reform

Although a Maoist term, Xi Jinping’s ‘common prosperity’ has little in common with radical egalitarianism. The concrete policy proposals that we have seen to date — like those in Zhejiang’s Common Prosperity Polit Area — are relatively modest and below the standards of many modern welfare states, writes Torsten Weller China’s dramatic crackdown on the country’s tech firms is turning into a broader reform of the welfare system and a …

The success of many British companies operating in China today is, in large part, a product of the post-Mao reform movement and the plan for economic growth that avoided either the ‘shock therapy’ economics of the Soviet Union and Eastern Europe or wholesale neoliberalism, says political economist Isabella Weber. Paul French finds out more The arguments over reform in China throughout the 1980s and since have been much commented upon …

Although tax reform is currently not on the Chinese government’s agenda, growing fiscal pain and rising costs for local governments have increased pressure to design a more sustainable tax system, Torsten Weller writes The publication of China’s 14th Five-Year Plan (FYP) has attracted plenty of international attention, with much of the external commentary on the plan focusing on its emphasis on self-reliance and domestic consumption. One area which has received …

Following the release of China’s new draft energy law, Ben Wetherall of ICIS – a market intelligence company providing independent analysis to the world’s biggest international oil and gas companies – gives his take and explains what it means for China’s gas sector. China’s draft energy law is really a consolidation of lots of other things that were already in place or that had already been developed. So for example, …

China recently released its draft energy law, which highlights energy security, renewable energy, and liberalisation and reform of the sector as a whole. Tom Pattison speaks to three experts to find out what it might mean for foreign investors In April, China released its draft energy law that aims to regulate, control and reform the energy sector. “The aim of this law is to reform a sector that is very …

In recent years, China has been implementing significant nationwide tax reform, making changes that even the most responsible businesses may struggle to keep up with. As reported recently, stronger enforcement of existing compliance requirements and restructuring government bodies the government aims to reduce fraud and improve statutory oversight. It seems to be working. Already the Chinese government has reduced value-added tax across a range of industries thanks to the additional …

The reform and opening up policy introduced in 1978 not only changed China, but the entire world. FOCUS asks people that have laid witness to these four decades of change to share their thoughts on China’s past, present and future. Words by Ambassador Barbara Woodward, Lord James Sassoon, Kerry Brown, Lord Michael Heseltine, and Richard Robinson In December 1978, China’s leader Deng Xiaoping, announced that China would start a period …