People's Daily Online Business Podcast, an inside look at China's business, is an audio program featuring some of the foremost China experts from around the globe. Li Zhenyu is the producer and host.
Special Advisor: Li Shengjiao and Shi Mingshen
APEC Secretariat Executive Director Alan Bollard joins the Elite Talk during the APEC meetings to talk about the hotly-discussed Free Trade Area of the Asia Pacific (FTAAP). “We do see that (FTAAP) as being the big goal out into the future,” said Bollard.
Among the comprehensive list of China's economic reform pledges issued recently after the landmark Third Plenum, financial reform is high on the agenda. Foreign exchange rate, interest rate and capital account reforms are among the three most important areas in China's overall financial reform.
China's economic transition is set to get on the fast track following the recent conclusion of the landmark Third Plenum. The reform plan signaled China's greater efforts to improve its investment environment. So, what will be the new opportunities for global investors in a post-Third Plenum era?
The financial reform is considered one of the top priorities for China's economic reforms. Timothy Adams, President and CEO of the IIF, applauded Beijing's efforts in pushing forward the financial reforms and believes that the next critical step in China's financial reforms is finding the right pace.
The recent introduction of a raft of liberalization measures and the establishment of a FTZ in Shanghai could well reflect Beijing's determination to push ahead with reforms in the financial sector. To further implement the reforms, are there any areas that China should pay special attention to?
Curtailing shadow banking is necessary for ensuring the stability of China's financial system because of the risks it posed outside the constraints of bank regulations; however, in an economy that relies heavily on credit expansion, such measures will also weaken China's growth. How to solve this dilemma?
Timothy Adams is the current President and CEO of the Institute of International Finance (IIF) and a former Undersecretary for International Affairs at the U.S. Department of the Treasury. He recently shared with us his takes on the reforms in China's capital markets.
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