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We first commented on China’s new income inequality plan back in November when there was still a bit of skepticism over whether it would be released at all (it has been in the works since 2004). The initial outline of the plan was released this week in a notice (CN) by the State Council. The [...]
For the uninitiated, when looking at China from afar it is easy to assume that in a “socialist-market economy” the state would play a significant role in employment. Even for seasoned China watchers, it is easy to fall into the misconception that the painfully slow pace of economic reforms during the Wen Jiabao and Hu [...]
One of the messages coming out of the new Chinese leadership is an emphasis on higher quality economic growth. This means moving past a simple emphasis on the headline GDP growth number and instead focusing on boosting living standards. This is embodied in the renewed emphasis on building a moderately well-off (小康) society and the [...]
China’s once-in-a-decade leadership transition has now occurred with the conclusion of the 18th Party Congress and speculation is running high as to what the future direction of economic reform will be. The new lineup of the Politburo Standing Committee is a mixed bag in terms of reform. Key reformers like Li Yuanchao and Wang Yang were left off, but protégés of [...]
Private investors continue to lead the state despite slower growth In the midst of the noise surrounding financing for private companies and state-led stimulus to combat weaker growth this year, it may come as somewhat of a shock that investment by private companies is a major driver of the current recovery in fixed investment growth [...]
Why China’s command and control equity markets are no fun When Guo Shuqing took over as head of the China Securities Regulatory Commission (CSRC) in October, there was great hope that he would push forward more reforms to make equity markets – only accounting for 3.6 percent of total financing today – a better source [...]
One of the more interesting things to come out of the most recent Strategic and Economic Dialogue was a little more specificity on the topic of state-owned enterprises (SOEs) dividend reform. Given the intense disagreements within the Chinese government over this topic, moving forward with reforms is extremely difficult. Chinese negotiators agreed to the following [...]