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18 Jan, 5 tweets, 2 min read
In a recent article, @SunMingchun discussed the economic outlook of Chinese mainland, Hong Kong, and the US in 2021: new.cf40.org.cn/uploads/202101… #economics 1/5
The US economy is expected to recover from a low position but will hardly resume to the pre-pandemic level in 2019. The spread of the virus remains to be the biggest obstacle to the economic recovery in the US. 2/5
Chinese economy will continue to recover in 2021 and is expected to achieve a real growth rate of 7%. 3/5
In 2021,mainland will further increase investment in sci/ tech research &development, and a large amount of capital will enter "new infrastructure". This will not only help stabilize investment, but will also foster the development of mid- and downstream industries. 4/5
After seeing the deepest and most enduring recession in 2020, the Hong Kong economy in 2021 is expected to see moderate growth and achieve a growth of around 3%. Also, its financial market may see immense possibilities in the new year. 5/5 Image

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More from @ChinaFinance40

China Finance 40 Forum (CF40) Profile picture
21 Jan
China will adhere to the supply-side structural reform while paying attention to #demand management, addressing the obstacles to economic circulation and improving weak links.
What are and how to address the major obstacles to the management of domestic demand? How should China step up policy efforts to further boost #consumption?
According to CF40 Member Wu Ge, the proposal to expand domestic demand through demand management and stimulating domestic circulation came at the right time given the plunge in consumption due to the pandemic. The major obstacle to demand management lies in the consumer sector.
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China Finance 40 Forum (CF40) Profile picture
20 Jan
In 2020, China proposed the new development pattern based on “#dual_circulation” with domestic and international markets reinforcing each other. According to Zhao Changwen, such a pattern will need an innovation-friendly financial system: new.cf40.org.cn/uploads/202010… 1/6
First, an innovation-friendly financial system should be able to help the country seize the opportunities brought by the new round of technological revolution or industrial revolution. 2/6
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China Finance 40 Forum (CF40) Profile picture
19 Jan
China is halting the rise in CO2 emissions before 2030 and going carbon neutral before 2060. It's not the only country to declare the target within the time frame, but it's the most important country to do so, said Jin Liqun, @AIIB_Official president, at the 2nd Bund Summit. 1/6
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China Finance 40 Forum (CF40) Profile picture
12 Jan
In a recent article, @SunMingchun discussed the economic outlook of Chinese mainland, Hong Kong, and the US in 2021: new.cf40.org.cn/uploads/202101… #economics 1/5
The US economy is expected to recover from a low position but may hardly resume to the pre-pandemic level in 2019. The spread of the virus remains to be the biggest obstacle to the economic recovery in the US. 2/5
Chinese economy will continue to recover in 2021 and is expected to achieve a real growth rate of 7%. 3/5
Read 5 tweets
China Finance 40 Forum (CF40) Profile picture
11 Jan
According to CF40 Nonresident Senior Fellow and former CSRC Chairman Xiao Gang, China will face three major changes in its domestic and international environment that have important implications for its economic and financial development during the 14th Five-Year Plan. 1/7
1. Its demographic dividend and the advantage of low labor cost are diminishing;
2. It no longer enjoys the “latecomer’s advantage”;
3. Its relatively favorable external environment is undergoing profound changes. 2/7
Against this backdrop, Xiao says it’s imperative that China explores and unleashes the new advantage of its super-large market. He proposes several policy suggestions to this end. 3/7
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China Finance 40 Forum (CF40) Profile picture
10 Jan
Developing a diversified #pension finance system is now high on China’s agenda. China’s financial regulator is actively pushing forward the development of pension finance, encouraging the banking and insurance industries to provide more diversified pension products. 1/5
At a recent CF40 seminar,experts said the development of the third-pillar pension system in China is facing 2 major challenges:1.Acceleration in population aging means that the establishment of the third-pillar pension system will need more than routine reform measures;2/5
2. Both the design of and regulatory framework for pension products need to be further optimized: cf40.com/en/news_detail… 3/5
Read 5 tweets

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