Thursday, 19 September 2013

Distorted view of China overlooks its many positive achievements

by Chandran Nair

[This article appeared in the South China Morning Post on September 11, 2013.]

The cover of a recent issue of The Economist featured a Chinese dragon encircling the globe, covering it in smoke and flame. The title read "The world's worst polluter." It was a bold cover typical of The Economist, but it betrayed deep-rooted ideological biases and did its readers a great disservice.
It was, in too many ways, what has become the quintessential "China story" - one that emphasises the nation's huge and growing impact on the world but chooses only to highlight its negative aspects - from environmental and foreign policy issues to investment in Africa, it would seem Beijing can't do anything right.

Friday, 13 September 2013

China Outlook

I am now writing short articles on the Chinese economy for China Outlook, a new forward-looking magazine focusing on China. There is no byline for any article.

The lead story all this week has been on China's banks: Dysfunctional banking system fails the innovators.

The new lead story from today is: China's slowdown is structural, not cyclical.

Future articles will cover such topics as the rebalancing of China's economy and productivity growth in China.

China Outlook is here.

Saturday, 7 September 2013

China's Economy: No Hard Landing

余永定:中国金融存在脆弱性 应加强短期跨境资本管理

中新社北京9月5日电 (记者 陈康亮)中国社科院世界经济研究所所长余永定5日在京表示,中国目前的金融体系存在一定的脆弱性,应加强短期跨境资本管理。


Five years of the 2008 Labor Contract Law

The World Bank has published a report on the implementation of China's Labor Contract Law, which came into force on January 1, 2008 after unprecedented public consultation that sparked a lively debate in which employers sought to weaken the law.

The report indicates general satisfaction with the way the law has been put into practice. Survey results show that nearly half of workers in the sample were happy with it, though an almost equally large number felt only  "so so". Over 90% of employers felt the implementation of the law was "strict" or "very strict". Differences in perceptions between urban resident and migrant workers were smaller than expected.

The complete report is available for download here.