China’s major strategic plans in recent years include the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the integration of Yangtze River Delta cities, the coordinated development of Beijing Tianjin and Hebei, and Xiong’an New Area. These plans all demonstrate the importance of urbanization for China’s development. Read more
BRI Projects in ASEAN: Implementation, Mechanism
As a key strategic partner of China, ASEAN is an important participant in the development of the Belt and Road Initiative (BRI). ASEAN has made a commitment to link its Master Plan on ASEAN Connectivity 2025 with the BRI and accelerate its infrastructure development on the great momentum brought about by the BRI. At present, the BRI has achieved general strategic alignment with ASEAN countries. Read more
Late-Development Advantages Help China
Knowledge spillover from developed countries means cheaper learning costs that can be applied to all sectors. A country's growth is not only driven by labor, savings and capital accumulation, but also by technological progress and institutional reforms.
Cheap and abundant labor is the most often-mentioned comparative advantage of developing countries. However, this has not been the only reason for the robust development of China over the past four decades. In fact, the country experienced a labor shortage about a decade ago, and its economic growth could have been stagnated like many other developing countries if China had not reformed its institutions. Read more
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World Economic Forum Lead Writer Interviews CDI Experts
On June 28, Peter Vanham, lead writer and US Media Lead of World Economic Forum, interviewed Dr. Liu Guohong and Dr. Liu Yu of CDI. Discussion surrounded Shenzhen Special Economic Zone’s success, its construct, and replicatory value for other developing countries, and the relationship between global climate change and world economic growth. Stable political and social environment is crucial prerequisite for the development of SEZ, said Dr. Liu Guohong. In terms of the ongoing struggle to balance reducing carbon footprint and maintaining economic growth, Dr. Liu Yu believes that climate change does not necessarily restrict economic growth. On the contrary, new business opportunities have risen along new energy and related industries, as seen in electric cars manufacturing.
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HSBC Delegation Visits CDI
On June 27, HSBC delegation led by Mr. Steward James, Head of Group Public Affairs, Asia-Pacific, visited CDI. Discussion surrounded important aspects of Guangdong-Hong Kong-Macao Greater Bay Area, such as free movement of talents, research equipment and capital etc., as well as further opening up towards Hong Kong and Macao free ports. Hong Kong serves as a platform for both “going-out” of mainland enterprises, which is crucial for BRI related projects, and international players coming into mainland China, which also contributes to prosperity of GBA, said Dr. Guo Wanda, Executive Vice President of CDI.
During the meeting, he also suggested that in case of Brexit, UK’s cooperation mechanism with EU members, such as Ireland, will be most valuable example for the development of GBA, especially in terms of economic, trade and cross border exchange. In terms of recent issues seen in projects along BRI countries, China is working strongly towards increasing transparency and financial diversity to reduce barrier for multilateral development banks and international enterprises to partake in BRI projects.
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China-Germany/EU Industry & Investment Workshop
Experts from the German Development Institute (DIE), the Kiel Institute for the World Economy, the Cologne Institute for Economic Research (IW), the University of Würzburg (JMU), Economics Ministries of North Rhine-Westphalia and Hessen, CDI, the Chinese Academy of Social Sciences (CASS), and the Shanghai Institutes for International Studies, discussed developments in industry and foreign investment of interest from a Chinese and German/EU perspective and identified opportunities and challenges for increased cooperation in the areas of industrial policy and foreign investment between China and Germany/EU.
“The key now is how to define top talent,” he said, adding that it would not be long before the Shenzhen government releases specific standards. He said the city’s most urgent need was professionals in electronics and telecommunications: “In short, all the sectors where China sees itself being contained by the US, technology wise.” Read more
Based in Shenzhen, Guangdong Province, China Development Institute (CDI) is a non-governmental and market-oriented think tank which was founded in 1989 on approval from the Chinese State Council. CDI was designated as one of the 25 China Top Think Tanks in 2015.
CDI develops solutions to public policy challenges through broad-scope and in-depth research to help advance China’s reform and opening-up. CDI is committed to providing proactive, innovative and practical research and consultation for China’s central and local governments and businesses at home and abroad. Its research and consultation is centered on macro strategy, regional economy, urbanization, industrial development, business strategy and decision-making.