https://www.scmp.com/rss/502584/feed Perry Wong is managing director of research at the Milken Institute, and co-author of the Milken Institute’s Best-Performing Cities China 2019. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com As China navigates a post-pandemic slump and geopolitical headwinds, the future of its economy looks precarious, especially as the property sector – once deemed the economic backbone – has crumbled. Rushing to rebalance its economic landscape, Beijing has rolled out several stimulus plans to boost market confidence while doubling down on its self-reliant model to create a “dual circulation” economy. Four years in, the global economy remains lacklustre, anticipation of a recession mounts, and... https://www.scmp.com/opinion/china-opinion/article/3281972/chinas-drive-tech-self-sufficiency-already-paying?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3281972/chinas-drive-tech-self-sufficiency-already-paying?utm_source=rss_feed Sun, 13 Oct 2024 12:30:08 +0000 The economic repercussions of the recent pandemic-induced lockdowns in Shanghai and Beijing indicate that China’s over-reliance on its coastal cities could be detrimental to the country’s long-term economic future. To steel itself against future socioeconomic shocks, China is looking to bolster its economic capabilities across as many regions as possible. Steering these efforts is part of its most recent five-year plan, which reveals an increased focus on domestic markets and internal economic... https://www.scmp.com/comment/opinion/article/3183819/why-inland-regions-hold-key-chinas-continued-common-prosperity-push?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3183819/why-inland-regions-hold-key-chinas-continued-common-prosperity-push?utm_source=rss_feed Mon, 04 Jul 2022 08:30:09 +0000 As the US-China trade war grinds into a 15-month saga and the global economy flashes red warning signs, China’s economic growth has slowed to a new low of 6 per cent in the third quarter. This is a rate not seen since 1992, when paramount leader Deng Xiaoping called for deepening reform of the Chinese economy in Shenzhen. The economy opened up to the world and steamed ahead, posting two decades of prosperity. Since then, the economy has weakened, in part because of the government’s supply-side... https://www.scmp.com/comment/opinion/article/3033900/amid-trade-tensions-and-slowing-growth-will-chinas-economic-reforms?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3033900/amid-trade-tensions-and-slowing-growth-will-chinas-economic-reforms?utm_source=rss_feed Wed, 23 Oct 2019 03:00:10 +0000