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Michele Geraci
This is the first of a series of planned reports on microcredit in China. In this paper we offer our view of what is preventing microcredit from developing in China and offer a list of recommendations for Chinese policy makers that wish to promote this sector. Our preliminary analysis suggests that microcredit is not developing...
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Chinese people are becoming richer, and the wealth gap in China is, as expected, growing. The just concluded Spring Festival holiday saw consumption reach about 400 billion yuan ($60.69 billion), with many rich Chinese travelling abroad to enjoy their holiday and, with some of them, buying luxury goods. The CLSA Asia-Pacific Markets has even forecast...
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One of the byproducts of China’s fast economic development over the last 30 years is the growing income disparity between rural and urban residents. It is undeniable that absolute living conditions have improved for almost everyone, with the most notable examples at both ends of the spectrum being the eradication of poverty and the recent...
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As one of the largest economies in the world, China is being asked by the international community to take a more and more active role in world affairs, ranging from contributing to stabilizing the post-financial crisis global economy to cutting greenhouse gas emission. Sometimes, Western approach toward China is contradictory or driven by political agenda....
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After 30 years of economic reform, China appears to have shifted its focus toward social issues such as a more even distribution of income, improving the quality of life for the poorest and enhancing the welfare system. Often social reform and economic development are seen as pursuing opposite goals at the expense of each other....
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The Global Policy Institute is a research institute on international affairs. It is based in the City of London, and draws on both a rich pool of international thinkers, academics as well as policy and business professionals. The Institute gives non-partisan guidance to policymakers and decision takers in business, government, and NGOs.

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