How will a stagnated real estate market affect the future of the Chinese economy? The real estate sector contributed over 30% of China's fiscal revenue in 2020. As the most significant force driving China's development over the past decades, this sector has been increasingly challenged. What is the future of China's real estate sector? If not real estate, what can be an alternative development model for China?
In September, China's real estate giant Evergrande underwent a financial crisis, eliciting large scale responses from the global economy. A potential default of Evergrande would further implicate suppliers and debt owners, creating ripple effects in the real estate market and the overall Chinese economy. What lessons we have learned from the Evergrande case, and to what extent does the case represent the dilemmas faced by other Chinese real estate firms?
AmCham China invites world-renowned experts from New York and London to discuss the macroeconomic landscape of China, together with implications of the Evergrande. Shehzad Qazi is the managing director of China Beige Book, one of the most prominent and insightful survey and research firms on the Chinese economy. George Magnus was chief economist at UBS and current research associate at Oxford China Center. Our experts are cited frequently in major news outlets such as Financial Times, Bloomberg, the New York Times etc. It's a great opportunity to hear the views from outside China. AmCham President Alan Beebe will be the moderator for the event. Beyond the real estate sector, our speakers will walk you through China's search for a new development model, namely Dual Circulation, the regulatory blitz, and the notion of Common Prosperity.
- The Microsoft Teams meeting link will be sent to the approved registrants before the event.
- This event is off the record and will be conducted in English only