Since 2020,the Bank of Thailand(BOT)has initiated a new foreign exchange(FX)ecosystem to promote efficiency in Thai FX market.Under this initiative,the BOT has relaxed foreign exchange regulations to allow businesses ...Since 2020,the Bank of Thailand(BOT)has initiated a new foreign exchange(FX)ecosystem to promote efficiency in Thai FX market.Under this initiative,the BOT has relaxed foreign exchange regulations to allow businesses to better manage foreign exchange exposures,and to support market competition among financial service providers with the aim of lowering transaction costs,expanding variety of financial products and increasing accessibility to foreign exchange hedging tools by businesses.展开更多
Recently,DeepSeek's story has gone viral in the field of artificial intelligence(Al).DeepSeek,a Chinese Al company,has caught up with leading US Al firms in a remarkably short period of time.As a relatively new pl...Recently,DeepSeek's story has gone viral in the field of artificial intelligence(Al).DeepSeek,a Chinese Al company,has caught up with leading US Al firms in a remarkably short period of time.As a relatively new player in the global Al landscape,DeepSeek quickly gained recognition for its cutting-edge technologies,particularly in natural language processing and machine learning.The story serves as a powerful testament to the benefits of an open and collaborative approach to technological advancement.DeepSeek’s success in confronting the US chip ban-a complete export control of chips essential to Al development,highlights a critical lesson:opening-up,rather than isolation,is the best policy for fostering innovation,economic growth,and,ultimately,national security.展开更多
In July 2024,the third plenary session of the 2oth Central Committee of the Communist Party of China was held in Beijing.During this session,the Resolution of the Central Committee of the Communist Party of China on F...In July 2024,the third plenary session of the 2oth Central Committee of the Communist Party of China was held in Beijing.During this session,the Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization(hereinafter referred to as"Resolution")was adopted.The Resolution clearly defines the guiding philosophy,overall objectives,and general principles for further deepening reform comprehensively.It emphasizes that"We must pursue coordinated reforms in the fiscal,tax,financial,and other major sectors",and outlines a series of significant deployments for deepening financial system reform.展开更多
Since the beginning of 2024,the Chinese economy has been gradually recovering and showing an overall positive trend.Positive momentum is steadily building in economicactivity,as positive contributors are rising.In the...Since the beginning of 2024,the Chinese economy has been gradually recovering and showing an overall positive trend.Positive momentum is steadily building in economicactivity,as positive contributors are rising.In the first quarter,the gross domestic product(GDP)increased by 5.3%year-on-year,the consumerprice index(CPI)showed positive year-onyear growth.展开更多
Efforts to satisfy the reasonable financing needs of private real estate companies.PAN Gongsheng,Governor of the PBOC and SAFE Administrator,said at a symposium with private enterprises that the PBOC will introduce gu...Efforts to satisfy the reasonable financing needs of private real estate companies.PAN Gongsheng,Governor of the PBOC and SAFE Administrator,said at a symposium with private enterprises that the PBOC will introduce guidance regarding financial support for private enterprises,help local governments address overdue payments to businesses and expand the use of an instrument to support bond financing of private enterprises.展开更多
Consumption is the mainstay of an economy's aggregate demand,the fundamental driver of large economies,and a cornerstone of a secure,wellmanaged,and resilient economic system.China's new strategic priority is ...Consumption is the mainstay of an economy's aggregate demand,the fundamental driver of large economies,and a cornerstone of a secure,wellmanaged,and resilient economic system.China's new strategic priority is to effectively expand and better meet domestic demand especially household consumption.展开更多
Since 2020,the COVID-19 pandemic has spread globally,causing severe damage to national economies,halting trade and personnel exchanges,and pushing industrial chains to the brink of collapse.In response,the US and Euro...Since 2020,the COVID-19 pandemic has spread globally,causing severe damage to national economies,halting trade and personnel exchanges,and pushing industrial chains to the brink of collapse.In response,the US and European economies implemented unprecedented fiscal and monetary expansionary policies to avert economic recession,but this also led to a sharp rise in inflation.During this period,the outbreak of the Ukraine crisis further exacerbated inflation and more importantly,triggered an evolution in the global geopolitical landscape.展开更多
From 2019 to 2024,China's new energy vehicles(NEVs)industry has achieved remarkable accomplishments in areas including policy support,market scale,technological advancements,industrial chain development,and intern...From 2019 to 2024,China's new energy vehicles(NEVs)industry has achieved remarkable accomplishments in areas including policy support,market scale,technological advancements,industrial chain development,and internationalization.In the future,with further technological breakthroughs and continuous market expansion,China's NEVs industry is poised to play an even more significant role on the global stage.展开更多
Foreign capital constitutes a vital force in participating in the economic cycles of major countries,and serves as a key barometer for observing their economic transformations.Foreign capital in China includes both fo...Foreign capital constitutes a vital force in participating in the economic cycles of major countries,and serves as a key barometer for observing their economic transformations.Foreign capital in China includes both foreign direct investment(FDI)and foreign funds participating in investments in the domestic capital markets.Since 2024,foreign investment in China has experienced significant fluctuations,with withdrawal by some prominent enterprises drawing substantial market attention.Although the latest round of the US tariff tension has eased,its impacts may still influence the future allocation of foreign capital in China.Nonetheless,the recent dynamics of foreign capital in China present both opportunities and challenges.展开更多
The year 2024 was a pivotal year for achieving the objectives and tasks outlined in the 14th Five-Year Plan.Confronted with a complex and severe situation characterized by intensified external pressures and increased ...The year 2024 was a pivotal year for achieving the objectives and tasks outlined in the 14th Five-Year Plan.Confronted with a complex and severe situation characterized by intensified external pressures and increased internal di伍culties,the Central Committee of the Communist Party of China(CPC)with Comrade Xi Jinping at its core united and led the whole Party and the Chinese people of all ethnic groups to respond calmly and take comprehensive measures.As a result,the overall economy remained stable with signs of improvement and encouraging achievements.The year 2024 was also a crucial year for further deepening reform.The Third Plenary Session of the 20th CPC Central Committee outlined a blueprint for advancing comprehensive reforms in the new era,marking an important milestone for both honoring past achievements and moving forward into the future.展开更多
China's total goods imports and exports expanded 2.4%year-on-year in the first four months of this year to 14.14 trillion yuan,data from the General Administration of Customs showed on May 9.
On September 2,2024,the General Office of the State Council released the Opinions on Promoting High-Quality Development of Trade in Services Through High-Standard Opening up(hereinafter referred to as Opinions),which ...On September 2,2024,the General Office of the State Council released the Opinions on Promoting High-Quality Development of Trade in Services Through High-Standard Opening up(hereinafter referred to as Opinions),which is an important policy document issued by the State Council concerning the foreign trade after the Third Plenary Session of the 20th CPC Central Committee.展开更多
Since the outbreak of the COVID-19,China's industrial chain has demonstrated remarkable resilience,leading to a rapid increase in its share of global exports.This can be attributed to China's policy orientatio...Since the outbreak of the COVID-19,China's industrial chain has demonstrated remarkable resilience,leading to a rapid increase in its share of global exports.This can be attributed to China's policy orientation of"protecting market operating entities",which complements the strategy of"protecting demand"as practiced in the Modern Monetary Theory in the US and Europe.展开更多
The main task of domestic economy this year is undoubtedly maintaining a"steady growth".But howto achieve a"steady growth"under the keynotes of"houses are for living in,not for speculation&quo...The main task of domestic economy this year is undoubtedly maintaining a"steady growth".But howto achieve a"steady growth"under the keynotes of"houses are for living in,not for speculation","high-quality development",and"supply-side structural reform as the main line"?What will be the focus of"steady growth"?We tried to make a more detailed discussion from the industry level by considering the information from the"14th Five-Year Plan"(representing the medium-term development plan),the draft of the Central Economic Work Conference(representing the annual demands of the central government),and the recent developments of ministries and commissions(representing the responses of ministries and commissions).展开更多
In 2024,China's economy demonstrated resilience amid external pressures and internal challenges,experiencing fluctuations while maintaining overall stability and achieving its primary objectives.Notably,the Politi...In 2024,China's economy demonstrated resilience amid external pressures and internal challenges,experiencing fluctuations while maintaining overall stability and achieving its primary objectives.Notably,the Political Bureau of the Communist Paily of China(CPC)Central Committee held a meeting on September 26 and introduced a package of incremental policies,effectively boosting social confidence and fostering economic recoveiy.In 2025,China faces heightened trade frictions and escalating geopolitical complexities,which may potentially lead to deeper external shocks and a more challenging global trade and investment landscape.展开更多
In the four decades since the beginning of China's reform and opening-up,price increases have been more common than price declines.This trend has led the academic community to focus largely on understanding the or...In the four decades since the beginning of China's reform and opening-up,price increases have been more common than price declines.This trend has led the academic community to focus largely on understanding the origins,mechanics,impactsand solutions forinflation.展开更多
Building pilot free trade zones(hereinafter referred to as pilot FTZs)is an important strategic measure for advancing reform and opening up in the new era under the leadership of the CPC Central Committee with Comrade...Building pilot free trade zones(hereinafter referred to as pilot FTZs)is an important strategic measure for advancing reform and opening up in the new era under the leadership of the CPC Central Committee with Comrade XI Jinping at its core.After a decade of development,the establishment of pilot FTZs in China has synergized with high-level financial opening up.展开更多
While our current forecast for 2025 does not suggest a global recession,it points to a meaningful deceleration compared to historical benchmarks and now incorporates the rising geopolitical premium following the June ...While our current forecast for 2025 does not suggest a global recession,it points to a meaningful deceleration compared to historical benchmarks and now incorporates the rising geopolitical premium following the June Israel-Iran escalation.Global growth is projected at 2.6%,well below the 3.7%average registered between 2011 and 2019,the post-Global Financial Crisis(GFC)and pre-pandemic period.G3 growth remains muted:the US is expected to expand by just 0.3%on a Q4-over-Q4 basis in 2025,while the euro area and Japan are forecast to grow by 0.7%and 0.1%,respectively.展开更多
The establishment of Shanghai as a globally influential international financial center(IFC)stands as one of China's most ambitious economic transformation initiatives.At the heart of this endeavor lies the Shangha...The establishment of Shanghai as a globally influential international financial center(IFC)stands as one of China's most ambitious economic transformation initiatives.At the heart of this endeavor lies the Shanghai Lin-gang Special Area(hereinafter referred to as Lin-gang),offidaily designated as the"Special Economic Function Zone(SEFZ)"within the Shanghai Pilot Free Trade Zone(FTZ)in August 2019.Far from being merely another development zone,Lin-gang functions as a dynamic living laboratory where institutional innovation,regulatory experimentation,and market-oriented reforms come together to accelerate Shanghai's evolution-from a regional financial hub to a globally competitive financial center.展开更多
文摘Since 2020,the Bank of Thailand(BOT)has initiated a new foreign exchange(FX)ecosystem to promote efficiency in Thai FX market.Under this initiative,the BOT has relaxed foreign exchange regulations to allow businesses to better manage foreign exchange exposures,and to support market competition among financial service providers with the aim of lowering transaction costs,expanding variety of financial products and increasing accessibility to foreign exchange hedging tools by businesses.
文摘Recently,DeepSeek's story has gone viral in the field of artificial intelligence(Al).DeepSeek,a Chinese Al company,has caught up with leading US Al firms in a remarkably short period of time.As a relatively new player in the global Al landscape,DeepSeek quickly gained recognition for its cutting-edge technologies,particularly in natural language processing and machine learning.The story serves as a powerful testament to the benefits of an open and collaborative approach to technological advancement.DeepSeek’s success in confronting the US chip ban-a complete export control of chips essential to Al development,highlights a critical lesson:opening-up,rather than isolation,is the best policy for fostering innovation,economic growth,and,ultimately,national security.
文摘In July 2024,the third plenary session of the 2oth Central Committee of the Communist Party of China was held in Beijing.During this session,the Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization(hereinafter referred to as"Resolution")was adopted.The Resolution clearly defines the guiding philosophy,overall objectives,and general principles for further deepening reform comprehensively.It emphasizes that"We must pursue coordinated reforms in the fiscal,tax,financial,and other major sectors",and outlines a series of significant deployments for deepening financial system reform.
文摘Since the beginning of 2024,the Chinese economy has been gradually recovering and showing an overall positive trend.Positive momentum is steadily building in economicactivity,as positive contributors are rising.In the first quarter,the gross domestic product(GDP)increased by 5.3%year-on-year,the consumerprice index(CPI)showed positive year-onyear growth.
文摘Efforts to satisfy the reasonable financing needs of private real estate companies.PAN Gongsheng,Governor of the PBOC and SAFE Administrator,said at a symposium with private enterprises that the PBOC will introduce guidance regarding financial support for private enterprises,help local governments address overdue payments to businesses and expand the use of an instrument to support bond financing of private enterprises.
文摘Consumption is the mainstay of an economy's aggregate demand,the fundamental driver of large economies,and a cornerstone of a secure,wellmanaged,and resilient economic system.China's new strategic priority is to effectively expand and better meet domestic demand especially household consumption.
文摘Since 2020,the COVID-19 pandemic has spread globally,causing severe damage to national economies,halting trade and personnel exchanges,and pushing industrial chains to the brink of collapse.In response,the US and European economies implemented unprecedented fiscal and monetary expansionary policies to avert economic recession,but this also led to a sharp rise in inflation.During this period,the outbreak of the Ukraine crisis further exacerbated inflation and more importantly,triggered an evolution in the global geopolitical landscape.
文摘From 2019 to 2024,China's new energy vehicles(NEVs)industry has achieved remarkable accomplishments in areas including policy support,market scale,technological advancements,industrial chain development,and internationalization.In the future,with further technological breakthroughs and continuous market expansion,China's NEVs industry is poised to play an even more significant role on the global stage.
文摘Foreign capital constitutes a vital force in participating in the economic cycles of major countries,and serves as a key barometer for observing their economic transformations.Foreign capital in China includes both foreign direct investment(FDI)and foreign funds participating in investments in the domestic capital markets.Since 2024,foreign investment in China has experienced significant fluctuations,with withdrawal by some prominent enterprises drawing substantial market attention.Although the latest round of the US tariff tension has eased,its impacts may still influence the future allocation of foreign capital in China.Nonetheless,the recent dynamics of foreign capital in China present both opportunities and challenges.
文摘The year 2024 was a pivotal year for achieving the objectives and tasks outlined in the 14th Five-Year Plan.Confronted with a complex and severe situation characterized by intensified external pressures and increased internal di伍culties,the Central Committee of the Communist Party of China(CPC)with Comrade Xi Jinping at its core united and led the whole Party and the Chinese people of all ethnic groups to respond calmly and take comprehensive measures.As a result,the overall economy remained stable with signs of improvement and encouraging achievements.The year 2024 was also a crucial year for further deepening reform.The Third Plenary Session of the 20th CPC Central Committee outlined a blueprint for advancing comprehensive reforms in the new era,marking an important milestone for both honoring past achievements and moving forward into the future.
文摘China's total goods imports and exports expanded 2.4%year-on-year in the first four months of this year to 14.14 trillion yuan,data from the General Administration of Customs showed on May 9.
文摘On September 2,2024,the General Office of the State Council released the Opinions on Promoting High-Quality Development of Trade in Services Through High-Standard Opening up(hereinafter referred to as Opinions),which is an important policy document issued by the State Council concerning the foreign trade after the Third Plenary Session of the 20th CPC Central Committee.
文摘Since the outbreak of the COVID-19,China's industrial chain has demonstrated remarkable resilience,leading to a rapid increase in its share of global exports.This can be attributed to China's policy orientation of"protecting market operating entities",which complements the strategy of"protecting demand"as practiced in the Modern Monetary Theory in the US and Europe.
文摘The main task of domestic economy this year is undoubtedly maintaining a"steady growth".But howto achieve a"steady growth"under the keynotes of"houses are for living in,not for speculation","high-quality development",and"supply-side structural reform as the main line"?What will be the focus of"steady growth"?We tried to make a more detailed discussion from the industry level by considering the information from the"14th Five-Year Plan"(representing the medium-term development plan),the draft of the Central Economic Work Conference(representing the annual demands of the central government),and the recent developments of ministries and commissions(representing the responses of ministries and commissions).
文摘In 2024,China's economy demonstrated resilience amid external pressures and internal challenges,experiencing fluctuations while maintaining overall stability and achieving its primary objectives.Notably,the Political Bureau of the Communist Paily of China(CPC)Central Committee held a meeting on September 26 and introduced a package of incremental policies,effectively boosting social confidence and fostering economic recoveiy.In 2025,China faces heightened trade frictions and escalating geopolitical complexities,which may potentially lead to deeper external shocks and a more challenging global trade and investment landscape.
文摘In the four decades since the beginning of China's reform and opening-up,price increases have been more common than price declines.This trend has led the academic community to focus largely on understanding the origins,mechanics,impactsand solutions forinflation.
文摘Building pilot free trade zones(hereinafter referred to as pilot FTZs)is an important strategic measure for advancing reform and opening up in the new era under the leadership of the CPC Central Committee with Comrade XI Jinping at its core.After a decade of development,the establishment of pilot FTZs in China has synergized with high-level financial opening up.
文摘While our current forecast for 2025 does not suggest a global recession,it points to a meaningful deceleration compared to historical benchmarks and now incorporates the rising geopolitical premium following the June Israel-Iran escalation.Global growth is projected at 2.6%,well below the 3.7%average registered between 2011 and 2019,the post-Global Financial Crisis(GFC)and pre-pandemic period.G3 growth remains muted:the US is expected to expand by just 0.3%on a Q4-over-Q4 basis in 2025,while the euro area and Japan are forecast to grow by 0.7%and 0.1%,respectively.
文摘The establishment of Shanghai as a globally influential international financial center(IFC)stands as one of China's most ambitious economic transformation initiatives.At the heart of this endeavor lies the Shanghai Lin-gang Special Area(hereinafter referred to as Lin-gang),offidaily designated as the"Special Economic Function Zone(SEFZ)"within the Shanghai Pilot Free Trade Zone(FTZ)in August 2019.Far from being merely another development zone,Lin-gang functions as a dynamic living laboratory where institutional innovation,regulatory experimentation,and market-oriented reforms come together to accelerate Shanghai's evolution-from a regional financial hub to a globally competitive financial center.
