Economy
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China and Industrial Policy (Part II): The Future of an Idea, Its Implications and Consequences
Written in conjunction with Ian Wan. You can read Part I 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…
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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…
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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…
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Reflecting on China’s One: Child Policy 45 Years Later
Born out of a legacy of extensive state planning, China’s one-child policy is regarded as the strictest family planning program in modern history. Formulated as an emergency measure to increase per capita living standards at its inception, the experiences of comparative countries provide strong evidence that the policy provided limited…
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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 