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Sep 3, 2024 | 
piie.com | Tianlei Huang |Nicolas Véron
This half-yearly PIIE tracker of the respective shares of state-owned, mixed-ownership, and privately-owned companies among China's largest companies shows that the private sector has been losing ground while the state has been gaining greater shares among China's top ranked corporations in recent years.
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Jul 24, 2024 | 
milkenreview.org | Mary E. Lovely |Tianlei Huang
mary lovely is the Anthony Solomon Senior Fellow at the Peterson Institute in Washington. tianlei huang is a research fellow at Peterson. Published July 24, 2024 It was inevitable that China’s economy would eventually slow down: No country in modern times has grown so fast for so long.
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Jul 5, 2024 | 
piie.com | Tianlei Huang
China’s boom-and-bust housing market is partly driven by local governments’ heavy reliance on expanding the real estate market to provide a major source of income. Since 2022, the downturn in the housing market has hurt local government finances and exposed a vulnerable system in need of reform. Chinese local governments create revenue from land through two channels: selling land usage rights and collecting land and property-related taxes.
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Jun 25, 2024 | 
thinkchina.sg | Tianlei Huang
A mismatch between localities that need housing and those with excess supply could stymie China’s efforts to revive the property sector, says PIIE researcher Tianlei Huang. On 17 May, China announced a new policy package to address the property downturn. Among the measures introduced, one standout initiative was the establishment of a new relending facility worth 300 billion RMB by the People’s Bank of China (PBOC).
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Mar 19, 2024 | 
piie.com | Tianlei Huang
Expansionary fiscal policy helped China's economy grow in 2020, a year in which most economies contracted because of the COVID-19 pandemic. Amid a broader pivot to policy and regulatory tightening, fiscal support was withdrawn in 2021. In 2022, government budget turned expansionary to ensure economic stability ahead of the Communist Party Congress, but the execution fell short and fiscal policy ended up being weaker than planned.
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Jul 31, 2023 | 
piie.com | Tianlei Huang |Mary E. Lovely
After three years of COVID isolation, China was hoping to enjoy a strong economic rebound, powered in part by private economic activity. To boost morale, the Chinese leadership has repeatedly pledged support to the private sector this year, including the announcement in July of a 31-point pledge to support nonstate business entrepreneurship. But the private sector growth that the government was hoping to see has not happened.
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Jul 7, 2023 | 
blogarama.com | Tianlei Huang
Authors: Nicholas R Lardy and Tianlei Huang, Peterson Institute for International EconomicsThe US and Chinese economies are closely interconnected, but their ties are eroding. Despite record levels of US–China bilateral trade in 2022, the trading relationship is becoming less interdependent. Rising tensions between Washington and Beijing are driving US and Chinese investors away from each market.
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Jul 6, 2023 | 
eastasiaforum.org | Tianlei Huang |Shreya Sharma |Nick Mulder |Paul Chambers
Authors: Nicholas R Lardy and Tianlei Huang, Peterson Institute for International EconomicsThe US and Chinese economies are closely interconnected, but their ties are eroding. Despite record levels of US–China bilateral trade in 2022, the trading relationship is becoming less interdependent. Rising tensions between Washington and Beijing are driving US and Chinese investors away from each market. Perhaps the most consequential aspect of US–China decoupling is in technology.
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Jun 30, 2023 | 
caixinglobal.com | Tianlei Huang
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The ongoing property downturn in China has taken a harsh toll on local governments, adding to the urgency of finding more sustainable sources of revenue for them other than land sales.
As a new Peterson Institute working paper discusses, a nationwide property tax seems a suitable candidate.
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Jun 14, 2023 | 
piie.com | Tianlei Huang
Body The scenic lakeshore city of Dali in southwestern China, renowned for its ancient pagodas and peaceful vibe, has been a favorite tourist spot for many years. Last January and February, after China abandoned the zero-COVID doctrine and eliminated virtually all domestic travel restrictions, Dali prefecture received nearly 20 million tourists, more than five times the size of its own population, making it one of the most visited destinations across China.
