China’s future arguably is the most consequential question in global affairs. Having enjoyed unprecedented levels of growth, China is at a critical juncture in the development of its economy, society, polity, national security, and international relations. The direction the nation takes at this turning point will determine whether it stalls or continues to develop and prosper.
Recently Zhou Xiaochuan, Governor of the People’s Bank of China (PBOC), China’s central bank, had an interview with Caixin and talked about the yuan exchange rate regime reform, macro-prudential policy framework, digital currency, and other...
Large national transformations are more often the product of historical forces than the writ of one powerful leader.
The word “innovation” was mentioned 71 times in a communiqué after the Chinese Communist Party’s recent plenary meeting.
Activist detentions follow a growth in discontent among workers affected by China's stalling economy.
I GOT together at a restaurant the other night with some Chinese and expatriate friends.
The rise in diabetes in China could bankrupt the country’
China will accelerate reforms to remove internal barriers to both foreign and domestic trade.
Two fictitious Chinese brothers are born in Tuanjiehu Maternity Hospital in the Chinese capital of Beijing. Let’s say the first was born already, in late 2015; his parents nickname him Laoda, meaning “oldest child.” That’...
For decades, China has been engaged in a building boom of a scale that is hard to wrap your mind around.
Economists will be watching to see whether it sets ambitious or moderate growth targets.
China’s goal of a “moderately prosperous society” refers to policy makers’ plan to double per-capita income by 2020 from 2010 levels.
China's transformation from an agrarian economy remains a work in progress.
China has crossed another economic threshold.
A series of investigations into apparent market violations emerged after the recent stock market turmoil, bringing down Zhang Yujun, an assistant chairman at the China Securities Regulatory Commission (CSRC); Cheng Boming, general...
Shift in Treasury holdings is latest symptom of emerging-market slowdown hitting global economy.
The days of China’s relying on export manufacturing and infrastructure construction as drivers of economic growth are gone.
Meritocracy has worked for Beijing, but to survive, the system needs more openness.
China's economy is resilient and has the capacity to maintain a long-term medium-to-high growth rate.
A slowdown in China is harder for its trading partners and manufacturing competitors than it is for China itself.
China’s growth remained at 7% in the second quarter, a level economists had thought would be hard to reach amid broad signs that Beijing’s policies to jump-start the economy hadn’t taken hold.
We have enough favorite writers on China that we’ve had to develop a sophisticated classification system just to keep track of everyone. That said, one of our hardest to place within the long-form taxonomy is Chris Beam, who you may have heard on...
China may face a staggering challenge as it attempts to adapt to the realities of a new age.
China has grown rapidly—often at double-digit rates—for more than three decades by following a strategy of high investment, strong export orientation, and energy-intensive manufacturing. While this growth lifted hundreds of millions out of...
The central bank cut the benchmark interest rate a third time in six months.
Speaking at Asia Society New York on April 13 with New Yorker correspondent Evan Osnos, former U.S. Treasury Secretary Henry Paulson explained that it’s...
He preached ‘Asian values’ and turned a tiny, poor city-state into an astonishing economic success. Is Lee’s ‘Singapore model’ the future of Asia?
Many thought China’s rise would fundamentally remake the global order. Yet, much like other developing nations, the Chinese state now finds itself entrenched in a status quo characterized by free trade and American domination. Through a cutting-edge historical, sociological, and political analysis, Ho-fung Hung exposes the competing interests and economic realities that temper the dream of Chinese supremacy—forces that are stymieing growth throughout the global South.
The growth target is lower than the 7.4-percent economic growth in 2014, its weakest annual expansion since 1990.
Last week, President Obama’s State of the Union Address touted a U.S. economic recovery....
The economy increased by 7.3 percent in the last quarter of 2014 and 7.4 percent for the full year, the country’s National Bureau of Statistics said Tuesday. While many countries would welcome such growth, the rate fell short of the government’s...
Few foreigners know China as intimately as Anne Stevenson-Yang does. She has spent the bulk of her professional life there since first arriving in 1985, working as a journalist, magazine publisher, and software executive, with stints in between...
Global car makers sounded new warnings that demand in China, the auto market’s strongest growth engine in recent years, is cooling further and clouding prospects after several reported disappointing October sales in the country.
As recently as the fourth quarter of 2013, there were few detractors from an optimistic assessment of China’s prospects to achieve a “soft landing” and continue to enjoy relatively stable growth in the 7 to 8 percent range for the next 10 years...
Leadership may have to sacrifice reform agenda to maintain 7.5% economic-growth target.
With economy faring worse than thought, efforts to reform are colliding with the need to boost growth.
A dream, in the truest sense, is a solo act. It can’t be created by committee or replicated en masse. Try as you might, you can’t compel your neighbor to conjure up the reverie that you envision. And therein lies the latent,...
China’s economy is struggling to find equilibrium, data released Friday shows, with government stimulus measures gaining traction last month while the vital housing market continues its swoon.
China had 2,378,000 millionaire households in 2013, a rise of 82% from the previous year and almost double the 1,240,000 millionaire households in Japan, according to the Boston Consulting Group Global Wealth 2014 report ...
Sales in the world's biggest auto market accelerated in May but domestic Chinese brands lagged and their market share shrank, an industry group reported Tuesday.
In the quarter-century since the crackdown in Beijing's Tiananmen Square, China's economy has thrived and presented the world with an historic milestone. But at what cost to its people?
In recent years, an upbeat note on the Chinese economy has been hard to find. Step forward Nomura, which on June 3 raised its GDP forecast for the second quarter from 7.1% to 7.4% and its full year forecast from 7.4% to 7.5%.
This year, China will very likely overtake the U.S. as the world’s largest economy. It has certainly become wealthy. But it has also become less free.
Twenty-first century rivalry between the United States and China will be as much about economic might as military power.
The U.S.-based World Bank grabbed everybody’s attention by announcing that China was poised to displace the United States as the world’s largest economy based on purchasing power. But a survey of the Chinese web shows people at home aren’t buying...
India’s decentralized, often chaotic economic model has been seen as inferior to China’s authoritarian, top-down model. A reappraisal of that view may soon be in order.
On April 30, data released by the United Nations International Comparison Program showed China’s estimated 2011 purchasing power parity (PPP) exchange rate was twenty percent higher than...
The quality of growth in China's economy is questionable, which becomes evident when comparing it with Japan, analysts at Standard & Poors pointed out in a note.
Nobel Prize-winning economist A. Michael Spence argues that the Chinese must move beyond low-wage exports and “generate a fair amount of demand domestically, or they’ll fail.”
“The China growth story is going to be the story of the next 30-40 years,” Blankfein said in an interview with Bloomberg Television.
Most of the local governments that have announced their GDP targets for this year aimed lower than they did in 2013, citing the need to rebalance the economy and improve the quality of growth. Many missed their growth targets last year.
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Richard Madsen is one of the modern-day founders of the study of Chinese religion. A professor at the University of California San Diego, the seventy-three-year-old’s works include Morality and Power in a Chinese Village, China and...
A growth model dependant on financial repression of the household sector has run out of steam.
Last November, China’s newly installed leader, Xi Jinping, asked his fellow Chinese to help realize a “Chinese dream” of national rejuvenation. In the months since then, his talk has been seen as a marker in the new leadership’s thinking,...
