Shang-Jin Wei

a former Chief Economist of the Asian Development Bank, is Professor of Chinese Business and Economy and Professor of Finance and Economics at Columbia University


NEW YORK – China is about to slash the employer contribution rate to the social-security fund from 18-20% (with some variation across regions) to 16%, and cut the value-added tax (VAT) rate from 16% to 13% (for most enterprises). This is on top of a previously announced reduction in the corporate income tax charged on the first CN¥3 million ($447,000) of taxable income. These policy moves are timely and useful in combating the downward pressure on economic growth, but they also raise the risk of a future debt crisis
10 апреля 2019 5 мин. 7562
China will benefit from a normalization of its trade relationship with the United States, but it is important to realize that the same holds true for the US
21 января 2019 5 мин. 7826
Страницы:
NEW YORK – Back in January, I predicted that the spread of the new COVID-19 coronavirus in China would reach a turning point by the second or third week of February. Indeed, the total number of serious and critical cases in the country has been declining since February 22, and there have been no new cases in the last few days other than international travelers arriving in China. Unfortunately, new infections outside China have risen very fast, with potentially disastrous consequences for public health and the global economy
31 марта 2020 5 мин. 13445
NEW YORK – The recent inversion of the yield curve in the United States – with the interest rate on ten-year US government bonds currently lower than that on short-term bonds – has raised fears of a possible US recession later this year or in 2020. Yet, paradoxically, a downturn in America could help to improve bilateral economic relations with China and cool the two countries’ escalating trade dispute.
03 сентября 2019 5 мин. 11255
China will benefit from a normalization of its trade relationship with the United States, but it is important to realize that the same holds true for the US
21 января 2019 5 мин. 7826
NEW YORK – China is about to slash the employer contribution rate to the social-security fund from 18-20% (with some variation across regions) to 16%, and cut the value-added tax (VAT) rate from 16% to 13% (for most enterprises). This is on top of a previously announced reduction in the corporate income tax charged on the first CN¥3 million ($447,000) of taxable income. These policy moves are timely and useful in combating the downward pressure on economic growth, but they also raise the risk of a future debt crisis
10 апреля 2019 5 мин. 7562
NEW YORK – The real effective exchange rate (REER) may sound arcane to non-economists, but it is one of the most important international financial indices. The REER is a summary index that tracks the difference in the prices of goods produced by a country and its trading partners. Other things being equal, an increase in a country’s REER indicates a loss of trade competitiveness. And rising current-account imbalances are often associated with deviations in the REER from equilibrium values
26 апреля 2019 4 мин. 6742
CANBERRA – Trade negotiations between the United States and China have broken down because the US government says the Chinese were walking back their agreement on matters that had previously been addressed. US negotiators and President Donald Trump were furious, and on May 10, Trump more than doubled US tariffs on $200 billion worth of imports from China. The lead Chinese negotiator, Liu He, told reporters that, because a final agreement was not reached, revisions were not “walked back,” a line that the US side does not seem to buy. The Chinese government has now retaliated, announcing that it will raise tariffs on $60 billion worth of US goods
29 мая 2019 4 мин. 6437
NEW YORK – Shortly after US President Donald Trump issued an executive order effectively banning the Chinese-owned social-media app TikTok, he issued a second order prohibiting “any transaction that is related to WeChat by any person … as identified by the Secretary of Commerce.” According to the White House, the WeChat ban – which will take effect on September 20 – is intended to protect Americans and visiting Chinese in the United States from violations of privacy by the Chinese government and to limit fake news from the Chinese government reaching Americans. But the ban is likely to be counterproductive, and there are better solutions to these problems
19 августа 2020 5 мин. 4580
NEW YORK – China’s recently released population census confirms the persistence of the country’s alarming excess of males relative to the global norm. This numerical imbalance from birth onward has several significant economic implications – and not only for China
01 июня 2021 5 мин. 4505
NEW YORK – Following US President Donald Trump’s vow to block US access to TikTok, the popular short-video app’s Chinese parent company, ByteDance, has been in frantic talks with Microsoft, presumably to sell its subsidiary quickly before the ban goes into effect
13 августа 2020 5 мин. 4463
NEW YORK – American voters, who represent about 4% of the world’s population, will soon elect a president whose climate policies will affect not only everyone on Earth today, but also future generations. A victory for former Vice President Joe Biden would be good for the planet – but that alone will not be enough
03 ноября 2020 5 мин. 4424
NEW YORK – China is about to slash the employer contribution rate to the social-security fund from 18-20% (with some variation across regions) to 16%, and cut the value-added tax (VAT) rate from 16% to 13% (for most enterprises). This is on top of a previously announced reduction in the corporate income tax charged on the first CN¥3 million ($447,000) of taxable income. These policy moves are timely and useful in combating the downward pressure on economic growth, but they also raise the risk of a future debt crisis
10 апреля 2019 5 мин. 7562 Репостов в соцсетях: 19
NEW YORK – Back in January, I predicted that the spread of the new COVID-19 coronavirus in China would reach a turning point by the second or third week of February. Indeed, the total number of serious and critical cases in the country has been declining since February 22, and there have been no new cases in the last few days other than international travelers arriving in China. Unfortunately, new infections outside China have risen very fast, with potentially disastrous consequences for public health and the global economy
31 марта 2020 5 мин. 13445 Репостов в соцсетях: 10
NEW YORK – The real effective exchange rate (REER) may sound arcane to non-economists, but it is one of the most important international financial indices. The REER is a summary index that tracks the difference in the prices of goods produced by a country and its trading partners. Other things being equal, an increase in a country’s REER indicates a loss of trade competitiveness. And rising current-account imbalances are often associated with deviations in the REER from equilibrium values
26 апреля 2019 4 мин. 6742 Репостов в соцсетях: 3
China will benefit from a normalization of its trade relationship with the United States, but it is important to realize that the same holds true for the US
21 января 2019 5 мин. 7826 Репостов в соцсетях: 3
NEW YORK – The recent inversion of the yield curve in the United States – with the interest rate on ten-year US government bonds currently lower than that on short-term bonds – has raised fears of a possible US recession later this year or in 2020. Yet, paradoxically, a downturn in America could help to improve bilateral economic relations with China and cool the two countries’ escalating trade dispute.
03 сентября 2019 5 мин. 11255 Репостов в соцсетях: 0
NEW YORK – American voters, who represent about 4% of the world’s population, will soon elect a president whose climate policies will affect not only everyone on Earth today, but also future generations. A victory for former Vice President Joe Biden would be good for the planet – but that alone will not be enough
03 ноября 2020 5 мин. 4424 Репостов в соцсетях: 0
CANBERRA – Trade negotiations between the United States and China have broken down because the US government says the Chinese were walking back their agreement on matters that had previously been addressed. US negotiators and President Donald Trump were furious, and on May 10, Trump more than doubled US tariffs on $200 billion worth of imports from China. The lead Chinese negotiator, Liu He, told reporters that, because a final agreement was not reached, revisions were not “walked back,” a line that the US side does not seem to buy. The Chinese government has now retaliated, announcing that it will raise tariffs on $60 billion worth of US goods
29 мая 2019 4 мин. 6437 Репостов в соцсетях: 0
NEW YORK – Shortly after US President Donald Trump issued an executive order effectively banning the Chinese-owned social-media app TikTok, he issued a second order prohibiting “any transaction that is related to WeChat by any person … as identified by the Secretary of Commerce.” According to the White House, the WeChat ban – which will take effect on September 20 – is intended to protect Americans and visiting Chinese in the United States from violations of privacy by the Chinese government and to limit fake news from the Chinese government reaching Americans. But the ban is likely to be counterproductive, and there are better solutions to these problems
19 августа 2020 5 мин. 4580 Репостов в соцсетях: 0
NEW YORK – Following US President Donald Trump’s vow to block US access to TikTok, the popular short-video app’s Chinese parent company, ByteDance, has been in frantic talks with Microsoft, presumably to sell its subsidiary quickly before the ban goes into effect
13 августа 2020 5 мин. 4463 Репостов в соцсетях: 0
NEW YORK – China’s recently released population census confirms the persistence of the country’s alarming excess of males relative to the global norm. This numerical imbalance from birth onward has several significant economic implications – and not only for China
01 июня 2021 5 мин. 4505 Репостов в соцсетях: 0

У автора нет статей, опубликованных в журнале Forbes Kazakhstan

Загрузка...
1 декабря родились
Алексей Огай
экс-член правления АО «Самрук-Энерго»
Самые Интересные
Как управлять 280 аптеками, развивать супермаркеты, строить новые рестораны и открывать гостиницы Смотреть на Youtube