Recently, the think-tank team at ANBOUND Consulting hosted an in-house forum to discuss the economic outlook for Beijing city and the major issues plaguing the city.

During the conclusion session, ANBOUND's chief researcher, Chan Kung warns that China’s economy is still under immense downward pressure and this is particularly true for Beijing, which might be on the verge of collapse.

Mr. Chan Kung is of the view that fiscal pressure accounts for the majority of the short-term economic problems faced by Beijing, therefore, Mr. Chan Kung suggests that central government should make certain fiscal arrangement or policy concessions such as the issuance of bond and take advantage of the green environment initiative to allow the participating enterprises to raise fund from the market and to resolve the future development problem through market.

As for the long-term strategy, in order to find a real solution, Beijing should conduct a thorough and systematic study on the problems such as urban spatial planning, population strategy and industry development.