The yearly National People’s congress will now open in Beijing on 22nd May, after being postponed due to the COVID-19 pandemic. All ears will be tuned in to hear what economic decisions are made. Chinese leaders’ originally intended to shift this year’s top priority from GDP growth to poverty alleviation. Then the virus hit.
The crisis now puts China at a critical juncture, as real GDP in the first quarter of 2020 contracted 6.8% year-on-year. China could either experience a fast revival or plummet into a long-term downturn. Leadership must take several variables into consideration when making decisions that will shape the Chinese economy for years to come. How fast will other economies recover after lockdowns are lifted? How fast will international trade rebound? Many internal challenges will need to be addressed, including the debt trap created by many years of investment-led growth and a changing demographic structure.
Please join us on 14th May for a discussion with Bert Hofman, Director of the East Asian Institute at the National University of Singapore, Professor in Practice Lee Kuan Yew School, and former head of the World Bank in China; Zhu Ning, Professor and Deputy Dean at The National Institute of Financial Research (NIFR), Tsinghua University, and author of China’s Guaranteed Bubble; and Robin Zhu, Senior Analyst at Bernstein Asia Autos. Mr Joerg Wuttke, President of the European Chamber, will host and moderate this discussion.
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Agenda
- Introductory Remarks by Joerg Wuttke, President, European Chamber
- Engaging and Interactive Dialogue with speakers
- Q&A Session
This webinar will be off the record and follow Chatham House rules.
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