• Fri
  • Oct 31, 2014
  • Updated: 1:51pm

Economic reform

Have free trade zones become a victim of power struggle in China?

One, two, three … keep going … 12. Now you have reached the magic number the central government has come up with for free-trade zones to support its new round of economic reforms.

Monday, 27 January, 2014, 11:24am 1 comment

12 new free-trade zones to follow in Shanghai's footsteps

The central government has agreed in principle to approve 12 new free-trade zones (FTZs), three months after giving the special status to Shanghai.

23 Jan 2014 - 4:17pm 1 comment

The deafening silence of Shanghai's free-trade zone

Follow the author on Twitter: @george_chen

What word do you think will best describe Shanghai's progress this year on its ambitious new free-trade zone? For Gordon Orr, that word is "quiet".

13 Jan 2014 - 8:45am 4 comments

For China's reforms, Guangdong is where the rubber hits the road

Just days after China announced sweeping reforms to revitalise its economy, several hundred striking workers rallied outside a Nokia factory in its wealthiest and most industrialised region shouting: “Protect our rights!”

28 Nov 2013 - 4:24pm

Rising wages and doubts over reform dent business optimism in China

European companies are more pessimistic about profits in China because of rising labour costs and a lack of confidence in reforms, a survey has found. Foreign investors' shrinking confidence may not bode well for the country's growth in the long run unless the new leadership can further liberalise the market, analysts have warned.

31 May 2013 - 10:06am 1 comment

Structural reforms need for sustained China growth

China must tackle institutional reform if it is to maintain dynamic economic growth in the long term and avoid falling into a so-called middle income trap of rising costs and falling competitiveness, Singapore's deputy prime minister and finance minister, Tharman Shanmugaratnam said.

21 May 2013 - 4:09am

Now is the right time for interest rate reforms in China

Now is the right time to loosen state controls on interest and exchange rates, a move that can only serve to boost China's market economy. At a State Council meeting on May 6, nine priorities were mapped out to widen economic reforms. For reform of the financial system, the first two priorities are the gradual introduction of measures to liberalise interest rates and exchange rates.

16 May 2013 - 2:47am

On the road to currency reform

Ever since China's new top leaders were named in November, investors at home and abroad have been watching for pointers to financial reform as China integrates further with the world economy.

14 May 2013 - 2:57am

Why Myanmar could be the next Asian tiger

After almost half a century of isolation, Myanmar could emerge as Asia's next tiger - with the right policies. After meetings with government representatives, senior executives and think-tank leaders in Myanmar, I spent some time exploring the beautiful nation.

14 May 2013 - 2:57am

Shenzhen unveils three-year plan to deepen reform

Shenzhen yesterday unveiled a three-year plan to deepen reform, with development of the Qianhai -Shenzhen-Hong Kong co-operation zone at the top of the agenda, Shenzhen Television reported.

The city's top leadership said reform and innovation would be their focus this year.

10 May 2013 - 4:24am

China needs a sense of crisis to reform its unbalanced economy

Global opinion on China's economic prospects appears to have soured of late. Credit ratings agency Fitch downgraded the country's long-term local-currency rating from AA-minus to A-plus last month, followed by Moody's lowering of the country's credit outlook from "positive" to "stable".

9 May 2013 - 4:45am

China's ailing economy needs a dose of Thatcherism with Chinese characteristics

As the world mourned the passing of former British prime minister Margaret Thatcher, remembered her belief in small government, free enterprise and monetarism, and her contribution to world prosperity, we should look at what today's China can learn from her legacy.

29 Apr 2013 - 1:07pm 1 comment

China needs bold reform to counter slowdown in fiscal revenue growth

The days of belt-tightening are finally here. China's latest fiscal data shows that, in the first quarter of this year, public revenue grew by only 6.9 per cent, down 7.8 percentage points from a year earlier. In March, central government revenue even fell by 5.2 per cent year on year, a dip after five months of growth. By contrast, China's public expenditure increased by 12.1 per cent in the first quarter. The growth in spending is outstripping the rise in revenue.

25 Apr 2013 - 3:03am

China economic reform still vital, business leaders say

China's new leaders should press ahead with reforms even though the strong economic growth of recent decades is tapering off.

22 Apr 2013 - 5:53am

Xi has a strong team to help overcome reform obstacles, says ex-Australian envoy

Conditions are ripe for President Xi Jinping to overcome obstacles to reform, in part because he has assembled a strong team to handle domestic and world affairs, says a former Australian ambassador to China.

8 Apr 2013 - 5:49am

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