CKGSB Knowledge - China Business and Economy

Private Issues

The latest BCI may leave readers a bit frustrated. Aside from the main BCI index dropping to 44.9, the costs and prices sub-indices have also fallen. The corporate investment index reversed on last month’s rebound. Disconcertingly, recruitment confidence continued to drop as well. Although still above 50, this index is now at the lowest since the survey began in 2012. As rumors of layoffs at prominent firms have circulated online, it is well to consider that there is normally no smoke without fire. For specifics, please see this month’s BCI report (page 60).

Last month, we took stock of new central government policy that was favorable to the development of private business in China. This month marks the 40th anniversary of China’s reform and opening up era. On December 18, President Xi Jinping spoke at a celebration, upholding what we know to be true: that this policy marked the start of a great new economic direction for the country. His speech was

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