Investors reacted enthusiastically as China published its plans for economic reforms, but implementing the plans is going to be a lot of hard work, tells financial analyst Fraser Howie of Newedge WSJ’s wealth editor Wei Gu. And yes, the market will be bigger, but Shanghai will not replace Hong Kong as a financial center
Labor camps, the one-child policy, hukou’s, pollution, internet censorship, state-owned companies, energy policy: they are just a few of the subjects that appeared last week in the 21,000 character document released after the Third Plenum of the Communist Party, spelling out reform plans for the coming years.
The +China Weekly Hangout plans to discuss some of those plans and will ask panelist whether the Third Plenum did bear a mouse or an elephant. Pending a few logistical challenges, we will hold our online meeting on 21 November at 10pm Beijing time, 3pm CET and 9am EST. We will pick subjects, depending on the expertise of the people joining us on Thursday, and summarize with the question how likely it is president Xi Jinping will pull off the planned reforms.
Is China going to collapse under the burden of its debts? Yes, if they do not play their cards rights, tells Sara Hsu, leading expert on shadow banking in China at the China Weekly Hangout on August 30. Questions are asked by Fons Tuinstra of the China Speakers Bureau.