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Lunch Seminar – China: Saviour or Problem for the Global Economy?

March 24 2009
Venue: ECIPE Office, Rue Belliard 4-6, 7th Floor, 1040 Brussels.
Speakers: Speaker: Guy de Jonquières, Senior Fellow, ECIPE
Time: 12:00

China’s economic rise has been at the heart of the recent deepening of globalisation, and a global recovery will have to involve China. China has proven to be highly vulnerable to the developments in the international economy, and its economic growth is set to be much slower than in recent years. China critics insist on its central role in fostering the macroeconomic imbalances that fed into the financial collapse. This criticism questions China’s export-oriented development model. Protectionist pressures against China are on the rise, and China itself is increasingly sceptical about the benefits of global economic integration. In the meantime, international cooperation attempts to tackle the global crisis oscillate between involving China and making it an easy target in the search for culprits. How exactly is China affected by the international financial and economic crisis? What is, more precisely, its role in its unfolding? What is the content of China’s much-awaited stimulus package, and will it work? What is China’s role in current attempts at international cooperation within the G20 or directly with its main partners – such as the US – on tackling global imbalances and averting protectionism? In this context how should the very protracted China-EU economic relations evolve in 2009?

In this seminar, Guy de Jonquières will discuss the role of China in the current economic crisis and address the burning questions raised above. Guy de Jonquières is Senior Fellow at ECIPE and former Chief Asia columnist at the Financial Times.

A sandwich lunch will be served.