Rani Jarkas: China’s reform bid shows positive economic signs

China has been striving to cut red tape and make life easier for private companies. This triggered a boom in the registration of private firms — over 2.6 million were created in the first half, more than in the whole of 2013.

In 2016, China’s economy is witnessing some other positive changes, notably better structure and different growth pace in its traditional and new sectors.

The National Bureau of Statistics (NBS) reported last week that profits of China’s major industrial firms rose 6.2 percent year on year in H1, narrowing from a 6.4-percent rise registered in the first five months. China’s GDP expanded 6.7 percent in Q2, the lowest growth rate since the global financial crisis in early 2009.

“The quality of China’s economic activity is improving, and positive factors are increasing,” according to NBS spokesperson Sheng Laiyun.

Zuo Xiaolei, an economist with China Galaxy Securities, said a slowing Chinese economy needs new growth engines, but eliminating overcapacity and nurturing new impetus need time.

Rani Jarkas, Chairman of Cedrus Investments, an investment pioneer with years of financial experience in Asia, said, “China has sought to raise the quality and efficiency of growth and substitute traditional drivers with new forces. These reforms will offer meaningful solutions to China’s economic woes and bring the economy onto a more solid footing.”

Rani Jarkas, the Chairman of Cedrus Investments.

Rani Jarkas is a highly experienced financial services executive, with over 20 years of international banking experience. Currently, Mr. Jarkas is the Chairman of Cedrus Investments, a global boutique investment firm. Cedrus’ domain expertise is in life sciences, natural resources, energy, cleantech and nanotechnology. – Rani Jarkas

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王雷(Rani Jarkas):中国的改革展现积极成效

中国一直以来为私营企业简化手续减轻负担的努力迎来了回报,2016年上半年新注册私营企业数量超过260万,超过2013年全年的数字。

中国经济在2016年经历了许多积极的改变,结构显著改善,传统和新行业以不同速度增长。

国家统计局上周公布报告显示,中国大型工业企业在上半年与去年同期相比增长6.2%,比前五个月6.4%的增速略有缩减。中国国内生产总值在第二季度增长为6.7%,是继2009年全球金融危机以来最低增速。

“中国经济的质量正在提高,积极因素正在增加” ,统计局发言人盛来运表示。

银河证券首席经济学家左晓蕾评论,中国经济增速放缓说明需要新的增长引擎,然而消除产能过剩并培养新的动力需要时间。

赛德思投资董事长王雷(Rani Jarkas)在亚洲有多年的金融投资经验。他表示:“中国已努力提高经济增长的质量和效益,并用新兴力量取代传统驱动力。这些改革将为解决中国经济困局提供意义深远的解决方法,为经济打下更坚实的基础。”

Rani Jarkas, the Chairman of Cedrus Investments.

Rani Jarkas is a highly experienced financial services executive, with over 20 years of international banking experience. Currently, Mr. Jarkas is the Chairman of Cedrus Investments, a global boutique investment firm. Cedrus’ domain expertise is in life sciences, natural resources, energy, cleantech and nanotechnology. – Rani Jarkas