“China’s Economy: Critical Battles Ahead” | The Bookworm Literary Festival
When and Where
1:00 pm - 3:00 pm
Building 4, Nan Sanlitun Road, Chaoyang District,
To discuss China’s current economic position, join Charles Hutzler of the Wall Street Journal, Lucy Hornby of the Financial Times, and Zhu Ning, author of China’s Guaranteed Bubble.
China’s economic expansion is predicted to slow to 6.5 percent this year, the slowest pace since 1990, as policymakers look to switch from high-speed to high-quality growth. While the growth would still be the envy of most nations, debt currently stands at US$30 trillion, about 259 percent of GDP, and that percentage is expected to rise to 327 percent by 2020. The leaders say they are currently fighting three critical battles: A crackdown on domestic debt risk, alleviating poverty, and getting on top of pollution, all of which will impact growth to some extent in the coming years. Accurate analysis is complicated by the fact that fudged numbers and creative accounting, while not as prevalent as in previous years, still rear their heads now and then. Add to the mix a simmering trade dispute with the US, the prospect of higher interest rates, and a noisy and occasionally anti-social neighbor in North Korea, and the road ahead seems far from smooth. Tickets are 60 RMB
To learn more and register, please visit this link: http://bookwormfestival.com/events/blf-2018-china-economy-critical-battles-ahead/