The European Union Chamber of Commerce in China Tianjin Chapter is delighted to invite the Ms. Yao Wei, the VIP speaker from Societe Generale to share her insights on the world economy for Y2012.
Global imbalances were a major cause of the crisis that first appeared in early 2007. While these have shifted over the past years, there is little evidence that they are being reduced. In the US imbalances have been reshuffled from private sector balance sheets to public sector balance sheets, and ultimately to the central bank. In the euro area, the adjustment of imbalances on both public sector balance sheets and competitiveness within the monetary union is proving a painful process, placing substantial pressure on the single currency’s institutional framework. Initially offering a welcome offset to weak growth in the advanced economies, China faces a twin challenge of reducing leverage in the financial system and turning the export dragon into a consumer driven economy. Ultimately, we believe that reducing these imbalances is a prerequisite for a sustainable global recovery. The shape of rebalancing will have major implications for growth, inflation and the markets moving forward. Our concern today is that rebalancing process is placing the global economy on the brink.”
Speaker:
Ms Yao Wei
China Economist, Société Générale Corporate & Investment Banking
As a specialist in Chinese economy, Wei offers unique insights into the often opaque world and power structure of the economic system in the mainland. Based in Hong Kong, she releases regular reports detailing the various developments of the Chinese economy. She is also a speaker of many forums and conferences.
Before joining Societe Generale in 2009, Wei was part of the research team at the China-Kuwait Investment Company in the Middle East.
Wei obtained a Master Degree in Economics from TUFTS University, where she also worked for its micro-finance fund and gained valuable insights into developmental economics. She completed her Bachelor Degree in Economics at Fudan University, Shanghai.
Agenda:
13:00-13:25, registration
13:25-13:30, welcome note by Mr. Gabriele Castaldi, Local Chair of European Chamber Tianjin Chapter
13:30-14:10, speech by Ms. Yao Wei
14:10-14:30, Q&A
Seats are limited, if you would like to attend this event, please register your attendance with Ms. Yin Yuan at email at tianjin@europeanchamber.com.cn or by phone call 022-23741122 by noontime Jan.11th.