MANAGING CHINA’S DOMESTIC ECONOMIC GOVERNANCE

Starting Time 活動開始時間

March 30, 2022 at 9:30 AM UTC

(In your time zone. 閣下所在時區)

March 30, 2022 at 3:00 PM GMT+5:30

(In the event local time zone. 活動所在時區)

Participants 嘉賓
  • Muyang Zhang, Associate Professor at China Public Finance Institute, Shanghai University of Finance and Economics.
  • Shenghao Zhu, professor of Economics, University of International Business and Economics, Beijing
  • Aravind Yelery Senior Research Fellow, Peking University, Beijing/Shenzhen
  • Santosh Pai, Partner, Link Legal and Honorary Fellow, Institute of Chinese Studies, New Delhi (Chair)
Organizers 主協辦機構

Institute of Chinese Studies, New Delhi

Mode 活動形式
Online
Languages 語言
English
Description 詳情

China’s journey in the global economy earned it the title of ‘unstoppable juggernaut’, but the growing discussions on China’s economic future indicate the extreme swings. This is evident especially in the aftermath of the global financial crisis, trade war, plunging exports and overwhelming pressures causing weak recovery. As a result, in a downturn, the state planners resort to various tools to control the crisis. Handling a bout of economic weakness has not remained as simple as it used to be in the past. The leadership and the planners are preparing to mitigate traditional and newer forms of challenges. China has been speeding up spending on infrastructure, taking more neutral steps towards income taxes and relaxing some restraints on bank lending. These directions look more evident than in the past. Cleaning up the financial system, stabilising growth and deleveraging are key measures China is adopting to manage its domestic economic governance. At the same time, China also explores to continue the generous, supportive economic policies to stimulate growth from below. It would be interesting to watch how well China is equipped to manage such stress and work around its domestic economic governance.

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