China Policy Institute Blog

Problems in Huallywood

Written by Zhan Zhang. Three years ago, the National Digital Film Industrial Park opened in Wuxi, not far from Shanghai, with the nickname “Huallywood” (Hua meaning China). It was viewed as “ushering in a new golden age of filmmaking in China” and “Huallywood” aimed to become a global digital film capital in China like its counterparts in the …

China’s AIIB Dream

By Jan Knoerich. The process of establishing the Asian Infrastructure Investment Bank (AIIB) is a clear manifestation of China’s growing international leverage on issues of global economic governance. Up until the present day, the initiative has brought together an impressive 57 countries from all regions of the world – albeit with a clear focus on …

Why do many Chinese SOEs fail to achieve their ambitions?

Written by Jing Cai. China’s remarkable economic growth since the late 1970s has been accompanied, and in some degree caused, by changes in ownership and corporate governance. A large private sector grew up, partly through the founding of new firms, and partly through privatisation. But (full) privatisation was confined to small and medium state-owned enterprises (SOEs). …

China’s currency gets the IMF stamp of approval as it enters a new normal

Written by Yao Shujie. China’s RMB has been deemed “no longer undervalued” by the International Monetary Fund. This is a milestone for the Chinese government, which is keen to bolster domestic consumption and make the RMB a global currency. It is also significant in relations with the US, which has long-criticised Beijing’s currency policy for …

China’s Anti-Corruption Campaign and Economic Development

Written by Jenny Li Jie.For the past two and a half years, China’s unprecedented high profile anti-corruption campaign under President Xi Jinping’s leadership has drawn worldwide attention. Domestically, Xi enjoys strong support from the general public, who have harboured deep resentment against those “tigers” and “flies” whose embezzlement and bribery have done enormous damage to …

One Year of Modi Government

Written by Pravakar Sahoo. High inflation, dwindling growth, low investor confidence, and policy paralysis in the years before the 2014 general election resulted in high expectations from Indian industry, investors and the people at large: everyone looked to the new government, led by Prime Minister Modi, to ease their pain and bring the economy back on …

The AIIB: An insight into China’s regional vision?

Written by Philippa Brant. China has ratcheted up its economic diplomacy efforts in Asia this year. But will its neighbours be convinced of its ‘vision’ for the region? In addition to its well-established bilateral aid and development financing, the past few months have seen China actively promoting a new form of regional economic integration, known …

The tale behind the bean: The modern history of an ancient crop

Written by Ines Prodöhl. Evidence that soy had some significance in the Chinese diet dates back some three thousand years. Besides using soybeans for food, indigenous people in Asia had known a variety of applications for the crop, such as for fertilizer, animal feed, lubricant and lighting. For centuries, however, this knowledge remained in Asia. The …

Chinese agriculture in the wake of the global food crisis

Written by Francesca Bray. In 2007-8 a food crisis rocked the world. A concatenation of climatic, economic and financial factors sent global food prices rocketing. Drought in Australia, then the world’s second largest wheat exporter after the USA, had cut the 2006 wheat harvest from 25 to 10 million tons. Bad weather reduced the 2007 …

Political Uncertainties in Post-miracle China

Written by Ho-fung Hung. The latest economic data from China shows that its GDP grew 7.4 percent in 2014. It was the slowest growth since 1990 (amidst global sanctions post- Tiananmen) and missed its growth target for the first time since 1998 (in the aftermath of the Asian Financial Crisis). It is another indication that the …