The European Union Chamber of Commerce in China is pleased to invite you to a unique Breakfast Seminar with the author of Sustaining China's Economic Growth after the Global Financial Crisis, Nicholas R. Lardy on 21st March 2012 at the Westin Hotel Chaoyang.
Sustaining China's Economic Growth after the Global Financial Crisis examines China's response to the global crisis, the prospects for altering the model of economic growth that dominated the first decade of this century, and the implications for the United States and the global economy of successful Chinese rebalancing.
During the breakfast seminar, Mr. Lardy will focus on addressing the following points:
1. The model of economic growth that has propelled China’s economy forward over the past decade requires fundamental reform. Failing that China’s growth is likely to slow substantially over the medium-term.
2. The most essential reforms are market oriented interest rate liberalization; eliminating underpricing of energy and other factor inputs used predominantly in manufacturing; greater exchange rate flexibility; and a more rapid expansion of social safety nets.
3. The beneficiaries of distorted prices for capital, factor inputs, and foreign exchange to date have been able to slow or even block these needed reforms, some of which have been on the agenda and included in the previous five-year plan.
About the speaker:
Nicholas R. Lardy (bio) is the Anthony M. Solomon Senior Fellow at the Peterson Institute for International Economics. He joined the Institute in March 2003 from the Brookings Institution, where he was a senior fellow in the Foreign Policy Studies Program from 1995 until 2003 and served as interim director of Foreign Policy Studies in 2001. Before Brookings, he served at the University of Washington, where he was the director of the Henry M. Jackson School of International Studies from 1991 to 1995. From 1997 through the spring of 2000, he was also the Frederick Frank Adjunct Professor of International Trade and Finance at the Yale University School of Management. He is an expert on Asia, especially the Chinese economy.
Moderator:
Mr. Joerg Wuttke, Chief Representative, BASF
Agenda:
07:40-08:15 Registration and Breakfast
08:15-09:00 Presentation
09:00-09:15 Q&A