Asia Economist and CEO, Centennial Asia Advisors

Manu Bhaskaran

Mr. Bhaskaran is a leading Asian economist based in Singapore with more than 30 years of experience in studying economic, political and security issues that shape the business environment in Asia. He co-ordinates the Asian business of Washington DC-based strategic advisory firm, Centennial Group, directing its Asian economic research practice which provides in-depth analysis of macro trends in Asia. He works extensively with investment institutions, government agencies and corporations. Mr. Bhaskaran regularly presents his views on the economic, political and business environment in Asia at business conferences and in-house briefings. He has conducted studies on a wide range of subjects including: consumer finance in Asia; Asian integration; regional and country-specific political and economic outlooks; the Impact of China on Asia; portfolio capital flows in emerging markets, amongst many others. He is as a member of the Regional Advisory Group for Asia and the Pacific of the International Monetary Fund. Mr. Bhaskaran is a regular columnist for The Edge (Singapore) and holds positions in think tanks including being Adjunct Senior Research Fellow at the Institute of Policy Studies (IPS); Vice President of the Economics Society of Singapore, and Council Member of the Singapore Institute of International Affairs (SIIA). Mr. Bhaskaran serves on the boards of CIMB Investment Bank and Japfa Limited.

Asia Economist and CEO

China Politics: Key Themes from the 19th Party Congress so Far

China: What the New Leadership Line-Up Means for China and the World

China: Reform Trajectory to Be Characterised by High Quality, Sustainability and Equity

China: Challenges Could Mount Going Forward

China: Financial Risks at the Front of Mind

China: Policy Makers Are Increasingly Wary of Financial Risks

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

<p><strong>Underlying pressures and imminent reforms could jeopardise stability</strong></p><ul><li>The Chinese economy has been on an even keel with deceleration on a controlled and gradual path that has thus far ensured stability and even growth. Steady growth has been driven by manufacturing and exports. Accommodative monetary conditions also contributed to growth even as inflationary pressures are intensifying.</li><li>Going forward, stability and reforms will pull in different directions and policymakers will have their work cut out to ensure palatable doses of both. An unexpected surge in inflation could cause domestic stability to be compromised. Furthermore, corporate deleveraging has not really taken place yet and should begin apace post-Party Congress.</li></ul>

Underlying pressures and imminent reforms could jeopardise stabilityThe Chinese economy has been on an even keel with deceleration on a controlled and gradual path that has thus far ensured stability and even growth. Steady growth has been driven by manufacturing and exports. Accommodative monetary conditions also contributed to growth even as inflationary pressures are intensifying.Going forward, stability and reforms will pull in different directions and policymakers will have their work cut out to ensure palatable doses of both. An unexpected surge in inflation could cause domestic stability to be compromised. Furthermore, corporate deleveraging has not really taken place yet and should begin apace post-Party Congress.

China Economics: Reforms and Stability Are Divergent Paths