSARshow…Nov19,2019RCEPCanGiveBoosttoInternationalTradeAuthor:ZhangGuoping,PostdoctoralResearcher,CDIIndia’ssuddenwithdrawalhashitnegotiationsinvolving16countriesoftheRegionalComprehensiveEconomicPartnershiptreaty,whichisexpectedtoconcludethisyear.TheRCEPisaproposedfreetradeagreementbetweenthecountriesoftheAssociationofSoutheastAsianNations,andsixstateswithwhichASEANhasFTAs.ChinaneedstoremainopentowelcomingIndiatojointheRCEPwheneveritisready,deepenreformandopening-uptobenefitcountriesenteringtheChinesemarket,andmediateamongdifferentcountriestoeasetradefrictionstocontributetotheconclusionofRCEPnegotiations,whichcaninjectfreshimpetustoglobal…Sep10,2019ReformiskeytoShenzhen'snewmissionThedecisionbyChina'scentralleadershiptoliftthestatusofShenzhenfromaspecialeconomiczonetoapilotdemonstrationareahasunderscoredthecountry'sintentiontoundertakeboldereconomic,administrativeandlegalreformsandtoexploreanewanduniquedevelopmentpathtofosterhigh-qualitygrowth,expertssaid.ThesouthernChinesecityhasdevelopedfromasmallfishingvillageintoamodernmetropolis,servingasatrailblazerandtestbedofChina'smarketreformandopening-uppolicyintroducedbythelateleaderDengXiaopingfourdecadesago.Nowthecityistaskedwithanewmission-tobuilditselfintoapilotdemonstrationzoneofsocialismwithChinese…Aug08,2019OnForcedTechnologyTransfer,USisMistakenAuthor:FanGang,PresidentofCDIEditor’sNote:TheUSadministrationunderPresidentDonaldTrumphasresortedtobullying,hinderingChina'sprogressandsuppressingChinesecompanieswithunreasonableexcuses,oneofwhichisthatChinahasstolentheUnitedStates'researchfindingsandtechnologies.China,whichhasadoptedreasonableapproachestoobtaintechnologies,findstheaccusationabsurd.China'sfirstapproachhasbeentopurchasepatents.Itspent$35.6billiononintellectualpropertyrightspurchasesin2018,ofwhichaquarterwaspaidtotheUS.Thesecondapproachisthroughlearning.Chinabegantosendstudentsabroadeveryyearforstudies.Atotalof360,000…Aug06,2019PillarsofSupportAuthor:LiuXiang,ExecutiveDirector,DepartmentofRegionalDevelopmentandPlanning,ChinaDevelopmentInstituteEditor’sNote:ChineseinvestmentsinAfricashouldpromoteindustrializationandstrengthenthecontinent'sself-developmentcapacity.Inrecentyears,China-AfricacooperationhasbeenhitbyAfrica'sunevendevelopment,Africa'sinabilitytodevelopitselfanditsdebtcrisissincethebeginningofthecentury.ThereareclearsignsAfrica'sdebtproblemneedstobeaddressed.UnlikethecharitableassistancefromWesterncountries,whichcomeswithvariousaffiliatedconditions,Chinaisabletoprovide"coordinatedindustrialization"aimedatcultivatingAfrican…Jun28,2019GBAandNewStageinChina’sUrbanizationAuthor:FanGang,PresidentofCDIEditor’sNote:TheGuangdong-HongKong-MacaoGreaterBayArea(GBA),anefforttousherinnewstageofurbanization,hasgreatpotentialsbecauseofthespecialrolesofHKandMacaoanditsinnovation-drivendevelopment.China’smajorstrategicplansinrecentyearsincludetheGuangdong-HongKong-MacaoGreaterBayArea(GBA),theintegrationofYangtzeRiverDeltacities,thecoordinateddevelopmentofBeijingTianjinandHebei,andXiong’anNewArea.TheseplansalldemonstratetheimportanceofurbanizationforChina’sdevelopment.ItistruethatChina’surbanizationhastakensomedetours,mainlyreflectedinsoaringhousingpricesinbigcities…Jun26,2019BRIProjectsinASEAN:Implementation,MechanismandSuggestionsAuthor:Zhangguoping,PostdoctoralResearcher,CDIAsakeystrategicpartnerofChina,ASEANisanimportantparticipantinthedevelopmentoftheBeltandRoadInitiative(BRI).ASEANhasmadeacommitmenttolinkitsMasterPlanonASEANConnectivity2025withtheBRIandaccelerateitsinfrastructuredevelopmentonthegreatmomentumbroughtaboutbytheBRI.Atpresent,theBRIhasachievedgeneralstrategicalignmentwithASEANcountries.ImplementationofBRIProjectsinASEANChinaandASEANcountrieshavelaunchedanumberofcooperationprojectsrangingfromtradeandinvestment,energy,infrastructureandindustrialparks.1.1CooperationontradeandinvestmentThetrade…Jun19,2019Late-DevelopmentAdvantagesHelpChinaAuthor:FanGang,PresidentofCDIKnowledgespilloverfromdevelopedcountriesmeanscheaperlearningcoststhatcanbeappliedtoallsectors.Acountry'sgrowthisnotonlydrivenbylabor,savingsandcapitalaccumulation,butalsobytechnologicalprogressandinstitutionalreforms.Cheapandabundantlaboristhemostoften-mentionedcomparativeadvantageofdevelopingcountries.However,thishasnotbeentheonlyreasonfortherobustdevelopmentofChinaoverthepastfourdecades.Infact,thecountryexperiencedalaborshortageaboutadecadeago,anditseconomicgrowthcouldhavebeenstagnatedlikemanyotherdevelopingcountriesifChinahadnotreformeditsinstitutions.…May18,2019ItIsNotaShameforLessDevelopedandDevelopingCountriestoImitateDevelopedOnesAuthor:FanGang,PresidentofCDIEditor’sNote:Developmentisalongandarduousprocess.Regardlessoftheexternalenvironment,themostimportantthingforChinaistodoitsownjobwell,includingdeepeninginstitutionalreforms,adheringtoopening-up,andcontinuingtolearnfromadvancedeconomiesandbringinginnewtechnologies.WiththeincidentsofZTEandHuawei,Chinamuststartindependentinnovationassoonaspossible.Developmentwillencounterresistanceaswellascompetitionandconflicts.Inaglobalmarketthathasbeentakenbymajorcountriesandmultinationalcorporations,Chinawillinevitablyencounterproblemsanddifficultiesasitgraduallyworksitsway…May08,2019Data-drivenEconomicTransformationTowardsaNewRoundofEconomicGrowthAuthor:CaoZhongxiong,ExecutiveDirectorofNewEconomyResearchDepartmentofCDIEditor’sNote:Amongthelatesttrendsofinnovation-drivendevelopmentintoday’sworld,digitalizationhasbecomeonepowerfuldriverofglobaldevelopmentandhasprofoundlyaffectedthewayofproductionandthewayoflife.Inthedigitalage,China’seconomyandsocietyarealsomovingtowardshigh-qualitydevelopment,embracingcrucialstrategicopportunitiesforitsdigitalizationdrive.Itisimportanttoacceleratethedevelopmentofthedigitaleconomy,useinformationtechnologytoimprovegovernanceandgovernmentservicesforasecurersocietyandbetterlife,andfurtherstimulateinnovation…Apr28,2019ShenzhenandHongKong“TwinCity”CooperationtoJointlyBuildanInternationalTechnologyInnovationCenterAuthor:GuoWanda,ExecutiveVicePresidentofCDIEditor’sNote:Infuturein-depthcooperation,ShenzhenandHongKongwillsynergizetheirstrengthsinscienceandtechnologyinnovationinbuildinganinternationalscienceandtechnologyinnovationcenter.Inamerefourdecades,theconceptofShenzhen-HongKong“twincities”hasbeenfeltacrossmanysectors,includingdailylife,economy,technology,andmanufacturing,withgrowingexemplaryeffect.AsShenzhenandHongKongproactivelyintegratethemselvesintothedevelopmentofGuangdong-HongKong-MacaoGreaterBayArea,bothcitiesshouldbeawareoftheiruniquestrengthsinamutuallycomplementarypartnership.Firstofall,…Apr25,2019DevelopmentandOperationofOverseasIndustrialParksunderBRIAuthor:ShiKun,SeniorResearchFellow,CDI,MandyZeng,ResearchAssociate,CDIEditor’sNote:OverseasindustrialparkscanbecomeChina’scontributiontotheBeltandRoadInitiative(BRI).TopromoteeconomicdevelopmentthroughindustrialparksIndustrialparksrepresentacountry’sefforttoachieveindustrialagglomerationandparticipateintheglobalindustrialdivisionoflaborinthewakeofinternationalindustrialtransfer.Sincethereformandopening-up,Chinahasactivelyestablishedindustrialparkswhileaccumulatingknowledgeofinvestment,construction,managementandoperationofindustrialparks.SincetheproposaloftheBRI,manycountriesalongthe“Beltand…Apr23,2019ShiftofShenzhen’sDevelopmentfromImitationtoIndependentInnovationAuthor:FanGang,PresidentofCDIEditor’sNote:Sincereformandopening-up,Shenzhen’sdevelopmenthasexperiencedtwostages.Nowitisenteringanewstageofimitationplusindependentinnovation.ThefirsttwodecadesofShenzhen’sdevelopmentarecharacterizedbycomparativeadvantages,i.e.,cheaplaboranddevelopmentoflabor-intensiveindustries.ThenexttwodecadesofShenzhen’sdevelopmentaredefinedbyitseffortstolearnfromandimitateadvancedeconomies.Bylearningandimitation,Shenzhenwasabletoacquireknowledgeataratherlowcostandtakeshortcutstospeedupitsdevelopment.Thecollisionbetweentheknowledgestocksofdifferenteconomiescanleadto…Apr21,2019BRIandGoingoutofChineseSpecialEconomicZonesAuthor:QuJian,VicePresidentofCDIEditor’sNote:Overpastyears,ShenzhenhastakentheleadinChina’sindustrializationandurbanizationwithopeneconomicthinking,leadingtoasubstantialriseinChinesepeople’sincome.Inthefuture,thedevelopmentofChina’sspecialeconomiczonesundertheBeltandRoadInitiativewillmeanthegoingoutofShenzhen’ssuccessfulexperienceandcapitaltofuelthedevelopmentofotherdevelopingcountrieswhileopeningupnewmarketsoverseas.TherapiddevelopmentofChina’seconomyisdueinnosmallmeasuretothecorrectleadershipoftheCPCandastablepoliticalenvironment,whichisdifficultforothercountriestoreplicate.However,…Apr18,2019China-IndiaCooperationonBiotechandPharmaceuticalIndustriesThereportisaimedathelpingpolicymakersenhanceunderstandingaboutthepoliciesrelatedtothepharmaceuticalandbiotechindustriesofChinaandIndia.OverviewChinahasbecomethethirdlargestpharmaceuticalmarketworldwideandgainedstrongresearchcapabilitiesingenetesting,celltherapy,andbio-pharmacy.Nevertheless,excessiveregulatorycontrolanddilatoryapprovalprocedureshavehinderedtheinnovativetechnologytransferandindustrialization.Reputedasthe“pharmacyoftheworld”,Indiaistheworld’sbiggestexporterofgenericdrugsandvaccines.Tailoringpoliciesrelatedtointellectualproperty,pricecontrolandforeigndirectinvestmenttotheneedofits…Feb28,2019China'sNewDevelopmentStage:ChallengesandOpportunitiesAuthor:FanGang,PresidentofCDIEditor’sNote:China’snewdevelopmentstagehasmanyfeatures:independentinnovationhasbecomeanewgrowthpillar;thedomesticconsumermarkethasgrownsteadily;largecityclustershavegraduallyformed;greendevelopmenthasbecomeaninevitabletrend;andprivatebusinessesurgentlyneedtofindawayout.Onthewhole,althoughChinain2019willfaceevenmorechallenges,China'seconomywillcontinuetogrowinfuture.IndependentinnovationChinaisenteringanewstageofdevelopment,wherethedriverofgrowthisindependentinnovation,movingawayfromleveragingonlycomparativeadvantagestoleveragingbothcomparativeadvantagesand…Feb28,2019AboutChina-U.S.TradeFrictionsAuthor:FanGang,PresidentofCDIEditor’sNote:ChinaandtheUShaveachievedsubstantialprogressfollowingtheirseveralroundsofhigh-leveltradetalks.Thetwocountriesarestrivingtoreachawin-winagreement.Whatarethecausesandeffectsofthetradefrictions?Moreimportantly,whatarethesolutionstobreaktheimpasse?WhatarethecausesoftradeimbalancebetweenChinaandtheUS?TheU.S.hasruntradedeficitsforyearsonendforthefollowinggeneralfactors:first,lowsavingsratecontributestotradedeficits;second,theU.S.,asanissueroftheglobalcurrency,mustmaintainacertainlevelofdeficitsifitwantstomakethecurrencyareservecurrencyora…Feb28,2019China’sShiftingEconomicLandscapeAuthor:FanGang,PresidentofCDIEditor’sNote:ThecurrentslowdowninChina'seconomicgrowth,whileaffectedbytheoverallglobaleconomicsluggishness,isalsoinseparablefromanumberofoverheatinginChina'sowndevelopmentprocess.China’semergenceasaneconomicpowerhouseismainlydeterminedbyitsownnationalconditions,notbytheinternationallandscape.Atpresent,Chinafacesstrongdownwardpressureoneconomicgrowthbecauseoftheincreasingcostsoflabororenvironmentalprotection,andmoreimportantly,cuttingovercapacityanddeleveraging,whichhaveledtotightenedmonetarypolicyandlowerleverageratio,seriouslyconstrainingthedevelopmentofprivate…GFCISep28,2020TheGlobalFinancialCentresIndex28(GFCI28)Mar26,2020TheGlobalFinancialCentresIndex27(GFCI27)Sep19,2019TheGlobalFinancialCentresIndex26(GFCI26)Mar11,2019TheGlobalFinancialCentresIndex25(GFCI25)Dec08,2018ChinaFinancialCentersIndex(CFCI10)Oct11,2018TheGlobalFinancialCentresIndex24(GFCI24)Mar30,2018TheGlobalFinancialCentresIndex23(GFCI23)Sep21,2017TheGlobalFinancialCentresIndex22(GFCI22)Apr01,2017TheGlobalFinancialCentresIndex21(GFCI21)Nov04,2016MainFindingsoftheChinaFinancialCentersIndex(CFCI8)Sep26,2016TheGlobalFinancialCentresIndex20(GFCI20)EventsSep25,2020GlobalFinancialCentresIndex28LaunchTheGlobalFinancialCentresIndex(GFCI)wasfirstdevelopedin2005andhasbeenpublishedeverysixmonthssince2007.Startingin2016,Z/YenandChinaDevelopmentInstitutejoinedparentshipand…Aug31,2020Fortyyearsandon:ShenzhenSpecialEconomicZoneaimingforahighergoalOnAugust26,2020,Shenzhenmarks40yearssincebeingdesignatedasa“SpecialEconomicZone”.Asthefirstofitskindonmanylevels,whatwillbenextforShenzhen?HowcanShenzhencontinue…Jun28,2020CopingwithCovid-19–steppingupSino-JapaneconomicandtradecooperationTheglobaleconomyhasbeenhitharderduringtheCovid-19pandemic.AstwoofEastAsia’smajorplayers,ChinaandJapan’srobustregionalcollaborationwillhelpmitigatethenegativeeffectsofCovid-19,aswellastostabilizeregionaleconomyandfacilitatefutureeconomicgrowth.Inthis…Jun07,2020InnovationofInstitutionalIntegration–HainanFreeTradePortOnJune1,2020,theOverallPlanfortheConstructionofHainanFreeTradePortwasreleased,makingChina’sHainanProvincetheworld’slargestfreetradezone.Tobetterunderstanditsimplications,CDIresearchersgaveaninterpretationandanalysisofthepolicieslaidoutintheplan.Date:…May07,2020TheEconomicRoadtoPost-Covid-19RecoveryFastorSlow?China’sGDPshrank6.8%inthefirstquarterof2020andprojectionsfortheyearareofasignificantslow-downfrom‘normal’growthof6%ormore.Covid-19ishittingWesterneconomieslater,andseeminglyharder.WesternGDPiswidelyexpectedtodecline.AsChinaleadsthewayoutofcovid-19…Apr29,2020ChineseEconomyonCOVID-19impact:ChallengesandSolutionsTheglobalpandemichasabruptlyhaltedalmostallhumanactivityandsubsequentlycreatedseriouschallengestotherevivalofeconomy.OnApril29,CDIorganizedanonlinemeetingwhereacademicsaroundthecountrydebatedpossiblesolutionstothispuzzle.Date:April29,2020Host:CDITheme:…WEF2020:InConversationWithChinaReformFoundation'sFanGangWEF2020:KeyTakeawaysFromFanGang’sInterviewCDIIntheNewsAug13,2020China’sUS$68billionGreaterBayArearailplanforfaster,easiercitylinksmacaunewsChinawillinvestCNY474.1billion(US$67.9billion)toimproverailconnectionintheGreaterBayArea,building775km(480miles)ofintercityrailwayandfivetransporthubs,accordingtoaplanapprovedbytheNationalDevelopmentandReformCommission(NDRC).TheGreaterBayAreaisanambitiousschemeannouncedbytheChinesegovernmentin2017tolinkHongKong,MacaoandninecitiesinGuangdongprovincetoformanintegratedmegaeconomicandtechnologyhubcapableof…Dec05,2018Z/YenFinanceCenterListGrowsTo100AndShowsAsiaRisingForbesThelistofthetopglobalfinancialfromZ/YeninLondonshowsacontinuedshifttotheAsiaandsomesharpmovement,perhapsBrexit-related,toamongsomeoftheBritishoff-shorecenters.Releasedtwiceayearsince2007,theGlobalFinancialCentresIndex(GFCI)hassince2016beenacollaborationbetweenZ/Yen,aLondonthinktank,andtheChinaDevelopmentInstitute,anationalthinktankfocusedonpublicpolicy.TheIndexstartedwithafocusonfourleadingfinancialcenters—…Nov29,2018ShenzhenfirmshikeinvestmentinR&DsectorChinadailyShenzhenfirmshikeinvestmentinR&DsectorNearly20percentofShenzhen-registeredlistedcompaniesdevotedmorethan10percentoftheiroperatingrevenuetoresearchanddevelopmentlastyear,alevelonparwithgloballyleadinghigh-techenterpriseslikeGoogleandApple,accordingtoareport.Inall,256companiescoveredintheShenzhen-registeredListedCompaniesDevelopmentReportdisclosedtheirR&Dspendingintheir2017annualreports.Betweenthem,thecompanies…Nov12,2018ChinaRealEstateMayFace‘YearofRecession’CaixinAfteryearsofboominggrowth,China’srealestatesector,amajorpillaroftheworld’ssecond-largesteconomy,iswobbling.ThefundamentalsofChina’srealestatemarketwillface“ayearofrecession”in2019,ChinaInternationalCapitalCorp.(CICC)saidMondayinaresearchreport.Sales,investmentsandnewconstructionstartswilldeclinesignificantlynextyear,accordingtoresearchersatthelargeststate-backedinvestmentbankinChina.Inresponse,thegovernmentshould…Nov08,2018NoquickfixtoUS-Chinatradewar–evenwithaTrump-Ximeeting,topBeijingeconomicadvisersaysYahoonewsBeijingandWashingtonareunlikelytoreachadealonintellectualpropertyrightsorfurtheropeningupofChina’sfinancialmarket–eveniftheleadersofthetwocountriesmeetlaterthismonth,akeyChinesegovernmentadvisersaid.“WhattheywerenegotiatinginBeijingandWashingtoninthepastround[oftalksearlierthisyear]wasmostlyabouttradeitself,”FanGang,aformermemberofthemonetarypolicycommitteeofthePeople’sBankofChina,saidinaspeechat…Nov08,2018NoquickfixtoUS-Chinatradewar–evenwithaTrump-Ximeeting,topBeijingeconomicadvisersaysSouthChinaMorningPostBeijingandWashingtonareunlikelytoreachadealonintellectualpropertyrightsorfurtheropeningupofChina’sfinancialmarket–eveniftheleadersofthetwocountriesmeetlaterthismonth,akeyChinesegovernmentadvisersaid.“WhattheywerenegotiatinginBeijingandWashingtoninthepastround[oftalksearlierthisyear]wasmostlyabouttradeitself,”FanGang,aformermemberofthemonetarypolicycommitteeofthePeople’sBankofChina,saidina…Nov01,2018TalkingtheirwayoutoftheChina-UStradewarAsiaTimesAfiercedebateisragingaboutthefutureofChina’seconomy.ManybelieveitisbeingheldbehindcloseddoorsatthepowerfulPolitburo.Theywouldbewrong.Instead,thesediscussionsaretakingplaceinthehallowhallsofPekingUniversity.Inthepastthreeweeks,ZhangWeiying,theprominentliberaleconomistandaprofessorattheprestigiousseatoflearninginBeijing,hasmappedouthisvisionofthefuture.OnMonday,FanGang,anotherinfluentialprofessoratPeking…Oct30,2018TradewarhasacceleratedChina'sliberalisationofeconomy,saysChinesegovernmentadviserTheStaraitsTimesBANGKOK-ChinaisseriousaboutliberalisingitseconomyanditspaceofdoingsohasbeenacceleratedbyitstradewarwiththeUnitedStates,saysChineseeconomistandgovernmentadviserFanGang."Thatkindofwillingnessisgenuine…Chinarecognisesthatitneedsmoreliberalisationtobecomemorecompetitiveintheglobalmarket,"saidthePekingUniversityprofessorandpresidentofShenzhen-basedthink-tankChinaDevelopmentInstitute.Butthepaceofreformshas…Oct22,2018AfishingvillagebecomesaneconomicjuggernautEcns.cnCitytransformedfromtraditionalmodeltomajorhubofinnovationFourdecadesago,ShenzhenwasjustasmallfishingvillageadjacenttoHongKong.Today,thecityinsouthernGuangdongprovinceisthecountry'shigh-techandinnovationhub.It'sknownasChina'sSiliconValleyandistheheadquartersofinternetandtelecomgiantsTencentandHuawei,thankstothecountry'sreformandopening-uppolicy.Withapopulationofmorethan12million,Shenzhen'srapidgrowtharosefrom…Oct19,2018Shaanxi'sXixianNewAreaProjectExploresInnovativeModelofUrbanDevelopmentCisionPRNewswireXI'AN,China,Oct.19,2018/PRNewswire/--ThefirstXixianNewAreaInternationalForumonInnovativeUrbanDevelopmentMode(IUDM2018),organizedinXi'anandattractingmorethan500expertsandscholarsfromChinaandabroadtoexploreinnovativeurbandevelopmentmodels,washeldunderthetheme"NewEra,NewEconomy,NewCity."TheforumwasjoinedbyRajendraKumarPachauri,formerchairmanoftheIntergovernmentalPanelonClimateChange(IPCC)from2002to2015;Liu…Oct18,2018BeijingmustwintheheartsofUSbusinesspeopleamidtradewar,ChinapolicyadvisersaysSouthChinaMorningPostBeijingmustnotlaunchretaliatoryattacksagainstAmericanfirmsorUSbusinessoperationsinChina,despiteUSPresidentDonaldTrump’sthreattoslapfurtherpunitivetariffsonChinesegoodsandrestrictChineseinvestmentintheUS,aChineseeconomistandgovernmentadviserhaswarned.“Trumpwouldlovetosee[China]maketroubleforUSfirms,”FanGang,aformermemberofthemonetarypolicycommitteeofthePeople’sBankofChina,saidinaspeechatTsinghua…Oct18,2018China:BeijingConsidersaPrudentEconomicResponsetoU.S.PressureStratforWhatHappenedSpeakingatTsinghuaUniversityonOct.17,FanGang,aneconomist,influentialChinesegovernmentadviserandformermemberofthePeople'sBankofChina'sMonetaryPolicyCommittee,arguedthatthegovernmentinBeijingmustnotlaunchretaliatoryattacksagainstU.S.businessoperationsinChina.HesaidthisstrategywouldonlyleadU.S.PresidentDonaldTrumptoreinforcethepressurecampaignagainstthecountry,andthatBeijingneedstomaintainitsconnections…Oct16,2018Top10financialcentersinChinaChinaDailyShanghai,BeijingandShenzhensafelysecuredtheirtopthreespotsasfinancialcentersinChina,whilethecountry'smajorcenterssawtheircompetitivenessenhanced,accordingtothe10theditionoftheChinaFinancialCenterIndexreleasedbytheChinaDevelopmentInstitute,athinktankbasedinShenzhen,Guangdongprovince.Atotalof31financialcentersinChinaareratedintheindex,whichisbasedon91criteriainvolvedintheperformanceofthefinancialindustry,…Oct04,2018Tradeissueswon'thurtreformpushEcns.cnChinacapableofhandlingchallengesincludingpossiblemarketfluctuationsSino-U.S.tradeconflictswillneverconstrainChina'seffortstopushforwardeconomicstructuralreforms,economistssaidonMondayattheBoaoForumforAsiainHainanprovince.Lastweek'stit-for-tatmovesbetweenChinaandtheU.S.areareflectionoffundamentallyunbalancedeconomicdevelopment,andChinashouldfocusonitslong-terminterests,sustainablegrowth,restructuringandfurtheropeningup,…Sep28,2018CORPORATEBITS|MGMHOLDSSEMINARONGREATERBAYOPPORTUNITIESMacauDailyTimesMGMheldanotherseminaronnationaleducationtitled“TheDevelopmentoftheGreaterBayAreaandtheOpportunitiesforMacau”onWednesday.Dr.GuoWanda,executivevicepresidentofChinaDevelopmentInstitutewasinvitedasthekeynotespeakertospeakonbothopportunitiesandchallengesoftheGreaterBayAreaplanforMacau.Accordingtoastatementissuedbythegamingoperator,morethan300MGMteammembersandteachingstaffoflocaltertiaryeducational…Sep21,2018UScityregainsfinancialdominance–here’swhyFoxBusinessNewYorkhasdisplacedLondontobecometheworld’stopfinancialcenter,withBrexittoblame.AccordingtoTheGlobalFinancialCentersIndexproducedbytheChinaDevelopmentInstituteandLondon-basedthinktankZ/YenPartners,NewYorksurpassedLondoninthelatestbiannualsurvey.Still,theracewastightwithNewYorktoppingtheU.K.citybyjusttwopoints,whilebothcities'overallscoresfell.ThefinancialcommunityhasbeenconcernedabouthowBrexitwouldimpact…Sep20,2018EconomicWatch:ChinastepsuppolicysupportforprivatesectorXinhuanetBEIJING,Sept.20(Xinhua)--Chinahasreassuredprivatebusinessesofcontinued,equalandfavorablepoliciescomparedwiththeirstate-ownedcounterpartsastheprivatesectorhasbecomeasignificantpartoftheeconomyandamajorsourceofmarketvitality.PremierLiKeqiangreiteratedthestanceWednesdayduringtheAnnualMeetingoftheNewChampions2018,alsoknownasSummerDavos,innorthChina'scityofTianjin.Thecountrywillimplementandoptimizepoliciesthat…Sep20,2018EconomicWatch:ChinastepsuppolicysupportforprivatesectorXinhuanetBEIJING,Sept.20(Xinhua)--Chinahasreassuredprivatebusinessesofcontinued,equalandfavorablepoliciescomparedwiththeirstate-ownedcounterpartsastheprivatesectorhasbecomeasignificantpartoftheeconomyandamajorsourceofmarketvitality.PremierLiKeqiangreiteratedthestanceWednesdayduringtheAnnualMeetingoftheNewChampions2018,alsoknownasSummerDavos,innorthChina'scityofTianjin.Thecountrywillimplementandoptimizepoliciesthat…Sep17,2018MiddleEastfinancialcentresmoveuptherankingsinlatestglobalindexConsultancy-me.comAbuDubai,DubaiandAbuDhabihaveallbouncedbackinthe24thGlobalFinancialCentresIndex,afinancialmarketscompetitivenessreportreleasedbyBritishresearchconsultancyZ/YenPartners.DevelopedinconjunctionwiththeChinaDevelopmentInstitute(CDI)since2016,andupdatedeverySeptemberandMarch,theZ/YenPartners’GlobalFinancialCentresIndexnowevaluatesthecompetitivenessof100financialcentresacrosstheglobe,fromLondon,NewYorkandHongKong…Sep17,2018EconomisturgesmoreeffortstobolsterprivatesectorEcns.cnAneconomistcalledformoreeffortstostimulatetheprivatesectorastheChineseeconomyhasenteredanewperiodthatrequiresahigherlevelofinnovationandentrepreneurship.Givenaneweraofreformandopeningup,Chinaneedstoponderhowtofurtherpropeltheprivatesectorinabidtomakethebroadereconomymorevibrant,saidFanGang,presidentoftheChinaDevelopmentInstitute,aShenzhen-basedthinktank.Fan,aformermemberofthecentralbank'smonetarypolicy…Aug29,2018ShenzhensettoexpanditssubwaysnearlyfivetimesAsiaTimesShenzhen,themetropolisthatlinksHongKongtomainlandChina,isexpectedtoform33metrolinesby2035,expandingthecurrentmileageby4.7times,Yicai.comreported.AccordingtotheplanoftheShenzhenMetroGroup,thetotalmileageofthecity’srailtransitwillreach580kilometers.Whileby2035,themileagewilladdupto1,335kilometers,whichwillbe4.7timesthecurrentscale.“ThepopulationinShenzhenisgrowingveryfast,whichbringsgreatpressureonurban…Aug27,2018ShenzhenSEZcelebrates38thbirthdayEcns.cnTheShenzhenSpecialEconomicZone(SEZ)inSouthChina'sGuangdongProvince,turned38yearsoldonSunday,asexpertsacrossChinalookedbackattheachievementsandchallengesofChina'smostinnovativecityasthenationentersaneweraofreformandopening-up."ThesuccessofShenzhenisthesuccessofitssystemofinstitutionalreformandindustrialpolicies,whichproducedthebestmarketeconomyinstitutions,"SongDing,aShenzhen-basedmarketanalystattheChina…Aug13,2018Chinawillnotloosenpropertymarketregulationstoboosteconomyamidtraderow:analystsGlobalTimesChinaisrampingupeffortstotightenrealestatetransactions,thwartingspeculationthatthenationmightloosenrestrictionsontherealestatemarkettostimulateeconomicgrowthamidescalatingChina-UStradetension.Whilethetighteningofthepropertymarketisbecomingeffective,amoredetailedplanshouldbedraftedtomanagefinancialrisksinthenation'seconomy,expertsandindustryinsiderssaid.Accordingtomediareports,banksinsomeChinesecitieshaveraised…May23,2018TalentpoliciesboosthousepricesGlobalTimesTherolloutofpoliciestoattracttalentinanumberofChinesecitiesappearstobeactingasastimulusfortherealestatemarket."Now,it'sjustastart.Therealimpactofthesepoliciesonhousepriceswillbemoreevidentintwoorthreeyears,"ChenGaige,aseniormanagerwithaHainan-basedpropertydeveloper,toldtheGlobalTimesonWednesday.DatafromtheNationalBureauofStatistics(NBS)showedonMay16thatofthe70citieswhosehousepricesaremonitoredby…Apr27,2018Economist's'6-wallet'theorytriggershousingdebateChina.org.cnFanGang,amemberofthemonetarypolicycommitteeofthePeople'sBankofChina,wasatthecenterofpublicattentionduetohis"six-wallet"theoryforhomeownership.Inanepisodeof"ChinaEconomicForum"airedonApril19byChinaCentralTelevision,Fanusedwalletsasametaphorforfundingsourceswhenbuyinganapartment.Hesaidifayoungcouplehassix"wallets,"representingthefinancialsupportfromthecouple'stwopairsofparentsandfourpairsofgrandparents,…Apr27,2018Economist's'6-wallet'theorytriggershousingdebateChina.org.cnFanGang,amemberofthemonetarypolicycommitteeofthePeople'sBankofChina,wasatthecenterofpublicattentionduetohis"six-wallet"theoryforhomeownership.Inanepisodeof"ChinaEconomicForum"airedonApril19byChinaCentralTelevision,Fanusedwalletsasametaphorforfundingsourceswhenbuyinganapartment.Hesaidifayoungcouplehassix"wallets,"representingthefinancialsupportfromthecouple'stwopairsofparentsandfourpairsofgrandparents,…Apr22,2018LocalhousingmarketsheatupassideeffectoftalentpoliciesinChinesecitiesGlobalTimesChinesecities,includingfirst-tiercitiesandsmallerones,arefiercelycompetingtoattractskilledChinesepeoplebyenticingthemwithhukou,orpermanentresidence.OnApril9,theBeijingmunicipalgovernmentlaunchedapoint-basedhukouapplicationsystemfornon-Beijingerswhohopetobecomepermanenturbanresidentsofthecity.Underthenewpolicy,non-nativesofthecitybelowthelegalretirementagewhohaveheldaBeijingtemporaryresidencepermitwithinthe…Apr19,2018EconomistssayAsiawillrideB&RtorobustgrowthinfutureInquirer.netDespiteashakyglobalrecoveryandrisingtradeprotectionism,theAsianeconomywillmaintainrobustgrowthintheupcomingyears,ascountriesintheregiondeepeneconomiccooperationandbenefitfromtheBeltandRoadInitiative,renownedeconomistsandofficialsrecentlysaidattheBoaoForumforAsiaannualconference.DaiXianglong,China’sformercentralbankgovernor,saidAsiawillremaintheworld’sfastest-growingregioninthecoming20years,orevenbythemiddle…Apr13,2018China'sCentralBankWeighingMoreStimulustoSupportEconomySputnikNewsTheChinesecentralbankisaimingtorelaxitsinformaldepositrateguidanceforcommerciallenders,allowingmoreinterestrateflexibilityandhigherloanissuancetoChineseborrowers.KristianRouz-ThePeople'sBankofChina(PBOC)issettoloosenitsdepositrateceilingforcommerciallendersinanattempttoinjectadditionalmoneyliquidityintotheeconomy.ThemovecomesamidelevatedtradetensionswiththeUS,asBeijingseekstoboostdomesticconsumptionby…Apr09,2018ChinashouldinvestinassetsotherthanTreasuries:centralbankadviserReutersBOAO,China(Reuters)-Chinashouldmakebetteruseofthecountry’sfundsbylookingtoinvestitslargecapitalreservesinrealassets,notUnitedStatesTreasurybonds,anadvisertoChina’scentralbanksaidonMonday.“Wearealowincomecountry,butweareahighwealthcountry...weshouldmakebetteruseofthecapital.RatherthaninvestinginU.S.governmentdebt,it’sbettertoinvestinsomerealassets,”FanGang,directoroftheNationalEconomicResearchInstituteanda…OurPartnersCHINADEVELOPMENTINSTITUTECDIMansion,St.1,JinhuRd.,SilverLake,ShenzhenP.R.ChinaPostalCode:518029Phone: +8675582411011/82470837Fax:+8675582411011/82410997Email: carolf@cdi.org.cn | sophieli@cdi.org.cnWechat: cdiorg粤ICP备11069482号©2018ChinaDevelopmentInstitute.AllrightsreservedMobilemenuHomeAboutMissionGovernanceLeadershipStaffContactResearchOpenEconomyandInnovation-DrivenDevelopmentRegionalEconomyandRegionalDevelopmentIndustrialPoliciesandIndu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