19 October 2019

Andrew Sheng

Distinguished Fellow of the Fung Global Institute and a member of the UNEP Advisory Council on Sustainable Finance
  • Chinese leader Xi Jinping and US President Donald Trump reiterated their commitment to maintaining a positive relationship during Xi's recent visit to Trump's Florida estate. Photo: Reuters

    How US, China can tackle the employment challenge

    - Apr 27, 2017 11:34am
    Donald Trump’s rise to power in the United States involved more than a little China-bashing. Yet, with Chinese President Xi Jinping’s visit to Trump’s Florida estate earlier this month, it seems that the status quo in...
  • Two decades after the Asian financial crisis, there has been little progress in institutionalizing Asian financial intermediaries that will channel savings to high-return projects within the region. Image credit:

    Putting Asia’s savings to work in Asia

    - Feb 22, 2017 1:21pm
    For more than three decades, Asia has experienced faster economic growth than any other region in the world. As it has developed, Asia has been exporting its savings, through a trade surplus with the United States,...
  • US President Donald Trump has accused China of intentionally devaluing the renminbi in order to boost its export competitiveness. But the truth is quite the opposite. Photo: Reuters

    Trumping the renminbi

    - Feb 1, 2017 9:44am
    At the recently concluded World Economic Forum Annual Meeting in Davos, Switzerland, Chinese President Xi Jinping mounted a robust defense of globalization, reaffirming his country’s “open door” policy and pledging never to seek to start a...
  • Property prices in Shenzhen jumped 76% since the start of 2015, bringing a typical home to US$800,000, just below the average home price in Silicon Valley, an expert pointed out. Photo: China News

    Keynes and Hayek in China’s property markets

    - Sep 27, 2016 9:36am
    Real-estate prices in China’s top cities are spiking, generating contradictory predictions of either bursting bubbles or a coming economic turnaround. What’s really going on in the market? The National Bureau of Statistics (NBS) revealed last week...
  • A poultry farmer uses online platform to sell free-range chicken. China’s online retail sales have surged in recent years to 12.9 percent of the total. Photo: Xinhua

    How e-commerce is driving China consumption growth

    - Aug 29, 2016 10:36am
    China’s transformation from a manufacturing-driven and export-led economy to one underpinned by services and domestic consumption is firmly under way. And that’s good news not just for China but also for the future of the global...
  • Powered by its tech focus, Guangdong’s GDP grew by 7.4 percent in the first half, far better than the 6.7 percent national rate. Photo: CNSA

    Beyond structural reform in China

    - Aug 1, 2016 10:03am
    Global markets have breathed a sigh of relief. Following the shock of the United Kingdom’s vote to exit the European Union, GDP data indicate that China’s economy seems to have escaped a slump, with annual growth...
  • Sticking to the old SOE model is no longer an option for China. Photo: AFP

    Chinese state-owned enterprises at crossroads

    - Jun 29, 2016 9:10am
    China has lately been facing harsh criticism for the direction of its reforms of state-owned enterprises, particularly its strengthening of the role of Communist Party committees in SOE management. But while this might seem like a...
  • Ham-handed moves by regulators have added to the problems in China's financial markets. Photo: Bloomberg

    China’s transparency problem

    - Feb 1, 2016 8:34am
    The Chinese economy has caught a surprisingly severe cold this winter – a cold so bad that almost all global markets are sneezing. During the first two weeks of 2016, the Shanghai Composite Index fell 18...
  • China’s 13th Five-Year Plan is aimed at enabling the country to graduate from middle-income status by 2020. Photo: Bloomberg

    How China can keep up reform momentum at upcoming Fifth Plenum

    - Oct 23, 2015 8:39am
    The Chinese government’s intervention in the stock market and devaluation of the renminbi this summer provided a loud reminder that economic developments in China affect everyone. Now, China is set to take some more world-shaping decisions...
  • China needs to promote domestic consumption to offset stagnation elsewhere, while also ensuring that state and market forces work reliably in concert. Photo: Bloomberg

    Facing down secular stagnation in China

    - Aug 18, 2015 10:41am
    Secular stagnation is looming worldwide, and China is no exception. Globally, the unprecedented monetary and fiscal stimulus following the 2008 financial crisis has caused debt, equity, and property prices to peak, even as trade and investment...
  • The real test facing Chinese authorities is whether they will resist the urge for intervention and allow market forces to propel the business cycle. Photo: Bloomberg

    Channeling China’s animal spirits

    - May 27, 2015 10:27am
    The People’s Bank of China (PBoC) has cut interest rates for the third time in six months in order to lighten the debt burdens of companies and local governments. But the central bank’s monetary easing –...
  • Finance Minister Lou Jiwei (right) toasts guests at the signing ceremony for the Asian Infrastructure Investment Bank in Beijing in October. Photo: AFP

    AIIB will benefit global governance

    - Apr 28, 2015 8:16am
    Despite official US and Japanese opposition, 57 countries have opted to be among the founding members of the China-led Asian Infrastructure Investment Bank (AIIB). Regardless of what naysayers believe, this remarkable turn of events can only...
  • Mistakes, such as the creation of ghost towns like Ordos in Inner Mongolia, are inevitable; but whether they are learned from is crucial. Photo: imaginechina

    China’s trial-and-error economy

    - Mar 30, 2015 8:50am
    Prime Minister Li Keqiang’s work plan for 2015, revealed at this month’s National People’s Congress, highlighted the country’s shift to a “new normal” of 7 percent economic growth. The shift to slower growth poses serious challenges,...
  • The transition from a dual-track economy to a market-based economy will not be easy but in the end, sustainable development will require that China’s two economic tracks merge. Photo: Internet

    What to do about China’s two-track economy?

    - Feb 27, 2015 11:21am
    With China’s economic slowdown more apparent than ever, its prospects of avoiding a hard landing are weakening. Whether policymakers succeed will depend on whether they can navigate the challenges stemming from an increasingly divided dual-track economy....