Research

Highlights of this edition: State-Owned Enterprise Reform Expected in Early 2015; China’s Economy Adjusts to the “New Normal”; China’s Repeated Fuel Tax Hikes Criticized as Excessive; Finance Experts Grapple with Risky Internet Lending; Fall of the Russian Ruble Hurts Chinese Automakers.
China’s land reclamation activities at Fiery Cross Reef likely will result in its first airstrip in the disputed Spratly Islands, which would allow the People’s Liberation Army to alleviate some of its logistical and power projection deficiencies in the South China Sea. This paper analyzes the…
Here are the highlights of this month’s edition: • Bilateral trade: October monthly deficit declines 3.2 percent on the strength of U.S. exports to China, but overall trade deficit on track for another record in 2014. • Bilateral policy issues: China pushes FTAAP, meets with Japan, signs South…
Highlights of this edition: Former People’s Liberation Army Air Force Pilot Cites Improved Radar Capabilities in Dismissing F-22 Superiority over J-11; PLA Daily Lauds Disaster Relief Cooperation between People’s Liberation Army and People’s Armed Police; Phoenix Weekly Reveals Scale of Xu Caihou’s…
This report examines the context and implications of satellite imagery of an IL-78/MIDAS air refueling tanker at a Chinese military airbase.
As the number of civil aviation users increases and the aviation industry continues to mature in China, Beijing seeks to strike a balance between liberalizing its airspace to respond to growing commercial demands and retaining a strict military hold on airspace for the purpose of national security…
Highlights of this edition: President Xi’s Plenum Speech Emphasizes the Law; Chinese Scholars Debate Rule of Law and the Economy; Chinese Journalist Imprisoned for Corporate Slander; People’s Daily Analyzes Party Legitimacy and China-Russia Relations; People’s Daily Comments on International…
Key Points: Since its last overhaul in 1994, China’s flawed fiscal system has muddled through. Local debt, slowing revenue, and greater spending obligations are now spurring a new round of reform under President Xi Jinping; By eliminating the so-called “business tax,” Beijing is allowing services…
Key Points• Chinese authorities have used Hong Kong’s position as a global financial center to promote the use of the RMB abroad. Hong Kong is the oldest and largest market for offshore RMB transactions, and will remain so despite the emergence of several other offshore contenders. • To date, RMB…
In May 2014, Alibaba, China’s leading e-commerce website, filed for a U.S.-based initial public offering (IPO) in what is expected to be one of the largest in U.S. history. The highly anticipated IPO will be just one in a recent wave of Chinese Internet companies launching IPOs in the United States…