Canceled - Insight China - Growth and Debt: an uncertain future Go back »
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Time2015-12-07 | 15:30 - 17:00
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Venue:Westin Chaoyang Hotel, 3rd Floor, Chaoyang Ballroom
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Address:
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Fee:Members: RMB300 |
Non Members: RMB500
In a context in which the global economy remains in a holding pattern, with weak productivity and slow growth of the labour force and investment, stabilising growth seems to be the short-term priority for the Government. Recently, policy insiders involve in the 13th Five Year Plan have suggested a growth objective of around 6-7% growth over that period. With a debt-to-GDP ratio steadily growing, controlling the speed of defaults and avoid another frantic period after this summer’s dramatic slump of the stock exchange markets, and at the same time hitting growth targets seems to be a very difficult endeavour to accomplish.
While defaults are concentrated in particular sectors with overcapacity and dominated by large state-owned enterprises, the risk could ultimately spread to the financial sector and the ‘real’ economy.
We are delighted to have Bart van Ark, Executive VP & Chief Economist of The Conference Board, sharing the findings and analysis from The Conference Board Global Economic Outlook 2016, which forecasts growth for the global and Asia economies – and China specifically – in the short to medium term, and long term; Professor Li Wei, Director of the Case Center and Director of the China Economy and Sustainable Development Center at CKGSB will analyze China’s debt risks, moral hazard, and how that will affect China’s economic growth in 2016.
Agenda
15:00 – 15:30 Registration and Coffee
15:30 – 15:35 Opening Remarks by European Chamber representative
15:35 – 16:00 Presentation by Bart Van Ark, Executive VP & Chief Economist of The Conference Board
16:00 – 16:25 Presentation by Prof. Li Wei, Director of the Case Center and Director of the China Economy and Sustainable Development Center at CKGSB
16:25 – 17:00 Panel discussion and Q&A
Terms & Conditions:
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Speakers
Dr. Bart van Ark
Bart van Ark is executive vice president, chief economist & chief strategy officer of The Conference Board. He leads a team of almost two dozen economists in New York, Brussels and Beijing who produce a range of widely watched economic indicators and growth forecasts and in-depth global economic research. A Dutch national, he is the first non-U.S. chief economist in the history of The Conference Board.
Dr. Wei Li
Dr. Li Wei is Professor of Economics, Director of the Case Center and Director of the China Economy and Sustainable Development Center at CKGSB. He formerly served as a professor at the Darden Graduate School of Business, University of Virginia.
Previously, he was a research associate at the University of Michigan's Institute for Social Studies and taught at Duke University's Fuqua School of Business.
Li's research has been published in the Journal of Political Economy, American Economic Review, Rand Journal of Economics, Journal of Law and Economics, Journal of Public Economics, and the Journal of Comparative Economics.
He wrote the book Investing in Emerging Markets, published by the CFA Institute (formerly the Association for Investment Management and Research). His research insights have been featured in Foreign Affairs, The New York Times, The Los Angeles Times and CNNfn.