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Xiao Geng
COMMENTARY / World
Aug 31, 2016
The making of a Chinese consumer society
China's transformation into a consumer society is good news for the future of the global economy.
COMMENTARY / World
Mar 6, 2016
China and the lonely fight it's waging against deflation
The battle over the renminbi's exchange rate reflects growing tension between the interests of the 'financial engineers' (such as the managers of dollar-based hedge funds) and the 'real engineers' (China's policymakers).
Japan Times
COMMENTARY / World
Feb 8, 2016
China suffering from a transparency problem
Effective communication with market participants and real-economy players will be crucial if China is to achieve market credibility and stability.
COMMENTARY / World
Dec 22, 2015
The CCP's daunting institutional challenges
China's leaders must cope with an asymmetry between what they can deliver and what consumers demand.
COMMENTARY / World
Sep 28, 2015
China had better avoid global debt-deflation trap
China now faces the same debt-deflation challenge that much of the rest of the world must address. The question, of course, is how.
Japan Times
COMMENTARY / World
Aug 18, 2015
Facing down secular stagnation in China
With President Xi Jinping's anti-corruption drive chipping away at the culture of personal gain among Chinese officials, now is the time to press ahead with structural reforms, not back away from them.
COMMENTARY / World
Jul 24, 2015
China's live stress test yields valuable lessons
China's economy has succeeded through trial and error, and the lessons of its current stress test should be viewed as part of that process, to be used to drive the next phase of economic reform.
Japan Times
COMMENTARY / World
Apr 30, 2015
AIIB and global governance
If Western leaders really do believe in innovation, competition and meritocracy, they should welcome the AIIB.
Japan Times
COMMENTARY / World
Mar 3, 2015
The challenge of China's dual-track economy
With China's economic slowdown more apparent than ever, its prospects for avoiding a hard landing are weakening.
COMMENTARY / World
Jan 25, 2015
Looser credit policies for China's better cities
The best way to sustain China's economic transition and prevent a hard landing is to implement looser monetary and credit policies that enable the most productive cities, companies and industries to generate new added value.
COMMENTARY / World
Dec 23, 2014
High risks, rewards in Xi's reforms
Only by addressing the weakening of investment-led growth, bureacratic inefficiencies and worsening pollution, and then shifting to an innovation-based, environmentally sustainable growth model, can China continue to prosper and ultimately achieve high-income status.
COMMENTARY / World
Dec 2, 2014
The next phase of China's financial deepening
China's financial deepening is a market process. But it must be underpinned by a regulatory and policy framework that encourages risk-taking and innovation.
COMMENTARY
Oct 28, 2014
Time to end American financial repression
A generation of development economists owe Ronald McKinnon, who died earlier this month, a huge intellectual debt for his insight that governments like the U.S. that engage in free-market rhetoric to channel funds toward themselves hamper financial development.
COMMENTARY / World
Jul 8, 2014
Thomas Piketty with Chinese characteristics
As property prices have risen faster than wages and profits in manufacturing, China's top 1 percent income earners are accumulating wealth significantly faster than their counterparts in the rest of the world — and far faster than the average Chinese.
COMMENTARY / World
Apr 28, 2014
Governing China's 'dream'
This year's China Development Forum in Beijing revealed the clearest vision yet of how China's leaders intend to deliver the 'Chinese Dream' of improving people's livelihoods, constructing a better society and strengthening the military.
COMMENTARY / World
Mar 3, 2014
China fights dragon of credit-allocation reform
China needs to reforming the credit-allocation mechanism to provide more capital to well-performing projects and enforce hard budget constraints on poor-performing borrowers.
COMMENTARY / World
Feb 9, 2014
China's credit boom raises flags on risk levels
The growth of credit in China at a breakneck pace, including the spike in local-government debt by 70 percent since 2009, is raising serious concerns about the level of risk in China's financial system.
COMMENTARY / World
Dec 29, 2013
Surprising elements of a Chinese city's success
Few people outside of China know Foshan, a city of 7 million located at the heart of the Pearl River Delta in southern China.
COMMENTARY / World
Jul 18, 2012
East Asian miracle revisited
Almost two decades ago, the World Bank published its landmark study "The East Asian Miracle," analyzing why East Asian economies grew faster than emerging markets in Latin America, Africa and elsewhere. These economies, the study concluded, achieved high growth rates by getting the basics right, promoting...

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