Trump’s Anti-globalization Met with One Aye and Three Nays
Author: Peng Jian, Director of Department of Regional Development and Planning
Editor’s Note: A hawkish transition team determined to reshape global economic and trade landscape was formed upon Trump taking office. Trade war of "anti-globalization" was launched with China as the main target. The "anti-globalization" Trump’s team pushes for will face an unfavorable situation with one vote in favor…
Housing Supply and Demand in Big and Small Cities: Why the Difference?
Author: Fan Gang, President of CDI
Editor’s Note: The latest upsurge in land price and housing price revealed an important policy reason that it is the urbanization strategy that has caused polarization in cities. It is crucial to follow the law of population migration and urbanization to free up more land for the development in big cities.
The latest upsurge in land price and housing price…
Appreciation of US Dollar Should Not Be Interpreted as Devaluation of RMB
Author: Fan Gang, President of CDI
Editor’s Note: The recent change in yuan’s exchange rate against the US dollar is not the result of the devaluation of renminbi but the appreciation of the dollar. Why has renminbi “depreciated” recently?
The recent change in yuan’s exchange rate against the US dollar is not the result of the devaluation of renminbi but the appreciation of the dollar. The…
If Hinckley Point C Comes, Can Bradwell Be far behind?
Author: Zheng Yujie, Director of Information and Communications Department
Editor’s Note: On September 15, 2016, the Hinkley Point C nuclear power project was finally approved by the British government. This is an important step for China's nuclear power enterprises to enter the developed countries’ markets. Yet for China's nuclear power, the real significance lies with the Bradwell nuclear power…
How are the BRICS countries in 2016?
Author: Zheng Yujie, Director of Information and Communications Department, Zheng Xin, Research Fellow of Department of Urbanization
Editor’s Note: The 8th BRICS Summit, themed on “Building Responsive, Inclusive and Collective Solutions”, was held in Goa, India from October 15 to 16, 2016. President Xi Jinping’s proposal of common and innovative growth mode for the cooperation between BRICS…
China's Financial Centers on a Rapid Rise
Author: Fan Gang, President of CDI
Editor’s Note: On the occasion of GFCI 20 launch, Prof. Fan Gang, President of CDI, said that capital account liberalization is most needed to further enhance the overall competitiveness of China's financial centers in an exclusive interview with CBN.
Capital account liberalization is most needed to further enhance the overall competitiveness of China’s…
Yuan Should Weaken as Dollar Set to Strengthen
Author: Fan Gang, President of CDI
Editor’s Note: A gradual devaluation of the yuan should be allowed as the U.S. dollar is set to strengthen, and moves to loosen the nation’s capital borders should continue despite outflows.
In a Bloomberg Television interview on the decrease of China’s foreign-exchange reserves and the yuan devaluation, Prof. Fan Gang said a gradual devaluation of the yuan…
On G20 Hangzhou Summit: Dealing with Trade Protectionism
Author: Fan Gang, President of CDI
Editor’s Note: “We are in the same boat against the currents”, which means that global joint efforts should be made to fight against difficulties of economic growth. China delivered a strong message to the world that it is determined to navigate the course of world economic recovery.
In a CCTV studio interview about “G20 Summit Opens” on September 4, prof. Fan…
Shenzhen-Hong Kong Stock Connect to Unleash Potential
Author: Yu Lingqu, Research Fellow at Department of Finance Industry
Editor’s Note: Shenzhen-Hong Kong Stock Connect marks steady progress toward building a law-regulated and internationalized capital market. It is expected to unleash great potentials.
“The basic preparation for the Shenzhen-Hong Kong Stock Connect has been completed and the State Council has approved the implementation plan for…
It Is Time to Rethink China's Urbanization Model
Author: Fan Gang, President of CDI
Editor’s Note: It is not necessary to work against the laws of urbanization. China should instead embrace the possibility that several city clusters with populations of dozens of millions, or even over 100 million, may arise.
At the 2016 Boao Real Estate Forum, Prof. Fan Gang, President of CDI said that for many years China's urbanization model has been limiting…
“Urban Villages” Is a Must
Author: Fan Gang, President of CDI
Editor’s Note: The most valuable thing of urban villages is that they provide cheap housing and living conditions for low income earners in China. The low rent in urban villages not only ensures that there is sufficient and low-cost labor supply in the city, but also actually reduces the living cost and inflation rate in the city.
Urban villages and old towns…
CDI Opinions on the Two Sessions: Fiscal Reform
Author: Fan Gang, President of CDI
Guo Wanda, Executive Vice President of CDI
Qu Jian Vice President of CDI
Editor's note: the year 2016 is the first year for the implementation of the “13th Five-Year Plan” as well as the first year for the decisive stage of building a moderately prosperous society in all respects. According to the general plan, the main work and tasks of deepening the reform of…
On Two Overheatings of China’s Economy
Author: Fan Gang, President of CDI
Editor’s Note: Because of the two overheatings, we have to take time handling the after-effects. If we continue reform and prevent an overheated economy, it is entirely possible that we can maintain a sound economic growth in ten to twenty years.
If we draw a trend chart for China’s economy in the past ten years, we will get two wave crests, which are “two…
How to Build a Regional Scientific and Technological Innovation System
Author: Zhang Yuge, Director of Center for Hong Kong and Macao
Editor's note: Integrating resources is a very important reason for the success of DJI. An open regional scientific and technological innovation system should be established to promote Shenzhen-Hong Kong cooperation. In what ways can Hong Kong and Shenzhen cooperate?
Two years ago, DJI was in the spotlight. Hong Kong has absolute…
What is Supply-Side Reform?
Author: Fan Gang, President of CDI
Editor’s Note: Supply-side structural reform focuses on the “elimination of excess capacity”. In a broad sense, this means de-stocking, de-leveraging and cost reduction. It is a long-term issue which requires in-depth institutional planning and long-term adjustment.
What is supply-side reform? To put it simply, the supply side is the opposite of the demand side.…
To Eliminate Excess Capacity
Author: Hu Caimei, Deputy Director of Department of Finance Industry
Editor’s Note: Excess capacity is a symptom of imbalanced supply and demand. The re-balance of supply and demand can be realized by transforming and upgrading traditional industries, developing emerging industries, using new factors to form new productivity.
Recently, both traditional industries and emerging industries…
Migrant Workers Becoming Citizens to Boost Chinese Economic Restructuring
Author: Zheng Xin, Research Fellow of Department of Urbanization
Editor’s Note: The citizen-oriented development of migrant workers will increase their consumption in cities and stimulate economic growth.
In 2015, the permanent urban population in China reached 770 million, with an urbanization rate standing at 56.1%. Urbanization is still an important driving force for Chinese economic growth.
…
Which Fields Inspire Confidence in China's Future Growth?
Author: Liu Guohong, Director of Department of Finance Industry
Editor’s Note: The downward trend of Chinese economic growth will to some extent help to break the vested interest in reform and opening-up, thereby laying the foundation for sustainable economic growth of China in the “New Normal”.
Since 2011, China's annual growth rate has fallen from a 2-digit number to about 7%. It is true that…
China Kicking Off New Forces of Economic Growth
Author: Zhou Junmin, Senior Research Fellow
Editor’s Note: As China’s economy steps into the “New Normal”, the growth forces should shift into a stage characterized by advanced forms, a complex labor division and a rational structure.
In 2015, the GDP of China reached RMB 67.57 trillion, growing by 6.9% with per capita GDP exceeding RMB 49,000. Although the GDP growth rate was low, it was still…
Supply-Side Structural Reform and the Orientation of Monetary Policies
Author: Fan Gang, President of CDI
Editor’s Note: To further reform the Chinese forex system, we should not resume the system of being pegged to the USD that China adopted in the past. Instead, the RMB should be related to the currencies of a variety of nations.
At present, supply-side structural reform in China is becoming increasingly important and urgent. Some believe it is imperative to make…
