DEF IX - China's Economy: The Slowdown and its Consequences

The 9th edition of our Annual Conference took place in Delphi and Arachova on April 10-13, 2024
Programming Partner: Chatham House
China’s economy is suffering from a slump in confidence, which is plainly evident among both households and firms. This slump is often explained as the consequence of the government’s determined effort to wean the economy off of its dependence on real estate investment, which has had negative consequences for local government finances, household balance sheets and the financial sector. Despite these hostile forces, the authorities have done little to loosen fiscal or monetary policy. This panel of renowned China experts will delve into the precise reasons for the economy's problems, and will discuss what should and what is likely to be done about it.
Alicia Garcia-Herrero, Chief Economist for Asia Pacific, Natixis, China (online)
Michael Pettis, Carnegie Endowment for Int’l Peace; Finance Prof, Guanghua School of Management, Peking University, China
Yu Yongding, Director-General of World Economics and Politics (IWEP), CASS
Chair: David Lubin, Michael Klein Senior Research Fellow, Chatham House, UK