China’s Premier Li Qiang said on Wednesday he was confident the world’s No.2 economy could maintain a “relatively rapid” growth rate as it transitions from a manufacturing-led model to a consumer-driven one, a shift analysts say is key to securing its future. Li’s keynote speech, delivered at a World Economic Froum meeting in Tianjin, comes…
The recently concluded “Two Sessions” – an annual gathering of China’s top political bodies – highlighted the country’s challenge of balancing slowing economic growth with ambitious technological progress. A key takeaway from the Two Sessions is Beijing’s commitment to integrating private tech firms into national policy decisions on innovation. Leading high-tech firms would play an…
Moving fortunes out of China is hard: The country imposes strict capital controls that cap individual purchases of foreign exchange at $50,000 a year. Violators can receive big fines, or even prison sentences, if they break the law. Nevertheless, the stampede for the exit in the past few years appears to dwarf the outflows that…