Dr. Le Xia is Chief Economist for Asia at BBVA Research. He joined BBVA in 2010.He also serves as a research fellow in International Monetary Institute at Renmin University of China. Prior to joining BBVA Research, Dr. Xia worked for the Treasury Department of Bank of China (Hong Kong). The research fields of Dr. Xia include macroeconomics in Asia economies, financial development in the Asian region and the economic integration between China and other emerging markets.He obtained his PhD from the University of Hong Kong and has a master degree from Renmin University of China.
This report analyzes the ways to finance this round of fiscal stimulus package and responds to the recent debate of fiscal deficit monetization. The report also makes policy suggestions to maintain Chinese public debt level and financial stability in the long term.
This report identifies which industries are most vulnerable to relocate outside China after COVID-19 based on some typical global value chain indicators and empirical findings. We also gauge the impact of global value chain relocation on China's growth.
On May 22th, in the third session of NPC, Premier Li Keqiang delivered the Government Work Report. The report not only summarized the achievements of China in 2019 but also made a blueprint of every perspective of economic and social development for 2020.