Is China a market economy?

China anti-dumping case

Authors: Gary Clyde Hufbauer and Cathleen Cimino-Isaacs, PIIE

There’s a potential mega-battle brewing over trade rules and the provision of market economy status for China that could reach the World Trade Organization (WTO) in 2016.

Whether particular countries grant China market economy status has important implications for the adjudication of anti-dumping cases. Read more…

Can China beat deflation?

Buyers inspect model housing developments amid the second month of rising Chinese house prices in June 2015. (Photo: AAP).

Author: Yu Yongding, CASS

At a time of slowing economic growth and massive corporate debts, a deflationary spiral would be China’s worst nightmare. And the risk is mounting. The producer price index (PPI) has been in negative territory for 39 consecutive months, since February 2012. Read more…

Time for a new look at China’s SOEs

State Grid

Authors: Mei (Lisa) Wang, NERI; Zhen Qi, ANU; and Jijing Zhang, CITIC

The rapid rise of China’s outbound direct investment (ODI) in the past decade is a significant economic phenomenon — one met with a lot of resistance in some destination countries, particularly due to the abundance of state-owned enterprises (SOEs). Read more…

Reforms can secure Papua New Guinea’s growth

The Motu stilt village in Port Moresby March 22, 2014. They were rebuilt in all-Australian building materials, corrugated iron and fibrocement and the people have retained many traditional Motu customs. (Photo: AAP)

Author: Paul Holden, PPSDI

Papua New Guinea’s recent period of exponential growth places it among the world’s most rapidly developing economies.

Between 2005 and 2014, PNG’s economy expanded at a real annual rate of 6.6 per cent and income per capita reached US$2,081. Read more…

China’s challenges drive experiment-driven reforms

A Chinese netizen browses an online shopping website owned by, a Chinese startup backed by the Alibaba Group, on his computer in Tianjin, China, 28 November 2014. (Photo: AAP).

Authors: Andrew Sheng, Asia Global Institute; and Xiao Geng, HKU and IFF

Five years ago, few would have expected that China would produce four of the top ten global internet companies (by number of visitors) — Alibaba, Baidu, Tencent, and Sohu — as well as innovative multinationals like Huawei and Xiaomi. Read more…

Strong export growth in Vietnam masks underlying challenges

Vietnam's export boom may be overshadowing some structural problems. (Photo: AAP).

Author: Suiwah Leung, ANU

Unlike many countries in Asia, and indeed in the world, Vietnam is for the moment blessed with a raft of positive economic news. But beneath the surface, structural problems and a lack of industrial deepening persist.  Read more…

Realising India’s economic potential

Indian labourers work at a brick manufacturing unit on the outskirts of Hyderabad on 2 March 2015. India's factory output in February grew at its slowest pace in five months as business demands remained dim. (Photo: AAP)

Author: Peter Drysdale, East Asia Forum

India is a very large labour-abundant economy with a rapidly growing workforce and its manufacturing sector might be expected to be the primary driver of its economic growth. In fact, the manufacturing sector has contributed little to income growth and its share in total merchandise exports has been declining, as recent OECD analysis points out. Read more…