IMF raises China 2017 economic outlook again on policy support

Reuters / Jun 14 2017 / Originally Posted at ABS-CBN News

 BEIJING – The International Monetary Fund on Wednesday raised its forecast for China’s economic growth this year to 6.7 percent, citing “policy support, especially expansionary credit and public investment”. Continue reading “IMF raises China 2017 economic outlook again on policy support”

Beijing says yuan policy is actually doing US a favour

by Frank Tang / May 25, 2017 / SCMP

China defended its yuan exchange-rate policy and its interventions in the foreign exchange market on Thursday, saying it hasn’t manipulated its currency but instead sacrificed some of China’s interests to help the world, including the US. Continue reading “Beijing says yuan policy is actually doing US a favour”

 China going nowhere on hukou reform

19 May 2017 /  Bingqin Li / East Asia Forum

China’s hukou (household registration) system is often criticised for hindering the free movement of labour and creating inequality. In recent years the hukou system has undergone considerable reform. But is this enough to turn around the trends in China’s regional inequality? Continue reading “China going nowhere on hukou reform”

How China has become America’s equal, as showcased at a Harvard forum

by Robert Delaney / 25 April, 2017/ SCMP

On the campus of Harvard Business School this past weekend there was little doubt among corporate leaders and investors gathered for an annual conference that China had arrived as an equal to the United States. Continue reading “How China has become America’s equal, as showcased at a Harvard forum”

How well-off is China’s middle class?

by Chinapower/csis.org

Over the past several decades, China’s economic development has lifted hundreds of millions of Chinese out of poverty and resulted in a burgeoning middle class. Middle class households typically have enough income to satisfy their primary needs – food, clothing, and shelter – with some disposable income left over for additional desired consumption and savings. In 2002, China’s middle class was only four percent of its population. A decade later this number had climbed to 31 percent, constituting over 420 million people. China’s growing middle class presents an array of new economic opportunities, but also poses significant political and demographic challenges. Continue reading “How well-off is China’s middle class?”

No losers in globalized economy: AIIB head

March 26, 2017/ By Philippine News Agency / Manila Bulletin

With the Asian Infrastructure Investment Bank (AIIB) continue to expand membership, AIIB President Jin Liqun has assured that no countries will be left behind under the globalization efforts, including China’s Belt and Road Initiative.

Jin made this assurance during the plenary session of the Boao Forum for Asia Annual Conference 2017 under a theme “Globalization & Free Trade: the Asian Perspectives” being held in this fast growing tropical province of China.

Continue reading “No losers in globalized economy: AIIB head”

China pushes for fair, inclusive global governance

March 14 (Xinhua)

BEIJING, March 14 (Xinhua) — During China’s annual parliamentary and political advisory sessions, discussions are not just confined to domestic issues, but also focus on China’s active involvement in global governance.

Consensus has been reached on China’s growing role in reforming and enriching global governance, responding to the world’s need for mechanism innovation and bringing mutually beneficial results to all participants. Continue reading “China pushes for fair, inclusive global governance”

China overtakes eurozone as world’s biggest bank system

by Gabriel Wildau / March 5, 2017 / Financial Times

China’s banking system has surpassed that of the eurozone to become the world’s largest by assets, a sign both of the country’s increased influence in world finance and its reliance on debt to drive growth since the global financial crisis.

Continue reading “China overtakes eurozone as world’s biggest bank system”