“If several million people go out and travel this year, that may still amount to tens of billions of dollars of downward pressure on the foreign exchange reserves that China has,” said Chen Zhiwu, chair professor of finance at Hong Kong University.
26 Jan 2023
“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.
13 Jan 2023
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.
10 Jan 2023
“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.
5 Jan 2023