China has eased its outbound data transfer regulations as part of an effort to improve the business environment for foreign companies amidst plummeting FDI.
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The GDP growth target and fiscal measures laid out in this year’s government work report were largely expected by the market.
China’s anti-corruption campaign reached record levels of activity in 2023, and president Xi has set the tone for an even stronger campaign in 2024.
Beijing will not hesitate to impose pain on Taiwanese businesses, but economic relations have already cooled in recent years, so damage may be limited.
The market misunderstood Beijing’s goals for SOE reform and urban-rural development from the get-go.
Local governments are cutting incomes for civil servants and shutting down public services to save costs.
The upcoming election in Taiwan is a three-way contest; for now, the incumbent DPP is in the lead.
China has lowered its market entry barriers, but slowing growth and rising risks have also made it less attractive to investors.
Beijing followed through on its financial reform promises of 2013, but the results failed to make the system significantly more market-driven or efficient.
This note is the first in a four-part series in which we will review China’s reform progress of the past decade and attempt to explain the market’s discontent.