Global Opportunities from the Urbanization of 1.4 Billion Chinese
Author: Fan Gang, President of CDI
Editor’s Note: China’s central government has made important adjustments to the urbanization strategy, shifting from the strategy to develop small towns to developing large cities. Crucial to building big cities and large city clusters is the integration of transport and public services.
In the past 40 years of reform and opening up, China has experienced the…
Fundamentals Cannot be Ignored in Innovating and Developing the Financial Sector
Author: Fan Gang, President of CDI
Editor’s Note: It is imperative to reexamine fundamental aspects as we innovate the financial sector in order to ensure a bright prospect for its future development and to actually solve current problems.
The further development of China’s financial sector is unstoppable and is also something determined by China’s economic trends. Still, problems such as high…
2018 International Trade Forum: Seeking China’s New Growth Momentum
On December 11, the 2018 International Trade Forum was held in Shenzhen by China Development Institute in collaboration with Shenzhen Association of Enterprises with Foreign Investment among other institutions, where economists, entrepreneurs and government representatives held discussions on the international economic landscape, as well as opportunities and challenges for businesses amidst…
Private Enterprises Incorporated Into SOE Operation Mechanism: an Unfavorable Trend
Author: Fan Gang, President of CDI
Editor’s Note: After acquiring the shares of private enterprises, large state-owned capital tends to operate private enterprises with SOE management mechanisms. This practice undermines economic flexibility.
In recent years, state-owned enterprises have become less energetic. New regulations set up in the national anti-corruption campaign have put SOEs under…
Independent innovation and consumption updating are two key points for China’s long-term economic…
Author: Fan Gang, President of CDI
Editor’s note: In terms of the recent Sino-US trade friction, Prof. Fan Gang thinks that it can be solved, only not with a single agreement, but step by step with multiple negotiations. In the long run, China should strengthen incentive mechanism for technology innovation to better foster independent innovation.
On the current economic situationOver the past…
Prevention and control of financial risk from national and macroeconomic perspective
Author: Fan Gang, President of CDI
Editor’s Note: Prof. Fan Gang gave a speech at the first Summit Forum on Financial Risk Prevention which was held in Shanghai. During which, he analyzed the significance and influence of prevention and control of financial risk from macroscopic perspective
Financial risk and debt risk are very serious problems, which should be approached carefully without…
A New Round of Opening up to Spur China’s Economy
Author: Fan Gang, President of CDI
Editor’s Note: Opening up is in line with China’s fundamental interests. A new round of reform and opening up will certainly create more opportunities for China’s development.
Opening up is in line with China’s fundamental interests. Since 1978, China has achieved rapid economic development by opening up its market and introducing foreign investment. China is…
Collaboration in Guangdong-Hong Kong-Macao Greater Bay Area
Author: Fan Gang, President of CDI
Editor’s Note: The Guangdong-Hong Kong-Macao Greater Bay Area hinges on the concept of metropolitan area and the coordination of different mechanisms. The establishment of the “2+3” free trade area consisting of Nansha, Qianhai, Hengqin, Hong Kong and Macao will promote the development of the Bay Area.
Metropolitan areas provide impetus for China’s urbanization,…
China Shall Actively Respond to Sino-US Trade Frictions
Author: Fan Gang, President of CDI
Editor’s Note: Impelled by the anxieties over China’s economic rise, United States has initiated a series of actions towards China, including the trade war and possibly with investment and intellectual property as targets. China shall actively respond to these actions with long-term development interests in mind.
The current trade frictions between China and the…
Mobike Acquired: Sharing Economy Ends?
Author: Cao Zhongxiong, Executive Director, New Economy Research Department
Overview: Mobike’s acquisition and Didi Chuxing’s dilemma mark that the sharing economy is entering its difficult times. In the future, the mobile transportation platforms need to think about how to make profits; otherwise they are doomed to be merged.
The sharing economy can integrate all kinds of dispersed idle…
Promoting BRI with Spirit of Reform and Opening Up
Author: Hu Zheng, Invited Researcher of CDI, Director of China Merchants Group, and Chief Representative of China Merchants Group in Central Asian and Baltic Region
Editor’s Note: The implementation of the Belt and Road Initiative (BRI) shall be closely combined with the reform and opening up, top-level design, shared development, sustainability. Construction of overseas industrial parks is the…
Globalization Will Not Be Stopped by Trade War
Author: Fan Gang, President of CDI
Editor’s Note: Eventually, China and the United States will need to sit down at the negotiating table to solve trade frictions.
Trump would sooner or later impose trade sanctions on China, but no one had expected such a big move. China’s exports to the United States amounts to over 400 billion U.S. dollars, while Trump is now seeking to impose tariffs on up to…
What Else Can Be Done for Anticancer Drugs Besides Zero Tariffs
Author: Liu Muyun, Invited Researcher of CDI and President of Beike Biotechnology
Editor’s Note: Zero tariffs alone cannot address the root cause of exorbitant prices of imported anticancer drugs and much more should be done to expand market access to quality anticancer drugs.
When he held a news conference at the end of the two sessions, Premier Li Keqiang said that tariffs on drugs will be…
Keeping Sober-Minded about China’s Economy
Author: Fan Gang, President of CDI
Editor’s Note: “As an economist, I am very proud of achievements of China’s economy. However, it is crucial to keep a realistic and sober amidst the chorus of praise. There will be something wrong if we do not address problems facing China’s economy,” said Prof. Fan Gang.
Recently, especially since the beginning of 2018, public opinions in domestic and abroad…
Strong Coordination Mechanism to Boost the Greater Bay Area
Author: Guo Wanda, Executive Vice President of CDI
Editor’s Note: Cross-regional coordination mechanism and legal arrangements under the “one country, two systems” framework have great significance in boosting the development of the Guangdong-Hong Kong-Macao Greater Bay Area, in which Shenzhen as a transportation hub and innovation engine will play an instrumental role.
The Greater Bay Area has…
