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AmCham China and the Carnegie-Tsinghua Center for Global Policy are pleased to invite you to a lunch presentation with Yukon Huang, a senior associate at the Carnegie Endowment for International Peace. Previously he was the World Bank's country drector for China.
Markets are disappointed by China's recent growth indicators but policy makers are more concerned about the prospects for moving to a new growth model. Practically everyone believes that for China to achieve high income status it must rely on a more balanced growth process – one that relies more on consumption than investment and is driven more by innovation than labor intensive activities. Suppose that the opposite is true. Drawing on the experience of other successful East Asian countries, the argument is made that for the rest of this decade, a successful growth path may well involve continued imbalances and labor intensive activities. But the transition to a sustainable and relatively still high growth rate will require a set of major policy reforms.
Markets are disappointed by China's recent growth indicators but policy makers are more concerned about the prospects for moving to a new growth model. Practically everyone believes that for China to achieve high income status it must rely on a more balanced growth process – one that relies more on consumption than investment and is driven more by innovation than labor intensive activities. Suppose that the opposite is true. Drawing on the experience of other successful East Asian countries, the argument is made that for the rest of this decade, a successful growth path may well involve continued imbalances and labor intensive activities. But the transition to a sustainable and relatively still high growth rate will require a set of major policy reforms.
About the speaker
Yukon Huang is a Senior Associate at the Carnegie Endowment for International Peace. Previously he was the World Bank's Country Director for China. His research focuses on China's economic prospects and its impact globally. He was an advisor to joint Chinese Government -World Bank "China 2030" report. Dr. Huang has published widely on development issues affecting China and East Asia. He is the A-List commentator for the Financial Times on China and his articles are seen frequently in the Wall Street Journal, Bloomberg, CNN and Foreign Affairs. His recent books include East Asia Visions and Reshaping Economic Geography in East Asia. He has a PhD in economics from Princeton University and a BA from Yale University.
About the Carnegie-Tsinghua Center
Through its platform at Tsinghua University, the Carnegie-Tsinghua Center for Global Policy in Beijing brings together top scholars and experts from China and around the world to engage in collaborative dialogue and research on today's common global challenges.
Yukon Huang is a Senior Associate at the Carnegie Endowment for International Peace. Previously he was the World Bank's Country Director for China. His research focuses on China's economic prospects and its impact globally. He was an advisor to joint Chinese Government -World Bank "China 2030" report. Dr. Huang has published widely on development issues affecting China and East Asia. He is the A-List commentator for the Financial Times on China and his articles are seen frequently in the Wall Street Journal, Bloomberg, CNN and Foreign Affairs. His recent books include East Asia Visions and Reshaping Economic Geography in East Asia. He has a PhD in economics from Princeton University and a BA from Yale University.
About the Carnegie-Tsinghua Center
Through its platform at Tsinghua University, the Carnegie-Tsinghua Center for Global Policy in Beijing brings together top scholars and experts from China and around the world to engage in collaborative dialogue and research on today's common global challenges.
