Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
The public-private partnership (PPP) model from developed countries is experiencing problems in China.
Anbound's chief researcher Chen Gong suggested that this is rooted in different market and policy environment in China.
If there are mass entries of PPP projects, there will be a large number of project backlogs.
PPP projects in China are more suitable for developed areas, not poorer areas. Local governments, especially those of poorer area should chose bonds to raise fund instead of using PPP.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Anbound's chief researcher, Chen Gong has earlier indicated that the problems faced by Hong Kong’ linked exchange rate system (LERS) will be different.
Firstly, there will be no distinct phases and cycles.
Secondly, both the capital outflows from China and the capital inflows from abroad will affect Hong Kong’s LERS.
Thirdly, both China and United States’ Federal Reserve will jointly attempt to stabilize the market, the free market will be more volatile as a result of the continuous interventions made by these governmen
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Anbound's chief researcher, Chen Gong , is of the view that from the perspective of economic analysis, it is very difficult for China and Japan to move towards peace.
Abe is the main reason for this situation.
Abenomics has far reaching impacts on the region’s safety, prolonging the antagonism and tension between China and Japan.
The possibility that the tension between China and Japan might be elevated cannot be ruled out and for Abenomics, this means a political ruse to increase military expenses
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
The world is experiencing an unprecedented refugee situation, taking Europe as an example; Europe which used to be peaceful is now facing the most severe refugee crisis since World War Two.
Anbound's chief researcher, Chen Gong, suggests that China should establish its own international refugee policy, including the standards, resettlements, employment, education, living, health care etc. to absorb some of the young middle class international refugee to China and to relax its immigration policy to certain extent.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
The story of the China's stock market has yet to reach the last chapter, Chen Gong, Anbound’s chief researcher, however, thinks that is unwise for the government to put emphasis on the stock market.
The government should stimulate economic growth and champion reform so that the market remains hopeful of the prospect of the economic cake and naturally, the market sentiment will improve, and the securities market, too, will stabilize.
The goal of the public policy should be adjusted; the focus should be on the economy, not the stock market
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Last Friday, the slumping stock market in the Europe and the United States caused the Asian stock market to tumble. It is likely that the stock market in the United states will continue to plunge on Tuesday morning and Hong Kong will follow suit on the day after. Following which, China's stock market too, would fell again.
Anbound’s chief researcher, Chen Gong is of the view that this is an "interactive reaction" of the capital market.
In the age of globalization, such interactive reaction is the inevitable consequences of capital liberalization, market should adapt and get used to this
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
When asked about the pungent odor in the air during his visit to the site of the Tianjin 8/12 blasts, the staff explained to Premier Li Keqiang that the odor came from chloride and chlorobenzene substances and claimed that the monitoring results showed that currently these substances are within the normal range.
It is obvious that the results furnished by the monitoring department of the Environmental Protection Agency (EPA) is not convincing.
Anbound's chief researcher, Chen Gong claims that it is usual for the subordinate in governmental departments to answer the superior’s question speciously
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Anbound's chief researcher, Chen Gong is of the view that the recent adjustments to the exchange rate formation mechanism will give rise to the following impacts: -
(i)RMB might not be stabilized at all;
(ii)The possibly limited impact on China’s manufacturing sector;
(iii)It is highly possible that there might be tax rise after the devaluation of RMB ;
(iv)The internationalization of RMB could be affected greatly;
(v)Overseas investment and tourism will be affected;
(vi)The implementation of the Belt and Road initiative will be affected; and
(vii)The USD-denominated debt for Chinese enterprises will increase
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
While presenting an excellent development opportunity to Xinjiang, the Silk Road Economic Belt too demands Xinjiang to upgrade its development.
Anbound's chief researcher, Chen Gong is of the view that the following six factors are of more significance : -
(i)A stable society with order;
(ii)The construction of basic infrastructure;
(iii)A complete and open information system;
(iv)High speed railway;
(v)The internationalization of Urumqi; and
(vi)The development of education.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Anbound's chief researcher, Chen Gong points out that it is possible that a global crisis is coming and its scale and depth could be unprecedented.
So long China's macroeconomic control policies succeed in regulating the state-owned enterprises and the governmental bodies then the economy will not have a big problem.
The key is to predict and judge the situation and the finance outlook accurately and take the correct policy direction instead of blindly believing in the so-called "reform bull" market.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
The aluminium sector, a loss making state-owned enterprises, has been under the spotlight and immense pressure.
Anbound's chief analyst, Chen Gong suggests that in order to make up the deficit, benefiting both the enterprises and the nation, the aluminium sector should focus on the macro strategy and invest on industry that has future prospect.
The aluminium sector is hopeful in the long term because the global capital is still lacking liquidity and there are only a handful of enterprises that have the positions, therefore so long as the China’s aluminium sector makes proper adjustment to its investment in an orderly manner, then it is possible to make up the deficit
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Despite the market rescue measures, the China's stock market remains weak, leaving both the domestic investor and the government anxious. Anbound’s chief researcher, Chen Gong is of the view that the government should take a broader view of the problems in respect of China’s economy and market development. This is because there are issues that are far more important than the crashing stock market in China’s current economy and social development that need immediate attention of the policy make
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Anbound's chief researcher, Chen Gong points out that based on the research reports published by the Goldman Sachs Group, the underlying trend largely reflected the reality.
Although United States did not meet the optimistic expectation neither did it perform as badly as predicted by the pessimistic voice.
China’s economy will fluctuate within the "bits and pieces" framework and it could be deemed as huge success if China could maintain such performance in the next five years
