China’s economy is slowing after years of rapid growth, but demand is expected to continue, according to economists who recently spoke to the US-China Business Council (USCBC).
Sichuan remains an attractive growth market for foreign companies, according to local government officials. On September 1, the US-China Business Council led a delegation of member company senior executives from a variety of sectors to meet with Sichuan Party Secretary Wang Dongming to discuss the Sichuan commercial operating environment and explore how the province will be involved in the implementation of central development policies.
With economic growth moderating, the Chinese government appears to be looking to infrastructure projects to boost growth. Recent government statements on the importance of a "pro-active" fiscal policy suggest that infrastructure spending will be one of the economic tools to help meet China’s seven percent growth target for 2015.
In the face of slowing growth and what policymakers are calling a “new normal” for China’s economy, central planners have stepped up the pace of long-discussed financial liberalizations, from the opening of free trade zones and the Shanghai-Hong Kong Stock Connect to—most recently—the proposed establishment of a deposit insurance system.