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World economy 20th November 2014

China-U.S. Investment Treaty Would Strengthen Economic Relations

BEIJING | By Sean Miner via Caixin | The United States and China disagree on many issues but especially in the foreign policy sphere, and there are few reasons the two economic heavyweights will become closer in the next few years. Among the few areas that could bring them closer could be increased bilateral investment. With the recent “breakthrough” between China and the United States in the negotiations on the Information Technology Agreement, the prospects for a bilateral investment treaty (BIT) between them have been improved.

china landing

World economy 15th November 2014

China: How a soft landing feels

BEIJING | By Michael Gavin (Barclays) | There are many reasons to be interested in the slowdown of the Chinese economy. Here, we focus on the potential implications for advanced manufacturing economies. They are not the ones with the most to lose in a slowdown; that distinction very likely belongs to commodity exporters. But China’s systemic significance is such that no economy is likely to remain utterly unscathed by a cyclical event there. The question is how scathed major economies will be, and the answer is of some considerable interest for investors, if only because they comprise such a large share of the world’s financial assets.

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World economy 7th November 2014

Progress in fiscal reform is key to transforming China

BEIJING | Via Caixin | Changes to China’s tax and fiscal framework have become the vanguard for the “deep and comprehensive” reforms the country has pledged in an effort to overhaul its economy and society. On June 30, the Communist Party’s top leaders endorsed a slate of tax and fiscal reform measures to be put in place by 2016, so a modern tax system could be up and running by 2020. In August, the National People’s Congress Standing Committee adopted the revised Budget Law.

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World economy 30th October 2014

China’s growing private sector

By Richard N. Cooper via Caixin | There is a widespread impression both inside China and out that after the vigorous economic reforms of the 1980s and 1990s, moving away from central planning and state control to greater emphasis on markets, the reform process stopped, or even reversed, during the 2002-2012 period. This view was perhaps reinforced by the emphasis in the third plenum of the Communist Party’s 18th Central Committee in November 2013 on the need to move further toward less guidance from the state and greater reliance on market prices to allocate resources.