December’s publication summarizes two firms’ assessments of policy changes announced after China’s recent Third Plenum. Capital Economics notes that the reforms announced by China’s leaders can reduce the risk of a so-called hard landing, but only if they are properly implemented. BCA Research examines planned changes to China’s GDP accounting, and concludes that investors may find that the country’s perceived economic imbalances are not as severe as some observers think.

• “What Does the Plenum Mean for China’s Growth?” Mark Williams, Capital Economics, November 21, 2013
• “How Will We Know if the Plenum Reforms Are on Track?” Mark Williams, Julian Evans-Pritchard, Capital Economics, November 28, 2013
• “How ‘Unbalanced’ is the Chinese Economy? Part III, The Data Overhaul” Yan Wang, BCA Research, December 4, 2013