Ian Wan
-
The First 15 Years of China’s Reform and Opening-Up: A Critical Restructuring of Incentives
Out of three decades of political and economic volatility came a shift in Chinese economic policy in 1978, bringing about a transition into the market economy China is today. The first 15 years of China’s 1978 reforms is a unique story, achieving fundamental economic changes unseen in its authoritarian hierarchical…
-
China and Industrial Policy (Part I): The History of an Idea, Its Rationale and Consequences
Written in conjunction with Paul Meyer. You can read Part II here. Industrial policy has recently regained prominence in policymakers’ minds, and not in small part due to China. Whilst industrial policy has always been contentious in an era dominated by capitalist market economies rather than state planning economies, its…
-
The National People’s Congress Opens: Is Meeting Market Expectations Enough to Shore Up Chinese Growth?
The 14th National People’s Congress (NPC), China’s national annual legislature meeting, opened its third session on the morning of March 5th. Attended by political elites and local representatives alike, this year’s NPC is under unusual scrutiny in anticipation of economic relief signals from the central government. Chinese Premier Li Qiang…
-
Chinese Yuan Under Pressure Ahead of the National People’s Congress
China will confront a unique set of economic challenges in 2025. In the past two years, the world’s second largest economy saw a lukewarm COVID-19 recovery, a property crisis and a private business crackdown—all while facing an aging population crisis. Substantive monetary easing measures are expected from the upcoming National…
Sino-Southeast Initiative 