Market vs State in China
Nicholas R Lardy, Anthony M Solomon Senior Fellow, Peterson Institute for International Economics
Chair: Michal Meidan, Associate Fellow, Asia Programme, Chatham House
The speaker will discuss the role of private and state firms in China, asserting that virtually every dimension of the country’s economic success over the past three-and-a-half decades can be attributed to the rise of markets and private businesses. He will argue that allowing markets to be the decisive force in the allocation of resources and eliminating all but natural monopolies, reforms that have been embraced by the Chinese Communist Party, will be the basis for sustaining China's future growth.