"The banks’ biggest problems are also the economy’s biggest challenges. Deflation and lack of confidence discourage private firms from borrowing. Falling real estate prices put downward pressure on the banks’ assets."

"Local officials have limited policy actions to take to stimulate consumption."

"This is a time for central government to increase its budget deficit, to boost the economy."

CEIBS Professor Zhu Tian's suggestion to give every Chinese citizen RMB 3,000 to stimulate the economy quoted in France 24 article on consumer spending.

"Logically, the world’s biggest buyer should have pricing power – but that hasn’t been the case."

February 10, 2026. Shanghai — The CEIBS–APS Centre for Financial Markets (CAC) was officially inaugurated today on CEIBS’ Shanghai campus. The centre is jointly established by China Europe International Business School (CEIBS) and Singapore-based APS Asset Management (APS). 

"Against today’s geopolitical backdrop, Hong Kong – as a bridge between China and the world and as an international financial centre – has distinct advantages that can support the country’s financial development."

“Of course, there will be risks, but I’m sure the return will be just good enough to compensate for the risks." 

"Improved access to bank credit would certainly be helpful, but it is only one of the challenges currently facing SMEs in China." 

"The sharp decline in the real estate sector can almost entirely explain the lackluster economic performance over the past three years."

"China is already in a depression... The downward pressure and economic challenge China faces is tremendous."

“Some have calculated that if the exchange rate truly reflected purchasing power parity, one dollar would exchange for only about 3.5 yuan.”

"I don't see the benefit of digital currencies; China already has WeChat and Alipay."

“The key difference between my proposals and the previous programmes is the scope. The previous consumption vouchers are so small that they have no macroeconomic effect."

"The real culprit is the sharp downturn in the real estate sector."

"Historically, deflation is extremely rare - If prices are down for three years and inflation doesn’t come back, then people will believe it won’t come back. And that’s when China becomes Japan."

The 8th CEIBS Finance and Accounting Symposium was held on June 27, 2025, at the CEIBS Shanghai campus. The event brought together more than 80 scholars from top universities in the US, Europe, and Asia to discuss current issues at the intersection of finance, accounting, economics, and politics.

"Ultimately, domestic demand will need to rely on income growth, which has been stagnant or slowing in China, as overall momentum slows.”