17 December 2018

Liao Qun

General manager and chief economist of research department, China CITIC Bank International Ltd.
  • China’s macro tax burden ratio is higher than those of most developing nations and those of some developed countries including the US. Photo: Bloomberg

    Why China’s tax burden ratio does not make sense

    - Mar 4, 2016 1:13pm
    The debate over whether China should cut taxes is heating up as the nation pushes supply-side reform. Generally, you arrive at a country’s macro tax burden ratio by dividing tax revenue by gross domestic product (GDP)....
  • Chief Executive Leung Chun-ying said Hong Kong should actively participate in the OBOR initiative. Photo: HKEJ

    How HK should play its role in OBOR initiative

    - Feb 8, 2016 8:02am
    The biggest theme of Chief Executive Leung Chun-ying’s policy address for 2016 is the One Belt, One Road (OBOR) initiative. He said Hong Kong should actively participate in the OBOR initiative by serving as its platform...
  • To grow its GDP, Hong Kong should encourage more professionals from the mainland to come to the city and contribute to its economy. Photo: Xinhua

    GDP is more crucial than GNP for Hong Kong now

    - Jan 1, 2016 8:02am
    Is it more important to encourage Hong Kong talent in professional services to work in the mainland, or to attract mainland talent to Hong Kong? Which would be better to boost Hong Kong’s economy? From a...
  • The renmbinbi could weaken further against the US dollar as the Fed begins to raise interest rates. Photo: Bloomberg

    Renminbi likely to keep depreciating over the short term

    - Oct 3, 2015 8:02am
    The People’s Bank of China announced an abrupt reform on Aug. 11 of the daily fixing for the renminbi. The move triggered a 2.7 percent depreciation of the Chinese currency against the US dollar, and further weakening of...

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