China's 2016 annual policy meeting put a high priority on stability and containing financial risks Fiscal policy may remain expansionary,but monetary policy may be less accommodative in 2017We expect bigger steps ...China's 2016 annual policy meeting put a high priority on stability and containing financial risks Fiscal policy may remain expansionary,but monetary policy may be less accommodative in 2017We expect bigger steps in supply-side structural reforms towards cutting capacity and leverageChina's annual Central Economic Work Conference(CEWC)was concluded on 16 December,2016.Compared to meeting 2015,the 2016CEWC put less emphasis on展开更多
China current demographic trends One-child policy lowered the fertility rate China has experienced a transition from high to low birth rates since the 1970s,when the government began enforcing the one-child policy.Wom...China current demographic trends One-child policy lowered the fertility rate China has experienced a transition from high to low birth rates since the 1970s,when the government began enforcing the one-child policy.Women were generally allowed to have only one child,and additional births were heavily fined.As a result,the fertility rate slumped to around 1.5recently from over two in 1980 and four in 1973(Figure 1)。展开更多
China’s economy can potentially grow at about 7% if capacity is adequately utilised.However,production capacity exceeds demand as a result of credit-driven over-investment in the past decade.Without demand-boosting p...China’s economy can potentially grow at about 7% if capacity is adequately utilised.However,production capacity exceeds demand as a result of credit-driven over-investment in the past decade.Without demand-boosting policies,we estimate that the self-sustaining growth rate is currently 6%at most.The government faces a tougher balancing act in展开更多
·China commits to lifting price controls in competitive sectors by 2017 under new guidelines·Reforms focus on monopolistic sectors,public sector and heavily subsidised sectors·Price reforms send a stron...·China commits to lifting price controls in competitive sectors by 2017 under new guidelines·Reforms focus on monopolistic sectors,public sector and heavily subsidised sectors·Price reforms send a strong signal of accelerating deep reformsMost remaining price controls to be lifted by 2017China recently announced a new round of pricing reforms and set a timetable for revamping the country’s pricing mechanism.Price controls for most goods and services in com-展开更多
文摘China's 2016 annual policy meeting put a high priority on stability and containing financial risks Fiscal policy may remain expansionary,but monetary policy may be less accommodative in 2017We expect bigger steps in supply-side structural reforms towards cutting capacity and leverageChina's annual Central Economic Work Conference(CEWC)was concluded on 16 December,2016.Compared to meeting 2015,the 2016CEWC put less emphasis on
文摘China current demographic trends One-child policy lowered the fertility rate China has experienced a transition from high to low birth rates since the 1970s,when the government began enforcing the one-child policy.Women were generally allowed to have only one child,and additional births were heavily fined.As a result,the fertility rate slumped to around 1.5recently from over two in 1980 and four in 1973(Figure 1)。
文摘China’s economy can potentially grow at about 7% if capacity is adequately utilised.However,production capacity exceeds demand as a result of credit-driven over-investment in the past decade.Without demand-boosting policies,we estimate that the self-sustaining growth rate is currently 6%at most.The government faces a tougher balancing act in
文摘·China commits to lifting price controls in competitive sectors by 2017 under new guidelines·Reforms focus on monopolistic sectors,public sector and heavily subsidised sectors·Price reforms send a strong signal of accelerating deep reformsMost remaining price controls to be lifted by 2017China recently announced a new round of pricing reforms and set a timetable for revamping the country’s pricing mechanism.Price controls for most goods and services in com-
