Policy Insights

Advocacy

Where do British businesses stand after Brexit and the EU-China investment deal?

The UK’s Brexit deal will guarantee tariff-free trade for most goods but does little for important sectors such as financial and professional services Enhanced market access and constraints on the behaviour of SOEs were among the outcomes of the EU-China investment deal As part of ‘global Britain’, the UK should look to strengthen economic cooperation with China to support its post-COVID recovery and help offset lost economic output from Brexit

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Advocacy

Innovation, Modernisation and Self-Reliance: Unpacking the Fifth Plenum

The plenary sessions approved recommendations for both the 14th Five Year Plan and longer-term strategic goals through to 2035. China’s leaders claim success in building a moderately prosperous society. Few details were announced but technological innovation and self-reliance is at the core of China’s 14th Five Year Plan.

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Advocacy

The Dual Circulation Strategy: What You Need to Know Ahead of the October Plenum

China's newly launched dual circulation strategy reiterates the government’s determination to accelerate structural economic reform. It aims to boost China’s domestic circulation by stimulating the domestic market, which should be good news for foreign companies in China. Few details on the strategy have been released so far but more specifics are likely to emerge from the 19th CPC Central Committee in October.

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Advocacy

Behind the GDP Headline: China’s Mixed Economic Recovery

China’s economy expanded by 3.2% year-on-year in the second quarter, according to official data released Thursday morning, on the back of a historic contraction in the first three months of the year as the country battled with the economic impact of COVID-19. The growth rate beat many analysts’ expectations. A poll of economists conducted by Reuters forecast GDP to grow by 2.5%, while a similar poll by Caixin predicted a growth rate of 2.9%.

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