https://www.scmp.com/rss/322411/feed G. Bin Zhao is founding chairman of the Global CEO Institute, a guest economist at the World Finance Forum and Forbes China Group, a former economist and director of policy at the Accounting and Financial Reporting Council. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com US President Donald Trump’s tariff assault on the world has not just shaken Wall Street and the rest of the nation. It also risks setting back the aspirations of global populations for economic recovery and improved living standards. The world continues to experience turbulence as geopolitical tensions intensify and the risk of war increases. Can such a global environment truly “Make America Great Again”? If Maga is indeed Trump’s primary goal for his second term, he has much better options than... https://www.scmp.com/opinion/world-opinion/article/3306624/china-can-offer-trump-trillions-investment-dollars-america-needs?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3306624/china-can-offer-trump-trillions-investment-dollars-america-needs?utm_source=rss_feed Wed, 16 Apr 2025 12:30:07 +0000 As the first half of 2024 comes to an end, the state of China’s economic recovery is a mixed bag of joy and concern. The positive aspect is that multiple economic indicators show a significantly better growth trend compared to the same period last year. However, what is worrisome is that consumers, investors and entrepreneurs still lack confidence in the economic outlook. Traditionally, three of the leading drivers behind China’s economic growth have been consumption, investment and exports.... https://www.scmp.com/opinion/china-opinion/article/3267915/how-read-chinas-economic-report-card-first-5-months-2024?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3267915/how-read-chinas-economic-report-card-first-5-months-2024?utm_source=rss_feed Tue, 25 Jun 2024 08:30:09 +0000 Economist Stephen Roach’s comment that “Hong Kong is over” has sparked renewed discussion about the city’s future. His views are part of a broader trend in recent years that consistently underestimates China’s potential. While these opinions are worth noting, they should not erode confidence in Hong Kong’s development prospects. In 2012, I wrote an op-ed for the Post mentioning the prediction that Hong Kong would surpass New York as a global financial centre. I’ve had the privilege of working at... https://www.scmp.com/opinion/china-opinion/article/3266010/sceptics-say-hong-kong-over-chinas-trajectory-says-otherwise?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3266010/sceptics-say-hong-kong-over-chinas-trajectory-says-otherwise?utm_source=rss_feed Wed, 12 Jun 2024 01:30:09 +0000 After more than 40 years of reform and opening up, China is striving to transform into an innovation-driven economy in the next decade. Some might have doubts, but China has made rapid progress in the past few years. The Communist Party Central Committee emphasised high-quality growth in a resolution adopted at a plenary session last month, and Vice-Premier Liu He later reiterated that China’s growth should be innovation-driven. The country’s top policymakers are firm in their belief that... https://www.scmp.com/comment/opinion/article/3159709/five-reasons-chinas-shift-innovation-based-economy-will-succeed?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3159709/five-reasons-chinas-shift-innovation-based-economy-will-succeed?utm_source=rss_feed Thu, 16 Dec 2021 01:15:14 +0000 Some of China’s recent policies might be too tough, but the intention is to build a better and stronger economy. For instance, the call for “common prosperity” has caused confusion, even disorientation, outside China. It would be much easier to understand if it is described as a continuation of policies on alleviating poverty and narrowing the gap between poor and rich. The recent crackdown on the education market is another example of the lack of policy communication with the business sector... https://www.scmp.com/comment/opinion/article/3147321/how-chinas-census-offers-clues-its-next-policy-moves?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3147321/how-chinas-census-offers-clues-its-next-policy-moves?utm_source=rss_feed Fri, 03 Sep 2021 20:30:12 +0000 Japanese Prime Minister Shinzo Abe recently announced the launch of a US$121 billion stimulus package, but China is still hesitating to do something similar. As a result of the global economic slowdown and weakening domestic demand, China’s GDP growth rate fell to 6 per cent in the third quarter of this year, the lowest since records began in 1992. Markets are worried that the world’s second-largest economy – a major contributor to the global GDP – might continue to decelerate. Should China... https://www.scmp.com/comment/opinion/article/3042793/china-risking-economic-stagnation-its-half-hearted-stimulus?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3042793/china-risking-economic-stagnation-its-half-hearted-stimulus?utm_source=rss_feed Thu, 19 Dec 2019 17:00:07 +0000 Uncertainty over the escalating US-China trade war has become a major factor affecting global growth. Some worry that it might lead to “one world, two systems” in the future. Former US Treasury secretary Larry Summers has also warned that the US may be in the early stages of a cold war with China. However, China probably understands better than any country that closing itself off is not an option. Reform and opening up are the fundamentals of its economic success. China’s rapid development over... https://www.scmp.com/comment/opinion/article/3024786/chinas-economic-achievements-over-past-70-years-point-strong-future?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3024786/chinas-economic-achievements-over-past-70-years-point-strong-future?utm_source=rss_feed Sun, 01 Sep 2019 19:00:05 +0000 This year marks the 40th anniversary of China’s economic reform and opening up. As Confucius said: “At 40, I had no doubts.” In the 19th century, German philosopher Arthur Schopenhauer noted: “The first 40 years of life give us the text: the next 30 supply the commentary.” No matter how it is stated, the 40th anniversary means a lot in life, and for a nation.  Looking back over the last four decades, there is no doubt that reform and opening was the only way to create prosperity for the Chinese... https://www.scmp.com/comment/insight-opinion/article/2147272/chinas-reform-and-opening-must-continue-40-years-after-its?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2147272/chinas-reform-and-opening-must-continue-40-years-after-its?utm_source=rss_feed Tue, 22 May 2018 10:00:45 +0000 China, in the past two years, has issued stricter policies to control its real estate market. Many local governments have limited property purchases and restricted the resale of newly bought properties within two to five years. Also, buying flats in major cities has become almost impossible without having a local hukou, a registered residence permit, or without paying income tax and social insurance in that city for a certain number of years. The main theme of China’s macro controls on the... https://www.scmp.com/comment/insight-opinion/article/2134314/growing-pains-chinas-property-cooling-measures-will?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2134314/growing-pains-chinas-property-cooling-measures-will?utm_source=rss_feed Sun, 25 Feb 2018 01:31:38 +0000 Twenty-eight heads of government are expected to attend a major summit on China’s Belt and Road Initiative in Beijing later this month, the highest-level dialogue since the grand vision was shared by President Xi Jinping (習近平) in September 2013. Economic cooperation must be the top priority at the forum. So which areas are expected to achieve breakthroughs? According to data from China’s State Information Centre, in 2016, total international trade of the 64 belt and road countries amounted to... https://www.scmp.com/comment/insight-opinion/article/2093148/how-chinas-belt-and-road-ambitions-can-take-flight-one-win?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2093148/how-chinas-belt-and-road-ambitions-can-take-flight-one-win?utm_source=rss_feed Sun, 07 May 2017 07:01:47 +0000 During his US presidential campaign, Donald Trump accused China of intentionally manipulating its currency by deliberately depreciating the renminbi to gain a competitive advantage for Chinese exports. However, this is a far cry from reality. China has significantly changed its exchange rate formation mechanism over the past decade – shifting from a “hard peg” to the US dollar to a “managed float regime.” Currently, the renminbi’s exchange rate is based on a basket of currencies, not just the US... https://www.scmp.com/comment/insight-opinion/article/2069765/what-next-renminbi-trump-white-house?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2069765/what-next-renminbi-trump-white-house?utm_source=rss_feed Fri, 10 Feb 2017 05:23:23 +0000 President Xi Jinping (習近平) recently called for strengthening and improving Communist Party leadership within state-owned enterprises, at a national meeting for SOE leaders. Xi’s speech drew plenty of attention, especially since SOE reform has lagged for longer than expected. Xi also sent out a strong message that SOEs must deepen their reforms in order to “become important forces to implement the decisions of the party”. Some SOEs, given their abundant financial resources and power, have the... https://www.scmp.com/comment/insight-opinion/article/2046165/could-soe-reform-china-usher-next-economic-revolution?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2046165/could-soe-reform-china-usher-next-economic-revolution?utm_source=rss_feed Wed, 16 Nov 2016 05:35:23 +0000 Not long ago, Premier Li Keqiang (李克強) approved a document from nine provinces promoting pan-PRD (Pearl River Delta) cooperation at a higher level, involving more areas and in a wider range. Hong Kong and Macau were also included, and the overall programme was named the “9+2 regional development concept”. Last week, at the Boao Forum for Asia, Premier Li again mentioned that we would launch the Shanghai-Hong Kong Stock Connect this year. Mainland Chinese investors and brokers not interested in... https://www.scmp.com/comment/insight-opinion/article/1931774/closer-ties-mainland-china-are-good-hong-kong-business?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1931774/closer-ties-mainland-china-are-good-hong-kong-business?utm_source=rss_feed Wed, 30 Mar 2016 09:40:13 +0000 January 2016 may have been one of the most turbulent periods for the Chinese economy since the country’s reform and opening up. Within a month, the stock market fell more than 20 per cent, wiping out 10 trillion yuan worth of A-share value. Annual GDP growth fell to a 25-year low and, although within expectations, the negative impact is serious. There are tough choices to be made over the renminbi exchange rate, which is in the early stages of market-oriented reform. According to international... https://www.scmp.com/comment/insight-opinion/article/1908668/why-international-markets-are-wrong-expect-continued?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1908668/why-international-markets-are-wrong-expect-continued?utm_source=rss_feed Tue, 02 Feb 2016 09:08:59 +0000 In the first week of 2016, the Shanghai stock market welcomed in the new year by twice triggering the recently implemented circuit breaker mechanism, a regulatory tool designed to calm tumbling markets. On the first trading day of the second week, the market continued to plunge, this time by more than 5 per cent. The bad news from China’s stock market not only made headlines in the world’s major financial media, it also led to declines in almost all the major markets around the world. The panic... https://www.scmp.com/comment/insight-opinion/article/1901374/beyond-pessimism-why-sustained-healthy-development-will-be?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1901374/beyond-pessimism-why-sustained-healthy-development-will-be?utm_source=rss_feed Sun, 17 Jan 2016 01:00:22 +0000 While the clouds of turmoil from the stock market have yet to clear, and China's economy faces the challenge of maintaining its target of 7 per cent growth in the second half of the year, the news that Beijing has landed the 24th Winter Olympics in 2022 is timely. Although the Winter Olympics aren't as big as the summer Games, the effect on domestic economic and social development is certain to be positive, especially as it will promote winter sports in the country. That, in turn, will boost the... https://www.scmp.com/comment/insight-opinion/article/1851355/how-winter-olympics-can-have-snowball-effect-chinas-economy?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1851355/how-winter-olympics-can-have-snowball-effect-chinas-economy?utm_source=rss_feed Fri, 21 Aug 2015 03:39:17 +0000 In a recent article, Henry Paulson, former US treasury secretary and former chairman of Goldman Sachs, appealed for the Chinese government to accelerate financial reform after the stock market turmoil. The president of the World Bank, Jim Yong Kim, also said that although many people worry that the market bailout would delay the necessary changes, he believes China will remain committed to reforming the financial sector. Clearly, the recent volatility in the stock market and the rapid response... https://www.scmp.com/comment/insight-opinion/article/1846457/stock-market-turmoil-wont-hold-chinas-financial-reform?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1846457/stock-market-turmoil-wont-hold-chinas-financial-reform?utm_source=rss_feed Tue, 04 Aug 2015 09:41:48 +0000 If you have never  ridden a roller coaster at a theme park, perhaps because you worry your heart might not take all the excitement, then the thrills and chills of buying Chinese stocks may not be for you. There has been severe turbulence in the Shanghai and Shenzhen markets over the past three to six months, very rare occurrences in the short 25-year history of the Chinese capital market, and international investors are stunned. What has caused this phenomenon, and what should be done to prevent... https://www.scmp.com/comment/insight-opinion/article/1834526/chinas-bull-market-isnt-finished-yet-despite-wild-ride?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1834526/chinas-bull-market-isnt-finished-yet-despite-wild-ride?utm_source=rss_feed Wed, 08 Jul 2015 09:41:44 +0000 At the recent Asian-African Summit held in Indonesia, Indonesian President Joko Widodo said that those who still insisted that only the World Bank, the International Monetary Fund and the Asian Development Bank can solve global economic problems were adhering to outdated ideas, and establishing a new international economic order open to the emerging economies was imperative. Although he did not directly mention the Asian Infrastructure Investment Bank, his views are highly representative of... https://www.scmp.com/comment/insight-opinion/article/1781746/lets-not-get-carried-away-asian-infrastructure-investment?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1781746/lets-not-get-carried-away-asian-infrastructure-investment?utm_source=rss_feed Thu, 30 Apr 2015 10:00:45 +0000 During the past year, Beijing has taken moderate measures to control the property bubble, as I expected. As a result, large developers have accelerated their international investments. Today, some worry that as China's economic development continues to slow, the government may make more changes in the property sector to maintain growth. While last year's GDP figure of 7.4 per cent was way ahead of other economies, it was the lowest rate in 24 years, and many industries saw a slump in... https://www.scmp.com/comment/insight-opinion/article/1719669/chinas-property-market-has-reached-turning-point?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1719669/chinas-property-market-has-reached-turning-point?utm_source=rss_feed Sun, 22 Feb 2015 16:35:49 +0000 Last week, as Pope Francis passed through Chinese airspace after his visit to the Philippines, he sent a telegram to Chinese President Xi Jinping , it was reported, to again express his willingness to visit China. This is an important indication that the Vatican is trying to improve relations with China. Perhaps more significantly, the news was widely reported by mainland media and not blocked, unlike a lot of other sensitive information. Although China has made great progress, gradually... https://www.scmp.com/comment/insight-opinion/article/1695705/china-should-welcome-catholic-church-and-other-faith?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1695705/china-should-welcome-catholic-church-and-other-faith?utm_source=rss_feed Fri, 30 Jan 2015 08:51:26 +0000 The blocking of Gmail in China has caused heartbreak and despair for hundreds of millions of Chinese users. I know this because I am one of them. I started to use Gmail at the invitation of a Spanish friend in 2004, having become familiar with Google, based on a recommendation from a professor in Canada, about two years earlier. Such memories have become an indelible part of my life. Today, it is extremely difficult if not impossible to access Gmail in China. In fact, in the past year, it has... https://www.scmp.com/comment/insight-opinion/article/1674942/google-must-not-give-chinese-market?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1674942/google-must-not-give-chinese-market?utm_source=rss_feed Tue, 06 Jan 2015 05:45:15 +0000 A recent Financial Times commentary titled "China: Turning Away From the Dollar" has led to many heated discussions. It is interesting that the Chinese edition of the paper translated the title as "China Will Rewire Global Finance", based on the main theme of the article. Oh, really? Although many indications show that China seeks to influence, or at least modify, the world financial order - as this is seen as an important way to maximise national interests - it is definitely premature to... https://www.scmp.com/comment/insight-opinion/article/1668703/china-not-quite-ready-rewire-global-finance?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1668703/china-not-quite-ready-rewire-global-finance?utm_source=rss_feed Sun, 28 Dec 2014 21:00:15 +0000 American political risk expert Ian Bremmer recently wrote that the US and Europe had been evasive on the Russian aggression in Ukraine. Although Nato recently held a summit to address the emergency, support for Ukraine was far too little to counter the Russian action, leaving many questions unanswered. For example, how will the military conflict develop? What are Russia's goals? How should China respond? Relations between Ukraine and Russia go back thousands of years. Ukraine became independent... https://www.scmp.com/comment/insight-opinion/article/1593730/ukraine-crisis-reminder-west-biggest-threat-russia-not-china?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1593730/ukraine-crisis-reminder-west-biggest-threat-russia-not-china?utm_source=rss_feed Tue, 16 Sep 2014 04:00:00 +0000 There has been much analysis already of President Xi Jinping's vision of the "Chinese dream". One thing has become clear: striving to achieve the dream is a common goal. From the perspective of modern management theory, the process of achieving the dream falls under the category of change management. Indentifying the stakeholders and relevant environments will provide a better viewpoint to foresee the coming changes. So who are the core stakeholders? The Politburo has given us the answer by... https://www.scmp.com/comment/insight-opinion/article/1553982/chinese-dream-will-become-reality-only-if-china-learns?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1553982/chinese-dream-will-become-reality-only-if-china-learns?utm_source=rss_feed Mon, 14 Jul 2014 06:45:00 +0000 Direct conversion between the renminbi and the yen, which began about two years ago, has been an important milestone in the process of internationalising the Chinese currency. Although there has been a lot of progress towards the free conversion of the renminbi over the past two years, the outcome has yet to meet market expectations. Direct exchange with major Western currencies is a necessary component of this process and there is no doubt that the euro will be another important option. China... https://www.scmp.com/comment/insight-opinion/article/1511229/direct-conversion-between-yuan-and-euro-way?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1511229/direct-conversion-between-yuan-and-euro-way?utm_source=rss_feed Tue, 13 May 2014 11:30:45 +0000 Despite increasingly strict regulations, investment in China's real estate industry, as well as sales totals and prices, still achieved high levels of growth last year. During the Communist Party's third plenum, the new leadership announced reform measures in a number of areas, but many people were left puzzled by the fact that the real estate sector - the source of the most vocal public complaints - didn't appear to fall within the scope of these new policies. The real estate bubble continued... https://www.scmp.com/comment/insight-opinion/article/1425149/beijing-takes-gentle-approach-deflating-real-estate-bubble?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1425149/beijing-takes-gentle-approach-deflating-real-estate-bubble?utm_source=rss_feed Mon, 10 Feb 2014 05:00:45 +0000 Five of the Communist Party Central Committee's past seven third plenums have discussed macroeconomic policies relating to reform and opening up, and economic development. Thus, it can be expected that Xi Jinping and Li Keqiang will continue along the same path. This time, the main theme will probably be the "adjustment and regulation" of policies. To predict the areas of focus, we need to look at the major obstacles to growth over the next five to 10 years. First, the current economic system... https://www.scmp.com/comment/insight-opinion/article/1349035/can-chinas-economic-planners-rise-challenge?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1349035/can-chinas-economic-planners-rise-challenge?utm_source=rss_feed Wed, 06 Nov 2013 12:00:45 +0000 President Xi Jinping has again repeated his desire to create a Silk Road economic belt following a recent visit to Kazakhstan, where he proposed the idea as a way for European and Asian nations to promote closer economic ties. In addition to its international strategic significance, the creation of the Silk Road belt would enhance economic development in western China, and have a far-reaching impact on regional development in general. As China gradually moves forward with a new round of reform... https://www.scmp.com/comment/insight-opinion/article/1342716/new-silk-road-starts-xian?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1342716/new-silk-road-starts-xian?utm_source=rss_feed Tue, 29 Oct 2013 10:45:45 +0000 These days, the phrase "anti-corruption" is perhaps among the most common to be found in the Chinese media, and it echoes through all levels of public discussion. The GlaxoSmithKline bribery scandal has created panic among some multinational executives in China, particularly within the pharmaceutical industry. A number of government officials at various levels, as well as senior managers of state-owned enterprises, have been greatly concerned too, fearful that they might be next in line as top... https://www.scmp.com/comment/insight-opinion/article/1315284/chinas-crackdown-corruption-communist-partys-new-long-march?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1315284/chinas-crackdown-corruption-communist-partys-new-long-march?utm_source=rss_feed Sun, 22 Sep 2013 16:00:00 +0000 'Short-term problems will neither hold up nor distort China's sustainable development' Each time China's economy faces difficulties, talk of a collapse tends to surface. Some voices are driven by concerns about their investments; some are looking for speculative opportunities; others might just be following the trend, unable to draw their own conclusions. In any case, it's always necessary to think critically and deeply when absorbing new information, regardless of how authoritative the source... https://www.scmp.com/comment/insight-opinion/article/1288530/china-crash-making?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1288530/china-crash-making?utm_source=rss_feed Mon, 22 Jul 2013 16:00:00 +0000 The world couldn't hide its disappointment when China's first-quarter GDP growth dropped to 7.7 per cent, slightly lower than market expectations. Unfortunately, this might just be the start; worse news could be just around the corner. Indeed, there are a number of reasons why the Chinese economy faces a downturn over the next few years. So, just how bad can it get? First, the current leadership transition is an issue. It is clear the new Chinese leaders will introduce many changes, because they... https://www.scmp.com/comment/insight-opinion/article/1246652/chinas-economy-faces-rough-ride-next-few-years?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1246652/chinas-economy-faces-rough-ride-next-few-years?utm_source=rss_feed Sun, 26 May 2013 16:00:00 +0000 CNOOC's acquisition of Nexen is being watched closely, given that it is China's largest overseas investment acquisition to date. How the China National Offshore Oil Corporation integrates and manages Nexen will provide a noteworthy example for major state-owned enterprises to follow in the future. It will also challenge the wisdom, talent and courage of CNOOC's executives. There are many differences between CNOOC and Nexen in corporate hierarchy, employee incentives, and national and corporate... https://www.scmp.com/comment/insight-opinion/article/1154058/cnooc-will-face-serious-challenges-managing-nexen?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1154058/cnooc-will-face-serious-challenges-managing-nexen?utm_source=rss_feed Tue, 19 Feb 2013 16:00:00 +0000 After careful consideration, the Canadian government has finally approved the acquisition of Nexen by the China National Offshore Oil Corporation (CNOOC). The decision, twice delayed because of significant opposition, has cleared some important hurdles for China's largest foreign investment project and for Canada's second-largest foreign acquisition in history. However, because Nexen has exploration and production projects in the Gulf of Mexico, the deal also requires US approval. That may be a... https://www.scmp.com/comment/insight-opinion/article/1105502/cnooc-nexen-deal-opens-canadian-investment-door?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1105502/cnooc-nexen-deal-opens-canadian-investment-door?utm_source=rss_feed Fri, 14 Dec 2012 16:00:00 +0000 On June 1, direct trading began between the renminbi and the Japanese yen, a step which will play a significant role in the process of China's monetary internationalisation. However, the recent Sino-Japanese dispute over the Diaoyu Islands has affected economic and financial co-operation between these two countries, as well as the process for renminbi internationalisation. Therefore, it has become necessary for China to seek direct exchanges between the renminbi and other major currencies. This... https://www.scmp.com/comment/insight-opinion/article/1066539/diaoyus-fallout-sees-china-refocus-rmb-push-australia-canada?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1066539/diaoyus-fallout-sees-china-refocus-rmb-push-australia-canada?utm_source=rss_feed Sun, 21 Oct 2012 16:00:00 +0000 The Chinese economy is in decline, the stock market remains in a downturn, the property market faces strict macro controls, and the purchasing managers' index for August has fallen to a new nine-month low, all of which is causing widespread concern. Many people at home and abroad have started to worry about China's economic prospects. For example, there is heated debate over whether China will suffer a "hard" or "soft" landing. I would echo the comments of Stephen Roach, the former chairman of... https://www.scmp.com/comment/insight-opinion/article/1038443/brighter-days-ahead-chinas-economy?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1038443/brighter-days-ahead-chinas-economy?utm_source=rss_feed Sun, 16 Sep 2012 16:00:00 +0000 China National Offshore Oil Corp announced last month that it was proposing to buy Canada-based Nexen in a US$15 billion deal. This caused quite a stir in Canada, with the domestic mainstream media reporting it widely. By contrast, the response of the Chinese media and public appears rather muted. Perhaps the Chinese have become insensitive to the ambition of their rich and powerful state-owned enterprises to conquer the world, or perhaps the torrential rains in Beijing the previous weekend... https://www.scmp.com/article/1008419/trade-lubricant?utm_source=rss_feed https://www.scmp.com/article/1008419/trade-lubricant?utm_source=rss_feed Thu, 02 Aug 2012 16:00:00 +0000