How to reduce Chinese overcapacity
In recent months, Chinese overcapacity has been a major topic of discussion – and a source of controversy – among economists and policymakers around the world. While these concerns are not...
China’s economic prospects are brighter than they appear
The start of 2024 has been marked by a wave of increasingly pessimistic forecasts for China’s economy. While the Chinese government remains optimistic, the International Monetary Fund projects that...
A good year for China’s economy
In March 2022, the Chinese government set a target of 5-5.5% GDP growth for the year. At the time, such growth levels appeared perfectly attainable. But within a month, the Omicron variant had...
China's exchange-rate challenge
The renminbi’s value used to feature heavily in debates about global imbalances. While outsiders considered it to be undervalued and urged appreciation, the People’s Bank of China (PBOC) insisted...
China's real-estate balancing act
Despite strong global economic headwinds, not least from the COVID-19 pandemic, China managed to achieve 8.1 per cent GDP growth last year, its highest rate in a decade. With that, China met the...