How China Can Revive Its Economy with Yukon Huang

Описание: On March 5th, Chinese outgoing Premier Li Keqiang opened the National People’s Congress meeting with his annual Work Report and revealed a growth target of lowest “around 5%”, the lowest since 1976. For decades, the country had expanded by more than 10% annually. Even though China missed its target last year by a wide margin due to its zero-Covid policy, not many people expected this low of a target from Xi Jinping’s government. This highlights the domestic and global challenges the world’s second-largest economy is facing. What will China’s economic outlook will look like? What kind of economic policy will China need to adopt to revive its economy? Where is the future of the U.S-China economic relationship? Join us for a conversation with Dr. Yukon Huang, Senior Fellow at the Carnegie Endowment for International Peace and Former Work Bank’s country director for China on Tuesday, March 28th from 12 PM to 1:15 PM ET. This webinar is the 2nd of Network 20/20’s Deep Dives: China program. Learn more at: https://network2020.org/deep-dives-ch...
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2:05 What’s the current situation of China?
6:05 Were these challenges created by previous Chinese policies?
9:06 Issues and challenges with productivity
11:30 Successful outdated policies (as per his SCMP article)
12:25 On migrant workers in China
18:05 China as a rational actor and why won’t they make these changes
22:40 China’s financial state right now
25:25 Trump’s Trade War with China
26:20 Biden administration and China
33:00 US foreign policy should focus on separating Russia and China
38:20 Technological concerns and Huawei
41:00 China’s exchange rate exceeding the US
46:10 Solving climate change
47:30 RMB currency as a world currency
51:35 Successes and Failures of the Belt and Road Initiative
55:00 Economic strategy vs security strategy
59:00 China’s demographic
1:05:00 Manufactured goods, imports and exports
1:09:00 China’s growth and consequences on the world stage