Fergus Naughton

Senior Analyst, China Research
+86 10 5960 3315

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Recent China research

* China Watch: Outlook for 2018, Larry Brainard, Trey McArver, Michelle Lam, 7 Dec 2017
* China Perspective: North Korea scores, US stuck, Jonathan Fenby, 1 Dec 2017
* China Watch: The profit cycle – still some way to go, Michelle Lam, Trey McArver, Larry Brainard, 30 Nov 2017
* China Watch: China’s road to an automotive superpower, Michelle Lam, Trey McArver, Larry Brainard, Kingsmill Bond, 23 Nov 2017
* China Watch: Financial liberalisation - a step forward, Jon Harrison, Michelle Lam, Trey McArver, 16 Nov 2017

See all our China research >>

China Reform Monitor: SOE reform faces hurdles ahead of October Plenum but some mergers go through

Overview

China’s State Council announced last month its highly anticipated guidelines for reform of the country’s market-dominating state-owned enterprises (SOEs). The reception was very mixed, and mainly disappointing, as the guidelines give little elucidation of the government’s reform plans first announced in 2013. After the summer’s stock market turmoil and then currency uncertainty against the background of a still slowing economy, we expect that the central leadership will maintain its...

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