China Direct

The Only Five Paths China’s Economy Can Follow - Michael Pettis

 

'There is increasingly a consensus in Beijing that China’s excessive reliance on surging debt in recent years has made the country’s growth model unsustainable. Aside from the economy’s current path, there are only four other paths China can follow, each with its own requirements and constraints.'

To review this assessment by Professor Michael Pettis, please download his article here which can be found on the Carnegie Endowment for Peace Website.

Our thanks to the Carnegie for kindly sharing this article.

 

 

Common Prosperity? A Discussion 29.09.21 1600-1700 (DC) / 2100-2200 (LDN)

Dear CBI Members and Partners,

Kindly find a link to a live discussion regarding Common Prosperity that will be hosted by CSIS and include comments from Joyce Chang, Managing Director and Chair of Global Research at CBI Member JP Morgan on Wed 29th Sept from 1600-1700 (DC) / 2100-2200 (UK).

Event Introduction and Overview

Please join the CSIS Trustee Chair in Chinese Business and Economics for a roundtable discussion of the origins and implications of China’s heightened effort to achieve “common prosperity.” Through a one-hour interactive discussion, the program will address the economic, political, and societal components of this drive as well as consider its implications for both China and the United States.

Important questions we will answer include: 

• What are the main motivations for Xi Jinping and the leadership to move in this direction? 
• Will this program genuinely reduce inequality and reign in the power of greedy high-tech companies on behalf of the common person and create the foundation for long-term inclusive growth? 
• How will U.S. multinational companies in China be affected? How do these developments factor into America’s China policy?

Joyce Chang of JPMorgan, John L. Holden of McLarty Associates, and Scott Rozelle of Stanford University will shed light on these pressing questions surrounding “common prosperity.” Trustee Chair Scott Kennedy will host and moderate the discussion.

This event is made possible through general support to CSIS

FEATURING

Joyce Chang

Managing Director & Chair of Global Research, JPMorgan

Scott Rozelle

Helen F. Farnsworth Senior Fellow & Co-director, Stanford Center on China's Economy and Institutions, Freeman Spogli Institute for International Studies and Stanford Institute for Economic Policy Research, Stanford University