China in the Lead: Assessing the Dimensions and Global Implications of China's Economic Recovery
China is ascending rapidly in the world economic order and is already exerting significant influence on the global economy. For most companies, the China market and China sourcing are critical and challenging business development imperatives. For many companies, China’s massive SOEs and National Champions also pose a significant global competitive threat that is emergent and poorly understood.
Business Issues:
- How is China doing in dealing with the global financial crisis? What opportunities or risks are inherent in China’s recovery and growth strategy?
- What are China’s globalization aspirations? What is the focus and status of globalization efforts by Chinese firms? How might these efforts affect global markets?
- What is happening with the rapid progress of China-led integration of China and ASEAN economies via FTAs, currency swaps and resource agreements? What are the emerging dynamics of a regionalized Asian market and its supply chains?
Audience: This KnowlEdge Series is targeted at a cross-functional audience of senior executives interested in China’s recovery, growth, and future impact on global markets and the competitive environment. Functional areas that will benefit include Global and International Management, Corporate Finance, M&A, Planning and Strategy, Risk Management, Economics.
PART 1: China and the Global Crisis—the Inside Story … view details
30 September, 2009 10:00 AM EST [10:00] | (1 hr)
China arguably has the right conditions and tools to achieve world-leading recovery. However, the stimulus programs and measures embrace some old centrist formulae that may not work for today’s China and/or amidst the current global backdrop. Hence, the sustainability of the government-investment fueled stimulus growth is questionable. Structural rebalancing and further market reform is a likely requirement to achieve sustainable growth. Will this happen?
Key Points to be covered:
- The impact of the global financial crisis on China
- China’s stimulus program response
- Results to date—early signs of recovery
- Possible risks to sustainable growth going forward
- Openings and closings—how the MNC/VC/PE investment environment is shaping up
PART 3: China-Led Integration of Asian Economies—An Opportunity or Threat?… view details
15 October, 2009 10:00 AM EST [10:00] | (1 hr)
With the fall off in export demand from the US and EU, China has been focused on expanding trade relationships in Asia and other emerging markets. To this end, China has recently extended the equivalent of more than USD 100 billion in RMB for use in trade settlement between China and its Asia Pacific trading partners. In parallel, China has been aggressively expanding Free Trade Agreements and resource deals in Asia. Will this strategy work, and if it does, what does it mean for business globally?
Key Points to be covered:
- Recent activities to extend the RMB for trade settlement in ASEAN
- New banking regulations, currency agreements, and mergers in Greater China’s financial services and stock exchanges
- 2010 FTAs, currency swaps, resource agreements
- The future of the RMB as an exchange currency or reserve currency alternative to the USD
- Supply chain implications
Series Hosts
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Gail D. Fosler
Senior Advisor Gail D. Fosler is a senior advisor and past president of The Conference Board. She advises The Conference Board on economic and research issues and leads its partnership with the Business Council. She is a member of The Conference Board’s Gl... Full Bio |
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Bart van Ark
Executive Vice President & Chief Economist The Conference Board Bart van Ark is executive vice president and chief economist of The Conference Board. He leads a team of almost two dozen economists who produce a range of widely watched economic indicators and growth forecasts, as well as indepth global economic... Full Bio |
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Kenneth Dewoskin
Senior Advisor The Conference Board China Center for Economics and Business Professor Emeritus of Business Administration University of Michigan Kenneth Dewoskin is Senior Vice President at The Conference Board and a Senior Advisor to The China Center. A former professor of International Business and Asian Languages and Cultures at the University of Michigan, Dr. DeWoskin has been involve... Full Bio |
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David Hoffman
Vice President and Managing Director, The Conference Board China Center for Economics and Business David R. Hoffman is vice president and managing director of The Conference Board China Center. Based in Beijing, Hoffman is responsible for the center’s strategy, research agenda, research program delivery, partner relationships with Chinese... Full Bio |