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China’s ‘Common Prosperity’ initiative and its potential economic impacts explained

China’s Common Prosperity’

In early 2021, Chinese President Xi Jinping made a speech emphasizing the importance of ‘Common Prosperity’, setting this concept as a tone in policy making for the next few years. As a policy-guided and increasingly modernized country, China’s ‘Common Prosperity’ campaign gathers momentum and impacts all aspects of society almost instantly. What’s China’s ‘Common Prosperity’ […]

China’s Macro Economy——A Zigzag Path 2

Here come my concerns about problems that China’s economy is still facing. On one hand, although China’s large-scale lending and infrastructure spending projects have boosted domestic economy, it cannot be maintained indefinitely. The large level of borrowing will ultimately lead to a rise in non-performing loans on the balance sheets of major banks, which is […]

China’s Macro Economy——A Zigzag Path 1

Over the past several years, China has been a major contributor to the world economy. However, the global economic slowdown after 2007 had a remarkable negative impact on China’s industries that depend on FDI (Foreign direct investment) flows. Millions of workers in export sector were laid off because China’s economy heavily depends on international trade […]