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  • November 1, 2014
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  1. News - China - CHINA BRIEFING

    Time to put economy to new reform index test

    Posted Oct 27th 2014, 07:46am by Wang Xiangwei

    ... Wang Xiangwei GDP numbers are no longer enough to gauge performance- or officials Time to put economy to new reform index test Last Tuesday, the mainland reported that its economy grew ... provide a much-needed opportunity for consolidation and painful economic structuring to put the economy on a healthier track. On the other hand, many economists worry that the leaders have ...

  2. News - China - CHINA BRIEFING

    Alibaba's mega IPO signals rise of China's new wave of tech giants

    Posted Sep 22nd 2014, 08:18am by Wang Xiangwei

    ... reflects the rise of a new wave of technology giants to propel the Chinese economy forward as the government seeks greater reliance on innovation and domestic consumption. Alibaba is the latest ... are privately owned in an economy dominated by state-owned enterprises with monopolies or cartels in banking, energy, telecoms and infrastructure. Entrepreneurs like Alibaba's Ma, Tencent's ...

  3. News - China - CHINA BRIEFING

    Party's over for state-firm fat cats

    Posted Sep 01st 2014, 07:14am by Wang Xiangwei

    ... and transforming state firms into modern enterprises, the country's leaders might have more confidence to eliminate monopolies, one of the major stumbling blocks to putting the economy on a healthier ...

  4. News - China - CHINA BRIEFING

    Breaking monopolies of state-owned enterprises is key for sustainable economy

    Posted May 12th 2014, 03:50am by Wang Xiangwei

    ... Despite the mainland leadership's decades-long efforts to restructure the state sector as a modern market economy, the major state-owned firms still maintain full or near monopolies ... of the People's Republic. As the new leadership under President Xi Jinping has vowed to let market forces play a decisive role in the economy, it is time to clean up corruption-riddled state monopolies ...

  5. News - China - CHINA BRIEFING

    Level the field but keep FDI in play

    Posted Aug 25th 2014, 05:37am by Wang Xiangwei

    ... is yet more proof of the government's change in attitude towards foreign direct investment (FDI), which helped make the country the world's second-largest economy. Mainland officials ... The mainland authorities should do much more to dispel that impression as FDI is still one of the key drivers for moving the mainland economy forward. xiangwei.wang@scmp.com ...

  6. News - China - CHINA BRIEFING

    Xi Jinping's wider ambitions in rooting out graft

    Posted Aug 11th 2014, 06:27am by Wang Xiangwei

    ... from other leaders to scale down the corruption drive and shift the focus back to stimulating the economy. Indeed, some investors have started to complain the corruption drive has already ... power over the party, the economy, the military, national security, internet security and foreign policy, to name a few. His rapid consolidation of power would not have been successful without ...

  7. News - China - CHINA BRIEFING

    Bureaucratic inertia stalls reform drive

    Posted Jun 30th 2014, 06:25am by Wang Xiangwei

    ... considerable regulatory powers and powers of approval over a swathe of the economy, some mainland and foreign businessmen have already felt the side effects as officials have shown greater reticence ...

  8. News - China - CHINA BRIEFING

    Justice steps in where stability once ruled

    Posted Jun 16th 2014, 06:02am by Wang Xiangwei

    ... cover-up and its subsequent impact on the mainland economy put them to a severe test. After a promising start, the current leadership of Xi Jinping and Li Keqiang are now faced with even bigger and more complex tests little more 18 months into their 10-year terms. At home, a slowdown in the economy has made investors jittery about uncertainties ahead, while an ambitious economic reform ...

  9. News - China - CHINA BRIEFING

    After powerful start, Li Keqiang's frustration grows with resistance to reforms

    Posted Jun 09th 2014, 05:15am by Wang Xiangwei

    ... second-largest economy since he came to power more than a year and a half ago. For the first few months of his premiership, Li enjoyed a brief honeymoon with the media and enthusiastic economists who ... for market forces in the economy. He vowed his cabinet would "display courage like a brave man cutting his own wrist" to push for restructuring. Several months later, and buzzwords like ...

  10. News - China - CHINA BRIEFING

    One lion that doesn't want to be king of the jungle

    Posted Mar 31st 2014, 05:19am by Wang Xiangwei

    ... will help you make a fortune" to illustrate his foreign policy outlook. But China could not afford to keep quiet over the decade Hu Jintao was in power, as its economy expanded to become ... turned inward despite its intended policy "pivot" towards Asia. Europe is preoccupied with the crisis in Ukraine. However, it is too early to conclude that Xi wants to replace ...




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