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CEIBS Professor of Economics and Finance Xu Bin points out that China’s surprising 6.9% growth in 2017 has made it clear that US President Donald Trump’s America First policy won’t hurt China as much as some may fear. An analysis of the data shows that the Chinese economy has delinked from the global one, no longer powered by external forces such as exports and inward FDI. Instead domestic consumption is the main driving force, pushed along by new technology, a growing services industry and urbanization. It also helps that China has a built-in 3S advantage of scale, scope and the newest ‘s’ factor – speed.
CEIBS Professor of Economics and Finance Xu Bin points out that China’s surprising 6.9% growth in 2017 has made it clear that US President Donald Trump’s America First policy won’t hurt China as much as some may fear. An analysis of the data shows that the Chinese economy has delinked from the global one, no longer powered by external forces such as exports and inward FDI. Instead domestic consumption is the main driving force, pushed along by new technology, a growing services industry and urbanization. It also helps that China has a built-in 3S advantage of scale, scope and the newest ‘s’ factor – speed.
The Chinese yuan officially became part of the IMF’s basket of currencies on October 1, 2016. CEIBS Professor of Economics and Finance Xu Bin explains what this means for the Euro.
The Chinese yuan officially became part of the IMF’s basket of currencies on October 1. In this excerpt from a previous interview in August 2015, CEIBS Professor of Economics and Finance Xu Bin explains why this is a good move not just for China but for the rest of the world.
Will GDP growth miss the mark? Can governmental control still be effective? CEIBS Professor of Economics and Finance Xu Bin highlights the main problems causing turbulence in China's economy.
Can consumption fill the investment gap in China? What is the optimal GDP growth rate for the country? CEIBS Professor of Economics and Finance Xu Bin tackles China's GDP growth issues.