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: Economic Activity Moderates, Reforms Are Being Rolled Out Post-Party Congress

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

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

China Economics: Reforms and Stability Are Divergent Paths

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

Thematic (Sector/Industry)

<ul><li>With a growing number of allies in important positions, President Xi is poised to push through with painful but necessary reforms focused on Deng’s mantra of “opening up and reform” but through a modern lens as well as more equitable income distribution.</li><li>Near-term reforms will be geared towards reining in risks, particularly those in the financial and property markets as well as SOE reforms. Medium-term changes will encompass hukou reforms and rural vitalisation plans, environment protection and tweaks to the Yuan. Finally, longer-term overhauls will centre on soft-power projection via the Belt and Road Initiative and poverty eradication.</li><li>Economic growth will be on a downtrend in the years ahead as China shifts gears from prioritising the accumulation of production factors and boosting growth rates to emphasising the quality of growth and the fairer distribution of the fruits of growth.</li></ul>

With a growing number of allies in important positions, President Xi is poised to push through with painful but necessary reforms focused on Deng’s mantra of “opening up and reform” but through a modern lens as well as more equitable income distribution.Near-term reforms will be geared towards reining in risks, particularly those in the financial and property markets as well as SOE reforms. Medium-term changes will encompass hukou reforms and rural vitalisation plans, environment protection and tweaks to the Yuan. Finally, longer-term overhauls will centre on soft-power projection via the Belt and Road Initiative and poverty eradication.Economic growth will be on a downtrend in the years ahead as China shifts gears from prioritising the accumulation of production factors and boosting growth rates to emphasising the quality of growth and the fairer distribution of the fruits of growth.

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