10 East 40 th Street, Suite 3601, New York, NY 10016 Tel: - - PowerPoint PPT Presentation

▶

10 east 40 th street suite 3601 new york ny 10016 tel 1

Sep 24, 2022 427 likes •516 views

10 East 40 th Street, Suite 3601, New York, NY 10016 Tel: +1.212.532.1158 | Fax: +1.212.532.1162 | Web: www.rhgroup.net 1 Backsliding Neutral Progress Innovation Environment Finance Investment SOE Trade Land Competition Fiscal Labor

SLIDE 1

1 10 East 40th Street, Suite 3601, New York, NY 10016 Tel: +1.212.532.1158 | Fax: +1.212.532.1162 | Web: www.rhgroup.net

SLIDE 2

2

Source: Rhodium Group and Asia Society Policy Institute.

Innovation

Backsliding Neutral Progress

Environment Finance Investment SOE Trade Land Labor Competition Fiscal

SLIDE 3

3

Source: National Bureau of Statistics, Rhodium Group

25% 30% 35% 40% 45% 50% 1Q2013 2Q2013 3Q2013 4Q2013 1Q2014 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 3Q2015 4Q2015 1Q2016 2Q2016 3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017 1Q2018 2Q2018 3Q2018

Japan EU US China

SLIDE 4

4

Source: U.S. Department of State, Ministry of Environmental Protection, Rhodium Group

20 40 60 80 100 120 3Q2013 4Q2013 1Q2014 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 3Q2015 4Q2015 1Q2016 2Q2016 3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017 1Q2018 2Q2018 3Q2018

Average PM 2.5 Concentration Seasonally Adjusted Average Water Quality Grade Seasonally Adjusted WHO Interim-2 Air Quality Target Equivalent US Surface Water Standards

SLIDE 5

5

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 3Q2013 4Q2013 1Q2014 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 3Q2015 4Q2015 1Q2016 2Q2016 3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017 1Q2018 2Q2018 3Q2018

Key industries (defense, electricity, oil & gas, telecom, coal, shipping, aviation, rail) Pillar (auto, chemicals, construction, electronics, equipment manufacturing, nonferrous metals, prospecting, steel, technology) Normal (agriculture, pharmaceutical, real estate, tourism, investment, professional services, general trade, general manufacturing)

Sources: Bloomberg, Rhodium Group

SLIDE 6

6

Source: Ministry of Commerce, Bloomberg, Rhodium Group

0% 5% 10% 15% 20% 25% 30% 35% 3Q2013 4Q2013 1Q2014 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 3Q2015 4Q2015 1Q2016 2Q2016 3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017 1Q2018 2Q2018 3Q2018

Percentage of foreign-involved mergers reviewed Percentage of domestic mergers reviewed

SLIDE 7

7

1 2 3 4 5 6 7 8 3Q2013 4Q2013 1Q2014 2Q2014 3Q2014 4Q2014 1Q2015 2Q2015 3Q2015 4Q2015 1Q2016 2Q2016 3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017 1Q2018 2Q2018 3Q2018

ICOR International Best Practice

Source: National Bureau of Statistics, Rhodium Group

SLIDE 8