With a growth rate of 6.9% during the first quarter, China's opening in 2017 was eye-catching. But has the Chinese economy really entered a new cycle?
China started the year with its strongest quarterly performance in 18 months, on the back of revitalised business activities, real estate markets and credit growth. Despite exceeding analysts’ expectations, there is a debate on whether the economy is actually on the rebound, or China’s investment-led growth model has run out of steam.
2017 is a key year for the Chinese leadership. But could this level of growth be sustained without structural reforms? Is China able to modernise its service sector, needed for productivity improvement and employment? What kind of social model does China need for its growth?
Professor Fan HE is the Executive Director of Research Institute of Maritime Silk Road (RIMS) and Economics Professor at HSBC Business School, Peking University. He is also a Senior Economics Fellow at the Institute for New Economic Thinking in New York. He will be joined by a leading group of trade economists from China, Korea and Japan in the audience.
This event will take place back to back with the seminar “ASEM: EU-Asia Economic Diplomacy in Uncertain Times”