Financial expert Victor Shih, director of the 21st Century China Center at the University of California San Diego School of Global Policy and Strategy, discusses today’s state of China’s economy at the Centre for Geopolitics with William Hurst, and how it has developed in the 25-year long collaboration between both.Read More →
China has started to push capital into its sluggish economy, but economists have different opinions on what the government wants to achieve. According to Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, its financial measures are more about stabilizing its economy, not about a full-blown stimulus as it did in the past, he says at the ChinaFile.Read More →
While bullish on the Chinese economy in the long run, business analyst Shaun Rein at CNBC says investors should still be trading down today. While the government financial mini-bazooka has revived the equity markets quite well, he adds, it is not enough to get the economy rolling again.Read More →
Despite the hope of the international financial community, China is not heading for structural reforms, says leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, to CNBC. Pushing up demand is not high on the agenda for China’s leadership, he says, and they do not want to push up debts levels to new heights.Read More →
Leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, says most economists are wrong in suggesting China wants to push consumer demand. Fixing stability is key, he says according to MSN.Read More →
Business analyst Shaun Rein, author of The Split: Finding the Opportunities in China’s Economy in the New World Order, explains why China’s mini-bazooka will not help its economy in the long run. People need a serious fiscal stimulus, so they are confident about the economy again, he argues in a talk with David Lin. “People have to feel safe again before they are going to spend the money they made again,” he adds.Read More →
Cashless payments have become mainstream in China, but cash is still valuable and the government supports cash payments, says financial expert Sara Hsu, an associate professor at the University of Tennessee, specializing in supply chain management in the Guardian. A “[recent] directive pushes China’s policy of inclusive finance further to ensure that both elderly Chinese and foreigners can participate in economic transactions,” says Hsu.Read More →
Business analyst Shaun Rein dives deeper into the China economy as consumer confidence in first-tier cities is lower than he has seen in 27 years and the government’s economic targets focus on the next 3-5 years, he tells CNBC. The government is unwilling and unable to rely on stiff financial bazookas as it did in the previous crisis of 2008. Economic growth of 5 percent is enough for the government now, as it wants to diminish the gap between haves and have-nots, he adds.Read More →
China’s consumers are trading down because of deflation, and are looking for cheap prices, says Shanghai-based business analyst Shaun Rein to CNBC. China’s government is unlikely to use financial support for the economy, he adds, as it finds the current growth of 5 percent quite enough, as its priority is dealing with the gap between the haves and have-nots, not at trying to increase that economic growth.Read More →
Xi Jinping has been building up a new government structure and the just-installed Central Financial Commission will be key in making financial decisions for the central government, says political analyst Victor Shih in the Financial Times. The “de facto watchdog, planner, and decision maker for China’s US$61tn financial sector, weakening the power of state institutions such as the People’s Bank of China and China Securities Regulatory Commission.”Read More →
While most of the world is still investigating and trying ways to use a digital currency for their countries, this is more than obvious for China, says fintech expert Sara Hsu in the Raconteur. China is already close to being cashless and many places no longer accept notes and coins. Read More →
China’s central government surprised this week by supporting its economy by a string of measures including cutting interest rates. Financial analyst Ben Cavender expects more action in the coming months, but meanwhile, foreign investors get jibberish and that might offer great opportunities for other economies like India, he adds at CNBC-TV18.Read More →