Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
In relation to the volatile trading in China stock market, Anbound's chief researcher, Chen Gong is of the view that although there are a few incidents in the stock market, there was neither conspiracy nor illegal short selling, what really happened was a large scale movement of hot money. When the stock market hit above 4000-5000 points, it is only natural for the hot money to consider leaving the market as they have made considerable profits. As such, once market sentiment has soured, there is no way policy interventions can revive it.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Reviewing the disaster in China's stock market during summer 2015, Anbound’s chief research, Chen Gong is of the view that the overly rapid pace of financial reform and the lack of thorough and systematic considerations are the root cause to the disaster.
In responding to the sliding stock market, the authorities might want to consider these suggestions – firstly, to terminate securities margin trading, leverage finance trading and future index trading, secondly, to reduce the daily price limit to 5 percent, thirdly, be vigilant on the trade suspension and to restore market order and fourthly, to adopt similar intervening measures in commodity marke
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Since the introduction of interest rate cut and the cut on the deposit reserve ratio by the People's Bank of China, the Chinese government has since taken a serial of measures to save the stock market. Chen Gong, Anbound’s chief researcher is of the view that the target of 4,500 points is the protection line put up by the Chinese authorities as they are unclear, uncertain and unable to take control of the total size of the fund. The real motive of putting up the protection line in rescuing the stock market is to ensure that the fund belong to the bank is safe
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Alone with the continuous implementation of "Abenomics", the exchange rate of Japanese Yen has been sharply depreciated since this May. ANBOUND chief researcher Chen Gong views that it is still need to wait and see whether Abe's economic responses will make sense. For Japan, only adopting measures to reduce immigration restriction can address the economic dilemmas from the root. The various so-called and wild economic responses will generate obvious side effects in the long run, and will eventually be abandoned.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
For how to decode the "economic growth" highlighted by the central government, ANBOUND's chief researcher Chen Gong interprets it as: the economic growth does not mean “sustained growth”; the current economic policies haven’t yet deep-going studied and reflected the central minds; the importance of economic data couldn’t be overvalued; for China, the 6%-8% average economic annual growth rate is enough; the key to drive growth is not Chinese QE; the economic growth under reforms matches China m
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
China suffered great economic downward pressure in the first quarter and local economy is generally under pressure. In this context, the economic growth rate of Tianjin reached 9.3% in the first quarter, which is very impressive. However, ANBOUND research team points out that judging from the growth tendency in the future, there are risks that Tianjin might lack growth impetus in the future. With the current growth mode, the economic growth rate of Tianjin will probably fall, unless the central government continues to introduce macroeconomic stimulus measures.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Xinjiang Uygur Autonomous Region is an important region in the northwest of China. It is also a major strategic pivot of "one road, one belt". ANBOUND think tank scholars point out that stability maintenance of Xinjiang has provided foundation and conditions for the economic development and “one belt and one road. ” Xinjiang is about to experience great governance. In the future, the focus of Xinjiang should appropriately change to economic developmen
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Viewing from the macro environment, China faces a major challenge on how to pull China out from the "boom of universal financial investment", and then energize rational industrial investment. ANBOUND chief researcher Chen Gong proposes the concept of consortium institution. Comparing to other forms of legal body, the form of consortium with tradition of family and locality is more powerful and controllable. It would be a better choice to encourage the development of a group of consortiums, provide them preferential policies and credits, and specifically back their investments in industries.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
ANBOUND Chief Researcher Chen Gong recently suggests that China's"one belt and one road"strategy will encounter two main external challenges: firstly, the potential benefit to foreign market and people by“government-to-government”idea is unclear, which makes it vulnerable to the attack and resistance of the opposition and society aboard; secondly, the large number of infrastructure construction projects included in the strategy will consume major capital and generate corruptio
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Regarding the central government's One Belt and One Road campaign, ANBOUND chief researcher Chen Gong sets alarm on the problem of resource constraints when carrying out the two strategies together. One Road strategy would involve the development need of maritime strategic jurisdictions. Adjusting the New Silk Road strategy to One Belt and One Road actually brings more risks and challenges. As a traditional terrestrial power, China should have focused on strengthening its power on land.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Comparing the output value of America's sports industry accounting for 3% of GDP, China’s relevant output value only shares 0.5% of GDP, which suggests the significance of America as a real great power of sports, ANBOUND chief researcher Chen Gong views that if China’s football activity could be boosted to the level of America’s rugby, the industrial size of China’s sports can reach 2.4 trillion yuan. China is considered to be a big power of Olympic golden medals, but the development status of sports actually is a "pupil" in the arena of international spo
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
For China's uncountable wealth accumulated in the past 30 years due to fast economic growth, ANBOUND chief researcher Chen Gong considers that China should thank for five contributors: growth of external investment; quick depreciation of natural resources; China’s labor capital; free trade after opening-up and reform; and the ignorance of the institutional system. However, the engines drive China’s wealth accumulation now are weakening one by one, the future outlook is worrisome, which suggests that the wealth accumulation has been in the key turning poin
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
ANBOUND's chief researcher Chen Gong, who has studied the New Silk Road issue for long time, warns that China's current resource and conditions can not build "the belt and road" simultaneously, but to centralize the resources to promote the "new silk road", stabilize Xinjiang Province and explore the central Asia. In this case, the central government has to give up part of the highbrow expectation and political wills, implement practical measures, focus on national interest, and take advantage of "Marshall Plan" as strategic tool in terms of system and mechanism, in order to gain the dominant power over trade and strategy based on China's land power.
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
Considering China's many island militarization projects across the East and South Sea, ANBOUND chief researcher Chen Gong suggests that the series of projects actually has formed a defense chain from East Sea to South China Sea, which includes an entire island chain strategy. The strategy can not only increase China’s power on geopolitics, but strengthen and expand the sea area under China’s control, so that to boost China’s real maritime influence and strong position that can not be ignor
Chen Gong
Chief Researcher, Anbound Think Tank
ANBOUND
The request to China's economic growth proposed by the "new normal" actually will pressure China’s economic transition by growth target. However, the transition result is complex from the financial perspective. For ANBOUND chief researcher Chen Gong, time will tell that whether the transition of financial industry is involved in the “new normal” strategic concerns. Generally, lessons from other countries suggest that control can never catch up with the pace of market, and major risks are likely to emerge occasional
