Local Governments Aim for Lower GDP Growth This Year

Most of the local governments that have announced their GDP targets for this year aimed lower than they did in 2013, citing the need to rebalance the economy and improve the quality of growth. Many missed their growth targets last year.

The announcements were made after the governments of twenty-eight provinces, municipalities, and autonomous regions held their annual lianghui, or meetings of the provincial legislature and political advisory body, in January. The provinces of Anhui, Hunan, and Hainan have not yet held the meetings.

Chinese Dissident Lands at Cato Institute With a Caution to Colleauges

Xia Yeliang, dismissed from his job as an economics professor at Peking University after clashes with his government over liberalization, warned that American universities should be careful about partnerships with Chinese universities. “They use the reputations of Western universities to cover their own scandals,” he said.