Amid China's third plenum, expert says Beijing needs to tackle short-term cyclical problems

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Published 2024-07-16
Keyu Jin, economist and author of the New China Playbook, tells CNA’s East Asia Tonight about her expectations for China’s ongoing third plenum and what is so unique about its style of modernisation. The Associate Professor of Economics at the London School of Economics also gives her thoughts on factors that Beijing officials would have to consider as they map out reform for the coming years.

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All Comments (21)
  • @Souchirouu
    Employment will continue to be a growing problem globally. The more we automate the more jobs disappear. Working towards a society where living life is your job and building in systems to encourage people's passion and curiosity to put their time into things that add positivity to their own lives and that of others should be key.
  • Really liked this guest. She did not hesitate to express her knowledge fully.
  • Tibet GDP grew 9.8% in 2023. Indian near Tibet: 😭Tibet has 20 times bigger gdp per capita than my inddia 0ccupied tibet..
  • @user-ys5qp4bq4s  Deng went to Thailand, Malaysia, Japan and america too. He simply came over here to have a better understanding how a small country like Singapore with the help of western countries and Japan developed their economy. They might took some advices that suited their huge country with different culture/texture development needs, hence he open up China in late 1978. Their economy grew tremendously after they joined WTO in 2001. Modeling Singapore economy is a farfetch belief from you with their.huge.population, land mass and different local cultures and conditions. Do Singapore has companies like BYD, HUAWEI, SPACE STATION, DJI, MI. ......BDS.....and many others?! Go figure, and remember what your mother told you Humility is a Virtue. Lacking of it leads you to arrogance and ignorance.
  • @chaz4609
    Jai Hind. Xi's new jargon for the Third plenum is Starting a new journey in the New era.
  • She is right that China should be doing stimulus rather than austerity measures. China asked government not to hold banquets meetings thereby hitting hospitality industry, China asked all financial institutions to cut salaries of all their executives thereby asking high end talents to go back to this countries for better pay, China asked publishing printing houses not to spend thereby suffocating the papers industries, China cracks down on education industry thereby putting millions jobless, China crackdown on its tech industry thereby making Alibaba, and Alipay hit rock bottom, China cracks down on foreign consulting firms, China’s unclear data laws thereby making majority of foreign institutions who were serving ASEAN and Asian market from China move out, millions of high end employees got redundant. State intervention and policies without any communication or timeline makes business environment toxic. How will government builds confidence from here on needs to be seen, the private sector market doesn’t trust the government anymore.
  • Easy for this professor say do this n that when she doesn't have any real economic data at all.
  • I deeply express my respect and heartfelt gratitude for President Xi's recognition and trust, as well as thanks to the host and the esteemed Keyu Jin, economist and author of The New China, for their insightful analysis and perspectives. I will continue to shoulder this responsibility of over 100 billion USD, persist in designing, and move forward together with everyone. Thank you.
  • It's rich that "China's model is unique" comes out of Singaporean media when China literally takes it from Singapore.