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China’s rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China’s economy is often wrong. Yukon Huang will provide a holistic and contrarian view of China's major economic, political, and foreign policy issues and relate these macro-level topics to the overall business environment in China with a focus on foreign-invested enterprises operating in China.

Yukon Huang's recently released book “Cracking the China Conundrum: Why Conventional Economic Wisdom Is Wrong” addresses widely accepted yet misguided views in the analysis of China’s economy. He examines arguments about the causes and effects of China’s possible debt and property market bubbles, trade and investment relations with the Western world, the links between corruption and economic liberalization and Beijing’s more assertive foreign policies. Huang explains that such misconceptions arise in part because China’s economic system is unprecedented in many ways—namely because it’s driven by both the market and state—which complicates the task of designing accurate and adaptable analysis and research.

Further, China’s size, regional diversity, and uniquely decentralized administrative system poses difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China’s economic state accurately. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China’s economic environment.

Agenda

1:30 PM - 2:00 PM
Registration and Networking
2:00 PM - 2:05 PM
Introduction
Paul Haenle
2:05 PM - 2:40 PM
Presentation: "Contradictory Reform Challenges Facing Next Party Congress"
Yukon Huang
2:40 PM - 3:00 PM
Moderated Discussion
Paul Haenle and Yukon Huang
3:00 PM - 3:30 PM
Audience Question & Answer

Speakers

  • Yukon Huang (Senior Fellow, Asia Program at Carnegie Endowment for International Peace)

    Yukon Huang

    Senior Fellow, Asia Program at Carnegie Endowment for International Peace

    Yukon Huang is a senior fellow with the Asia Program. He was formerly the World Bank’s country director for China and earlier director for Russia and the Former Soviet Union Republics. He is an adviser to the World Bank, Asian Development Bank, Asian Infrastructure Investment Bank, and various governments and corporations. His research focuses on China’s economy and its regional and global impact.

    Huang has published widely on development issues in both professional journals and the public media. He is a featured commentator for the Financial Times on China, and his articles are seen frequently in the Wall Street Journal, Bloomberg, Foreign Affairs, the National Interest, and Caixin. His books include East Asia Visions, Reshaping Economic Geography in East Asia, and International Migration and Development in East Asia and the Pacific. His latest book, Cracking the China Conundrum: Why Conventional Economic Is Wisdom Is Wrong, was published by Oxford University Press (2017).

    He has a PhD in economics from Princeton University and a BA from Yale University.

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  • Paul Haenle (Director of Carnegie-Tsinghua Center for Global Policy)

    Paul Haenle

    Director of Carnegie-Tsinghua Center for Global Policy

    Paul Haenle is the director of the Carnegie–Tsinghua Center based at Tsinghua University in Beijing, China. In addition to running the Carnegie–Tsinghua Center, Haenle is also an adjunct professor at Tsinghua, where he teaches undergraduate and graduate-level courses to Chinese and international students on international relations and global governance.

    Prior to joining Carnegie, he served from June 2007 to June 2009 as the director for China, Taiwan, and Mongolia Affairs on the National Security Council staffs of former presidents George W. Bush and Barack Obama. From June 2007 to January 2009, Haenle also played a key role as the White House representative to the U.S. negotiating team at the six-party-talks nuclear negotiations. From May 2004 to June 2007, he served as the executive assistant to the U.S. national security adviser.

    Trained as a China foreign area officer in the U.S. Army, Haenle has been assigned twice to the U.S. embassy in Beijing, served as a U.S. Army company commander during a two-year tour to the Republic of Korea, and worked in the Pentagon as an adviser on China, Taiwan, and Mongolia Affairs on the staff of the chairman of the Joint Chiefs of Staff. Early assignments in the U.S. Army included postings in Germany, Desert Storm, Korea, and Kuwait. He retired from the U.S. Army as a lieutenant colonel in October 2009.

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