Having risen sharply in the years following the massive credit stimulus of 2009, China's corporate debt now sits at 160 per cent of GDP – twice that of the United States. Credit rating agency Standard’s & Poor’s has estimated that this could climb 77 per cent over the next five years to USD 28.8 trillion.
How do we make sense of these alarming numbers, and what do they mean for the real economy? Can policy-makers in Beijing tackle corporate debt, without affecting the growth targets that appear to be the Party’s priority?
We are delighted to welcome three leading economists; Chen Xingdong, Chief China Economist, BNP Paribas, Zhu Ning, Professor of Finance, Deputy Dean, Shanghai Institue of Advanced Finance and Andrew Polk, Director, Medley Advisers to join the debate.
Agenda
09:00-09:05: Welcome Remarks
09:05-09:25: Opening Presentation, Zhu Ning, Professor of Finance, Deputy Dean, Shanghai Institue of Advanced Finance
09:25-10:30: Moderated Panel discussion by Yuan Yang, Beijing Correspondent, Financial Times
- Chen Xingdong, Managing Director, Chief China Economist, BNP Paribas
- Zhu Ning, Professor of Finance, Deputy Dean, Shanghai Institue of Advanced Finance
- Andrew Polk, Director, Medley Advisers
10:30-11:00: Q&A
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