“Once the economic conditions stabilize, I would expect a return to whatever was happening prior to November 2022,” says Chen Zhiwu, a professor of finance at the University of Hong Kong.
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Chen Zhiwu, one of several leading economists who expect Beijing to push through a series of pro-growth policies, said he expects 2023’s target will be “6 per cent or higher” — much higher than the IMF’s projection of 4.4 per cent. “Given that they may aim for an average growth rate of 5 per cent and 2022 is likely to deliver about 3 per cent, they need to have something like 7 per cent for 2023,” says Chen, a professor of finance at Hong Kong University. Several other economists have predicted 2023 GDP growth at above 5 per cent.
“Given the geopolitical environment, the impact of Covid zero and the domestic political changes in China, Citic Securities probably has no other choice but to make CLSA more domestic-Chinese client focused,” said Chen Zhiwu, chair professor of finance at Hong Kong University.
“It’s a long way to go before we can say there is such a thing as petro-renminbi,” said Chen Zhiwu, chair professor of finance at the University of Hong Kong.
Zhiwu Chen, a finance professor at the University of Hong Kong, said he felt authorities hoped the infections would usher in sufficient immunity within three or four months, allowing small and medium -sized businesses to rebound.
Local-level governments’ implementation of the 20 new easing measures announced by the State Council has been disappointing, casting further doubt on a real reopening any time soon, according to Chen Zhiwu, a chair professor of finance at the University of Hong Kong.
Chen Zhiwu, a professor of finance at the University of Hong Kong, says amid China’s drastically changed political environment, the pressure is “really high, if not higher” for Hui to keep paying down corporate liabilities with his own money.
陈志武:《文明的逻辑》这本书其实是用量化历史研究的方法,为读者们回答了一个根本性的问题:人类做了哪些事,或者说做对了哪些事,使我们应对风险的能力不断提高,进而使文明持续战胜野蛮。
ZHIWU CHEN, PROFESSOR OF FINANCE, UNIVERSITY OF HONG KONG - "One significant change is to de-emphasise economic development and economic reform. From the 14th to the 19th Party Congress, economic development was, each time, explicitly stated as the central mission for the Party, whereas this time there is no such mention; instead, the emphasis is on 'complete' and 'all-rounded' development. That is, it is not just economic development but also political, social, environmental, and cultural development that the Party will devote efforts to."