When Xiao Gang, the new boss of the China Securities Regulatory Commission, used ‘China dream’ as the theme of his first public speech following his appointment back in March, he was making an obvious echo of president Xi Jinping’s evoctaion of a ‘China dream’. Xiao’s speech was published on CSRC’s website to just before China’s May 4th Youth Day.
However, whether Xiao really is a reformist remains to be seen. He certainly seems willing to continue the reforms started by his predecessor, Guo Shuqing. But progress will require something more practical than dreams. Continue reading »
What should we make of the appointment of China’s new top securities regulator? The expectations are: stability, predictability, and no great drive for further market reform. But we might all be surprised.
Xiao Gang (pictured), until this week the chairman of the Bank of China, is being interpreted as a cautious new head of the China Securities Regulatory Commission. Continue reading »
The re-balancing of the Chinese economy should enable Indonesia, Thailand and Vietnam to double their share of the world textile market and boost intra-Asian trade as a proportion of world trade – so says a report from the consultancy Ernst & Young. Continue reading »
By Michal Meidan of Eurasia Group
At the end of the week, China’s new leaders will step out onto the stage at the Great Hall of the People in Beijing in order of seniority. Their policy choices will have an impact that extends far beyond China’s borders and yet for now, no one knows who they are, and how they view China’s future.
Indeed, even though Xi Jinping and Li Keqiang are virtually assured to assume the presidency and premiership, respectively, all the other positions are still open. The final makeup of the Politburo Standing Committee, and the order in which China’s new leaders will take the stage, will hold a number of clues regarding their ability, and appetite, to pursue economic and financial sector reform. Continue reading »