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China Critical Review Newsletter

China’s Great Digital Leap Forward

(Editor’s note: With this article, CCR is initiating a series on China’s digital revolution. The first article will report on the astounding advances which China is making through the application of digital technology – already surpassing the West in certain areas....

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Can China’s SOE Reform Plan Succeed?

On October 10, 2016, President Xi Jinping delivered a policy speech at a Party-building working conference, in which he focused on the State-owned Enterprise (SOE) reforms he has initiated. While the reforms aim to root out what Chinese officials have frequently...

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The Political Economy of Globalization Reform

Chinese President Xi Jinping’s visit to the Davos World Economic Forum took place just days before the inauguration of Donald J. Trump as President of the United States. President Xi was the first Chinese leader to attend the gathering of the global political, financial and economic elites, called by Harvard Professor Samuel Huntington the “Davos Men.”

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Fed Rate Hikes and Their Impact in China

China is facing many short-term economic headwinds, the result of a combination of domestic problems, from a decline in the GDP, to the growth of the shadow banking system and growing leveraged debt in the state, local and private sectors; and global factors outside of their control.

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One Belt, One Road: Can China Overcome the Obstacles?

In a speech at Nazarbayev University in Astana, Kazakhstan, he announced, for the first time, the One Belt, One Road (OBOR) project for Eurasian integration, comprised of the New Silk Road and the Maritime Silk Road. Since that initial announcement, OBOR has emerged as a cornerstone of China’s economic and political outreach to Eurasia, Africa and beyond.

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China’s Global Reserve Currency Play

Following the decision by the International Monetary Fund to include the Chinese renminbi (RMB) in its international basket of currencies, the World Bank has announced plans to issue RMB-denominated bonds for sale in China, backed up by the currencies in the IMF’s Special Drawing Rights (SDR) basket of reserve currencies. The Chinese currency will be formally integrated into the SDR basket on October 1, 2016.

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Brexit’s Impact on China

Prior to the June 23, 2016 British vote to leave the European Union, then-Chancellor of the Exchequer George Osborne had sought a strategic financial partnership with China, a new “Golden Era” between the UK and China. Prior to President Xi Jinping’s visit to London in October 2015, Osborne declared that Britain wanted to become China’s “best partner in the West.”

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China’s Summer – 2015 Crises and their Aftermath

China underwent three inter-related crises during the summer.  First, the stock markets in Shanghai and Shenzhen went through a significant fall.  Next, the Chinese government put the remnimbi (RMB) through a series of devaluations, in clear recognition of a loss of...

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