Long-term Mechanism for Supply and Demand to Stabilize the Property Market
Author: Fan Gang, President, CDI
Editor’s Note: The 15th "China Reform Forum" was hosted by the China Society of Economic Reform in Beijing on December 2, 2017. The theme of the forum was "to learn from and implement the spirit of the 19th CPC Congress, study and make breakthroughs in the reform of key areas". Professor Fan systematically analyzed the necessity of the property long-term mechanism…
Financing the Development of the Belt and Road: Key Challenges
Author: Wang Jianye, Managing Director, Silk Road Fund; Professor of Economics and Director of the Volatility Institute at NYU Shanghai; recently has been selected as Rotating Secretary General of the International Working Group on Export Credits (2020-2023).
Editor’s Note: At the Belt and Road: Seize the Next Wave of Growth in Eurasia forum on November 23 in Venice jointly held by China…
Belt and Road: The Economic Rationale
Author: Fan Gang, President, CDI
Editor’s Note: At the Belt and Road: Seize the Next Wave of Growth in Eurasia forum on November 23 in Venice jointly held by China Development Institute and The European House – Ambrosetti, Professor Fan talked on the economic rationale of Belt and Road. Here are excerpts from his speech:
There are lots of questions about how China will benefit from the Belt and…
Experience of London Financial Centre
Author: Mark Yeandle, Associate Director, Z/Yen Group Limited
Editor’s Note: At the China Industrial Finance Forum 2017 on November 17 in Jinan held by CDI, Mr. Mark Yeandle shared his views on the experience of London financial centre. Here are excerpts from his speech:
Firstly, was the city of London constructed or did it grow? What keeps it as an important center? Secondly, is there any…
Experience of the German Economy
Author: Peter Bofinger, Professor for Monetary and International Economics, Würzburg University, and a Member of the German Council of Economic Experts
Editor’s Note: At the China Industrial Finance Forum 2017 on November 17 in Jinan, Professor Peter Bofinger shared his views on the successful experience of the German Economy. Here are excerpts from his speech:
Germany is among the top ten…
China’s Internet Finance: Risks and Regulation
Author: Fan Gang, President, CDI
Editor’s Note: Internet finance, while injecting new vitality into economic development, has also brought with it inevitable risks, which calls for new models of internet finance regulation.
Online shopping, internet finance and telecommunication technologies have brought various benefits to the Chinese economy, such as fueling the development of the manufacturing…
Shenzhen to Build a New Regional Innovation System
Author: Guo Wanda, Executive Vice President, CDI
Editor’s Note: In the Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen has a unique advantage of innovation. Shenzhen shall give a leading role to innovation and strive to build a new regional innovation system.
Shenzhen is a metropolis featured with openness and innovation. Shenzhen is home to a large number of highly competitive private…
China’s Economy Promises Bright Prospect in the New Era
Author: Fan Gang, President, CDI
Editor’s Note: China still has huge potential for economic growth, as the domestic supply side reform and growth in consumption further promote the development of China’s economy. Enterprises will also meet new opportunities in the period of economic transformation.
During the period from 2011 to 2016, China faced rather strong downward pressure on its economy.…
Shenzhen Development Approach in New Era after 19th CPC National Congress
Editor’s Note: CDI experts gave suggestions to the development approach for Shenzhen after the 19th CPC National Congress.
Housing Should Be for Living in, not for Speculation
Land shall be used for housing construction. To solve the housing problem, we should trace back to the factor of land. What Shenzhen needs is a residential land supply regime instead of improved housing construction…
China 's Urbanization and Consumption Transformation
Author: Fan Gang, President, CDI
Editor’s Note: China’s low levels of consumption can be partly explained by the fact that consumption accounts for a rather small share of income, with China’s current household spending representing only 40% of GDP and the combined spending of government and consumers accounting for only 55% of GDP, and partly by high savings rate. In 2007, the national savings…
Hong Kong Financing Platform Facilitates Overseas Economic and Trade Cooperation Zones
Author: Qu Jian, Vice President, CDI
Editor’s Note: Overseas economic and trade cooperation zones have become important vehicles and platforms for Chinese mainland companies investing oversea and building relationship with foreign partners. Hong Kong's strength as an international finance center with an open market in the scope of specialized services, from financial investment to logistics and…
Groundless Claim: Too Much Money Leads to Skyrocketing House Prices in First Tier Cities
Author: Fan Gang, President, CDI
Editor’s note: Since 2015, house prices in the first-tier cities are insanely increasing while they are cooling down in second- and third-tier cities. The main reason is that the current urban development strategy is inconsistent with population migration. The government restricts the supply of land resources, thus affecting the supply in the real estate market.…
Hong Kong's Positioning in Belt and Road Initiative
Author: Guo Wanda, Executive Vice President, CDI
Editor’s Note: The Belt and Road Initiative has marched from a concept to the phase of accelerated implementation. The key of Belt and Road construction is policy coordination, facilities connectivity, unimpeded trade, financial integration, and people-to-people bond. It is a major international project involving land, technology, funds, talents,…
Two Competitors to Survive in Bike Sharing Capital Battles
Author: Cao Zhongxiong, Executive Director, New Economy Research Department
Editor’s note: Despite fierce industrial competition, various funds are still scrambling to occupy the sharing bike market, indicating the industry still has considerable potential for development. But in the future, the platforms will inevitably face reshuffle. Mobike and ofo might be left as the final two major…
Positioning of Shenzhen in the Guangdong-Hong Kong-Macao Bay Area
Author: Guo Wanda, Executive Vice President, CDI
Editor’s Note: In the midst of the major historic opportunity presented by the establishment of the Guangdong-Hong Kong-Macao Bay Area, Shenzhen should strive to carry out development concept featuring openness, coordination, innovation and low-carbon economy, and actively integrate into the greater Bay Area.
As one of China's earliest and most…
Challenges, Positioning and Development of the Guangdong-Hong Kong-Macao Bay Area
Author：Zheng Yujie, Director, Information and Communications Department
Editor's Note：The signing of the Framework Agreement for Deepening Guangdong-Hong Kong-Macao Cooperation and Promoting the Development of the Bay Area on July 1, 2017 clarified the direction for Guangdong, Hong Kong and Macao to forge an internationally top-notch Bay Area and world-class city cluster. The challenges and…
Promoting Hong Kong’s Economy by Integrating into the Guangdong-Hong Kong-Macao Bay Area
Author: Yang Qiurong, Research Fellow, Center for Hong Kong and Macao Studies
Editor’s Note: Integrating into the Guangdong-Hong Kong-Macao Bay Area and deepening the cooperation with other cities in the Bay Area will boost Hong Kong’s economy.
City clusters are a critical platform enhancing the national competitiveness and regional influence. New York, Tokyo and London are influential cities in…
Southeast Asia’s Vital Role in Hong Kong's Participation in the “Belt and Road” Initiative
Author: Xie Laifeng, Research Assistant, Center for Hong Kong and Macao Studies
Editor’s Note: Hong Kong has always maintained strong investment and trade relations with the countries of Southeast Asia. Thus, the region is paramount to Hong Kong's participation in the “Belt and Road” initiative. Hong Kong should therefore maximize its inherent advantages and deepen its cooperation with Southeast…
What is the Root of High Housing Price?
Author: Fan Gang, President, CDI
Editor’s Note: Although the real estate market has gone through a tortuous development process, there still remains a huge potential. So how can the real estate industry realize sound development?
Why is there high housing price? Because there is high price of land auction and the land price is derived from the real estate price. The expected housing price in the…
New Amber Route in Northern Europe
Author: Zhang Guoping, Postdoctoral Researcher, CDI
Editor’s Note: The proposal of the Amber Route has clearly defined the potential of complementary industries in the future between China and the Nordic countries, and will expand and deepen economic and trade cooperation between China and the Nordic and Arctic region.
Arctic region has weak infrastructure but the enormous potential needs. The…
"Belt and Road" Opens Golden Age of Sino-British Cooperation
Author: Zhang Guoping, Postdoctoral Researcher, CDI
Editor’s Note: Britain's participation in the "Belt and Road" Initiative is an important opportunity to open the Chinese domestic market and third country markets. China and Britain are highly complementary in trade structure. By strengthening the docking of development strategies, and promoting mutually beneficial cooperation in trade,…
Stronger Product and Service Alignment Crucial to Promoting China-Belarus Cooperation
Author: Wang Guowen, Director, Department of Logistics and Supply Chain Management, Zhang Yiju, Research Associate, Department of Logistics and Supply Chain Management
Editor’s Note: The mutual recognition and alignment of the standards for product and services at national strategic level and in the form of bilateral agreements is crucial to ensuring successful construction, implementation and…
Improve Business Environment to Facilitate the Development of Sri Lanka-China Industrial Zone
Author: Yu Zongliang, Research Assistant, Department of Regional Development Planning, CDI
Editor’s Note: China is Sri Lanka’s largest trading partner and the most important investor. The Sri Lanka-China Industrial Zone will become an important platform for Chinese enterprises going global as well as the industrial capacity cooperation between the two countries. However, the business environment…
Positive Trends in Trade and Investment Cooperation between China and Pacific Islands
Author: Hu Zhenyu, Director, Department of Sustainable Development and Maritime Economy, CDI, Zhou Yuyi, Research Associate, Department of Sustainable Development and Maritime Economy, CDI
Editor’s Note: The Pacific Island countries are faced with significant environment pressure and pressing needs for development at present. While growth in global trade has slowed down, development in trading…
International Industrial Transfer: Sino-African Cooperation
Author: Huang Rui, Postdoctoral Researcher, CDI
Editor’s Note: With the concept of mutual benefit and win-win cooperation in the "Belt and Road" initiative, the cooperation between China and Africa in production capacity and equipment manufacturing has developed rapidly following the rules of market. Meanwhile, it has also improved Africa's infrastructure and industrial systems.
Since the…
China’s Experiences in Special Economic Zones Boost the Economic Transformation in the Middle East
Author: Zeng Manyuan, Research Assistant, Department of Regional Development Planning, CDI Wang Zhen, Research Associate, Department of Regional Development Planning, CDI
Editor’s Note: Countries along the "Belt and Road" in the Middle East regards the establishment of special economic zones as a viable path to mitigating troubles in the petroleum sector and realizing economic transformation. The…
On Recent Hot Topics of Macro Economy
Author: Fan Gang, President of CDI
Editor’s Note: Professor Fan Gang had a television exclusive interview with CBN on a series of macroeconomic issues including global market, monetary policy, and foreign exchange rate. Following are edited excerpts from the interview:
“Loose monetary policy cannot be used to control financial risks.”
Bursting credit risks have triggered heated debates since…
Trade policy under the Trump administration
Author: Stephen Olson, special contribution to CDI. Research Fellow at the Hinrich Foundation
Editor’s Note: There are four main issues regarding trade policy and the Trump administration to address: process and power, the key people on the Trump trade team and their perspective, recent policy developments and likely scenarios.
There are four main issues regarding trade policy and the Trump…
The Future Trend of Xiongan New Area
Author: Song Ding, Senior Research Fellow of CDI
Editor’s Note: There are several issues to be considered as for Xiongan New Area which is aimed at accepting non-capital functions from Beijing, exploring a new model of optimized development in densely-populated areas, and restructuring the urban layout in the Beijing-Tianjin-Hebei region.
The Establishment of Xiongan New Area is expected to help…
China’s Economic Growth and Internet Consumer Finance
Author: Fan Gang, President of CDI
Editor’s Note: China’s economy has seen strong performance in the first quarter but still needs a few years for consolidation due to overcapacity and other problems caused by an overheated economy in the past. After that, China’s economy shall enter into a new round of growth, hopefully within the proper range of 7%-8%. China’s economic growth still has a long…
China's Economic Fluctuations and Structural Changes in 2017
Author: Fan Gang, President of CDI
Editor’s Note: The economic downturn in recent years are cyclical fluctuations which are resulted from overheated economy and investment. Besides, the functional and economic significance of the consolidation period of soft landing should not be underestimated. In addition, material consumption is far from over and investment should aim at new consumption…
Treating Economic Sub-Health Conditions
Author: Fan Gang, President of CDI
Editor’s Note: at Session 24 Global Economy: Moving Beyond Sub-Health, Fan Gang said that high economic growth rate is unhealthy and China would like to lower its foreign reserves gradually.
High economic growth is not necessarily healthy as China currently deals with the consequences of overheated economy in the past. China's central bank is also reluctant to…
Labor Market Reform in the Internet Era
Author: Fan Gang, President of CDI
Editor’s Note: at Session 28 Labor Market Reform: Tough, but a Must-Do during the Boao Forum for Asia Annual Conference 2017, Fan Gang said that freelancers who have emerged with the development of the Internet should be covered by social security system so that they could gain the social recognition and a sense of belonging to the society.
With the development…
Guangdong-Hong Kong-Macao Bay Area and China’s Opening-up
Author: Guo Wanda, Executive Vice President of CDI
Editor’s Note: Guangdong-Hong Kong-Macao Bay Area, a metropolitan area featured with vitality, technology and innovation, emphasized by Premier Li Keqiang in the Report on the Work of the Government 2017, implies greater opening-up of China.
The world is now experiencing de-globalization. Yet China is stepping up opening-up to the outside world.…
Decline in China's Foreign Reserves Is Good News
Author: Fan Gang, President of CDI
Editor’s Note: “The decline in China's foreign reserves is good news in the long-run,” said Prof. Fan Gang, the President of CDI, in an interview with Bloomberg Television in Shanghai on January 9, 2017.
The decline in China's foreign reserves is good news in the long-run,” said Prof. Fan Gang, the President of CDI, in an interview with Bloomberg Television in…
