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China's Two Sessions: setting the boundaries for reform


China's Two Sessions: setting the boundaries for reform

Report summary

China's leadership has set boundaries for pursuing economic reform that limit downside risks to China's energy and metals demand in 2015. The government will not allow unemployment to rise above 4.5%, fiscal deficits below RMB 1.62 trillion, or financial risks to become unmanageable. If any of these are at risk of being breached the government will back-off its reform agenda.

What's included?

This report includes 1 file(s)

  • China's Two Sessions: setting the boundaries for reform PDF - 286.69 KB 5 Pages, 0 Tables, 3 Figures

Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

  • Executive summary
  • Introduction
  • Economy: reforms being pursued but not at any cost
  • Market based reforms: new measures, but progress varies by sector
    • Upstream: focus on capital discipline; broad consolidation unlikely
    • Steel and metals: fully open to foreign investment but pace will be slow
    • Coal: politics trump reform
      • Coal production
      • The environment: clear priority, but new rules may lose out to GDP
      • Final thoughts

In this report there are 3 tables or charts, including:

  • Executive summary
  • Introduction
  • Economy: reforms being pursued but not at any cost
    • Economic targets
  • Market based reforms: new measures, but progress varies by sector
    • Gas production by company
    • China's Two Sessions: setting the boundaries for reform: Image 3
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