Tackling a ballooning deficit has become the overriding priority for Financial Secretary Paul Chan Mo-po. However, there is more to public finance than just balancing the books. From curbing public expenditure and boosting revenues to making bold economic reforms and fostering advancement within the national development framework, Chan is facing his toughest challenge yet when…
US president-elect Donald Trump’s second term could have severe repercussions for American and Chinese societies if fears of an expanded national security posture and rising economic barriers are realised, according to a US-China relations expert. Stephen Orlins, president of the National Committee on US-China Relations, a New York-based non-profit advisory group, said a worst-case scenario…
Chinese President Xi Jinping has called on provincial leaders to be patient about the pace of economic reforms and cautioned them against trying to solve problems hastily, according to party mouthpiece People’s Daily. He also urged them to break down the fences of vested interests in each province in favour of a national market and…