Date: October 20, 2024

During the first three quarters of 2024, a slowdown in overseas demand and increasing uncertainties contributed to a deceleration in year-on-year export growth compared to the first half of the year. Nonetheless, exports continued to drive the development of related industries within the industrial supply chain. The demand and investment in manufacturing were bolstered by policies encouraging large-scale equipment renewals and consumer trade-ins for new products. Additionally, the pace of implementation of infrastructure project reserves increased. Despite existing…

Date: August 20, 2024

Export growth recovered in August, and policy support bolstered manufacturing investment. However, growth in infrastructure investment and physical work volume were supressed. As real estate policies have been implemented, more measures are expected to boost market confidence. Consumer spending growth has slowed, with industrial and consumer goods prices remaining low. Public budget revenues and monthly consumption in top-tier cities fell, the decline in M1 money supply widened, and urban surveyed unemployment rates rose beyond seasonal patterns—all pointing to…

Date: August 20, 2024

In July, export growth slowed compared to the previous month amid global manufacturing volatility and increasing international uncertainties. Local infrastructure development remained sluggish, and the real estate sector continued to struggle. Although consumer spending saw a modest increase, its sustainability remains uncertain. Industrial product prices continued to fall and consumer prices stayed low. These challenges were further underscored by negative growth in public budget revenue, lower monthly consumption in first-tier cities, and a decrease in M1 money…

Date: Jul 20, 2024

In the first half of 2024, export growth accelerated due to global manufacturing recovery, and consumer goods sales remained steady thanks to supportive policies and other factors. However, the sustained decline in industrial product prices and the persistently low consumer prices suggest that demand remains relatively weak. The real estate market remains sluggish, overall societal expectations are still low, and businesses are under significant operational pressure. To turn the tide, it's crucial for policies to be significantly ramped up as soon as possible to improve…

Date: Apr 20, 2024

In the first quarter of 2024, the economy improved overall due to the combined effect of recovering external demand, the sustained impact of earlier policies, the timing of the Spring Festival, and changes in base figures. Major macroeconomic indicators remained generally stable, but data for March showed signs of marginal weakening compared to January and February. This weakening is partly due to the base effect but also requires close attention, indicating the need for sustained policy efforts.

Policies, among other factors, have contributed to the overall economic…

Date: November 20, 2023

In October, China's economy may not appear to gain a strong recovery.​ However, a rational look at the situation shows there is some potential amid the current difficulties. Weakness in overseas manufacturing led to a decline in exports, impacting relevant industrial chains. Infrastructure and real estate investments remained weak, while manufacturing investment stayed stable owing to policy support and shifting demands. Supported by holiday promotions and a resurgence in service consumption, overall consumption remained resilient, although certain consumer goods…

Date: Feb 27, 2023

Because of Chinese New Year, the statistics bureau didn’t announce price, financial and PMI data until February. China switched from zero-COVID lockdown to almost no restrictions in December 2022, and by January 2023, normal life had nearly returned. The economy is generally improving, but caution about its sustainability is required.

Manufacturing PMI, the non-manufacturing business index and the composite PMI production index were 50.1%, 54.4%, and 52.9% in January 2023, up 3.1, 12.8, and 10.3 pps from December. All rose to the improvement zone, showing that the…

Date: Jan 29, 2023

GDP grew 3% in 2022. Specifically, China’s economy rose by 2.9% y/y in Q4 2022, down from the 3.9% growth reported in Q3. Many negative factors affected the economy in 2022, including global macroeconomic tightening, the Ukraine crisis, real estate restructuring, the pandemic management policies and so forth. As some of the above factors abated, particularly abolishment of the zero-COVID policy, we expect that, after a turbulent 2022, the economy will be back on track in 2023.

Industrial output grew 3.6% in 2022, down 6 pps from 2021. Investment rose 5.1%, up 0.2 pps,…

Date: June 25, 2024

The 2024 World Green & Sustainability Summit held on June 25, 2024 in Penang Malaysia, organized by World Digital Chamber, World Green Organization, KSI Strategic Institute for Asia Pacific and supported by China Development Institute, convened government leaders, think…

Date: June 24, 2024

On June 24, 2024, in the roundtable on collaboration between universities and think tanks on climate action, green and sustainable development, Prof Fan Gang, President of China Development Institute, underscored that it is critical for the international community to expand…

Date: May 23, 2024

On May 23, 2024, Prof. Simon Tay led Singapore Institute of International Affairs (SIIA) delegation to CDI. Exchange surrounded topics such as new quality production forces, the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), and economic cooperation prospect between ASEAN and…

Date: Mar 26, 2024

On March 26, 2024, New Zealand delegation led by H.E. Ambassador Grahame Morton visited CDI. The visit sparked in-depth discussions on various topics, including economic policies concerning the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), development progress of the GBA,…

Date: Mar 19, 2024

Nature-based solutions (NbS) refers to actions that effectively address social, economic and environmental challenges through the protection, sustainable management and restoration of natural and modified ecosystems. Since the official introduction of NbS by the World Bank in…

Date: Mar 19, 2024

On Mar 19, 2024, Consul General of India to Guangzhou Mr. Shambhu Hakki visited CDI. Discussion focused on China’s macro-economic outlook, Guangdong’s economic development, and Sino-India trade relations. Given the growing trade activities between China and India, research…

Date: Feb 27, 2024

Consul-General of New Zealand in Guangzhou Ms. Rachel Crump visited CDI on February 27, 2024. Discussion surrounded topics such as New Zealand and Guangdong’s trade relation, Shenzhen’s economic development, and the trends of electric vehicles in China. Dr. Guo Wanda, Executive…

Date: Jan 31, 2024

From 21st to 26th Jan 2024, Prof. Fan Gang, President of China Development Institute, was invited by the Government of Hong Kong Special Administrative Region to visit Hong Kong and conduct in-depth exchange with government officials, including Financial Secretary Mr. Paul Chan…

Date: December 4, 2023

China Development Institute jointly held China US Bay Area Cooperation Conference with Bay Area Council Economic Institute and Standford Center on China's Economy and Institutions in San Francisco. Experts at the meeting held that despite the differences between China and…

Date: November 13, 2023

CDI joined hands with the City of London Corporation and the China Chamber of Commerce in the UKin hosting the forum on Sino-British relations and China’s economic outlook on November 13th in the UK. The forum centered on fostering trust and consensus between China and the…

During his visit to China, Dr. György Matolcsy, Governor of the Hungarian National Bank (MNB) and former Minister of National Economy of Hungary, visited CDI on Oct 31, 2023.

Although the global economy has been largely affected by geopolitical tensions and growth slowed, the overall economic…

From Sept 16 to 23, 2023, CDI delegation led by Dr. Guo Wanda, Executive Vice President of CDI, visited Belgium and Hungarian think tanks and financial institutions, including Bruegel, European Policy Centre, EGMONT-Royal Institute of International Relations, KBC Group, Hungarian National Bank,…

UK Foreign, Development and Commonwealth Office delegation led by Chief Economist Professor Adnan Khan visited CDI on May 24, 2023. Dr. Liu Guohong, Vice President of CDI, introduced Shenzhen’s history and development as a Special Economic Zone, and its role in China’s reform and opening-up. The…

The New Zealand China Council delegation led by Mr. John McKinnon visited China on May 12, 2023. Dr. Guo Wanda, Executive Vice President of CDI, introduced the current trends of Guangdong-Hong Kong-Macao Greater Bay Area, as well as Shenzhen’s role in the GBA development. Experts from New Zealand…

Delegation led by Australian Consul-General in Guangzhou Mr. Anthony Aspden visited CDI on Wednesday March 8, 2023. Both sides exchanged views on the latest trend of China's development. Dr. Guo Wanda, Executive Vice President of CDI, provided an overview of the recent economic developments in…

On Feb 24, 2023, Professor Jamie Peck of University of British Columbia, Canada visited CDI. CDI experts introduced the structure and recent developments of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Afterwards, the two parties exchanged views on the GBA, particularly the coordination…

Author: Dr. LI Enhan, Deputy Director of Token Digital Economy Research Center, CDI

Editor’s note: In the wave of global digitalization and intelligence, AI's role in artistic creation is challenging the foundations of copyright law. Questions about the originality of AI works, their copyright ownership, and the criteria for infringement are now at the forefront for legal experts. Against this backdrop, China and the United States, as major global players, are navigating the uncharted waters of AI and copyright with their distinct legal practices likely to shape international norms.

The growth of artificial intelligence (AI) requires a redefinition of traditional copyright concepts,…

Author: Fan Gang, President of CDI and Cao Zhongxiong, Assistant President of CDI.

As a special economic zone and a city blossoming on science and technology, Shenzhen, in South China’s Guangdong Province, is not only an economic front-runner, but also a great “mirror” illustrating China’s quick pace of technology innovation and economic development.

The development of Shenzhen has been subject to questioning on many occasions in the past decades, but the city has always responded by ironing out the doubts through its rapid development in both headwinds and tailwinds.

Shenzhen represents new quality productive forces, new systems, as well as birth of new and creative policies. It is the…

Author: Cao Zhongxiong, Assistant President of CDI.

Despite the challenges posed by the lackluster global economy and an increasingly complex, severe, and uncertain external environment, China’s economy managed to achieve 5.2 percent growth in 2023. This growth contributed over 30 percent to global economic growth, solidifying China’s role as a crucial engine for global economic expansion. China’s economy, which is pushing over risks and challenges, has maintained steady growth in terms of quantity and scale.

In the face of multiple challenges, China successfully exceeded its annual growth target of around 5 percent set by the Government Work Report for 2023, further enhancing its status…

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In March 2007, Z/Yen and the City Of London released the first edition of the Global Financial Centres Index(GFCI), which provides evaluations of competitiveness and rankings for the…

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Shenzhen and Hong Kong are the “Twin Stars” of the Guangdong-Hong Kong-Macao Greater Bay Area. Hong Kong is a highly advanced international financial center, while Shenzhen has…