Beijing released policy guidance for consolidating nine “key” industries on January 22, triggering concerns that China is redoubling efforts to boost state-owned enterprises and tighten their grip on the marketplace. The circular, Guiding Opinions on Pushing Forward Enterprise M&A and Reorganization in Key Industries (“Opinions”), was issued by a collection of Chinese bureaucracies under the [...]

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Near-term China investment decisions and US trade and economic policymaking are influenced by competing views of China’s longer-term outlook. Yet economic models of China’s long-term growth are shaky, debatable and hence few in number. Official statements from China’s leadership about long-term expectations, and more importantly about the composition of long-term economic growth, are even more [...]

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