On November 10, 2015, Chinese President Xi Jinping held the 11th meeting of the Communist Party leadership on financial and economic affairs, calling for stock markets to be better regulated so that investors are treated fairly.
Economy/Resources - 138. page
People’s Daily: 70 Percent of Wetlands in the Yangtze River Middle Reaches Disappeared
NPC Report: Forty Percent of the Online Goods Are Counterfeit
Caixin: Chinese Manufacturing PMI Remains Low
How Money Flees China
On November 4, 2015, Laohucaijing published a report on how money flees China. The article stated that, typically, the newly wealthy Chinese use seven different ways to transfer their assets from China overseas.
Study Times: China Should Join the TPP at the Appropriate Time
On October 26, 2015, Study Times, a Communist Party publication close to Chinese President Xi Jinping, stated in a commentary that China should join the Trans-Pacific Partnership (TPP) at the appropriate time.
China’s Deflationary Spiral Is Worrisome
Yu Yongding, Senior Fellow at China’s Academy of Social Sciences stated that, based on the decreases in the Producer Price Index, China is now in the middle of domestic deflation and that the continued negative growth of PPI is worrisome. Yu made these remarks at a forum held on October 27, 2015. According to Yu, overcapacity is the primary cause of deflation. "On the one hand, we try to reduce overcapacity, which results in decreased effective demand. [On the other hand], the decline in effective demand in turn leads to an increase in excess capacity, forming a vicious cycle." If China cannot reduce overcapacity faster than the rate of the effective decrease in demand, then China’s economy will decline further into an economic recession. Yu Yongding stated, “This is the most serious challenge we currently face."