Yukon Huang, author of the new book Cracking the China Conundrum: Why Conventional Economic Wisdom Is Wrong, addresses changes in the Chinese economy.

Yukon Huang, Senior Fellow, Asia Programme, Carnegie Endowment for International Peace
Chair: Dr Michal Meidan, Associate Fellow, Asia Programme, Chatham House

01:06:18

Overview

In light of predictions that China will experience its slowest economic growth for 26 years with an annual growth target of 6.5 per cent, President Xi Jinping has called for new regulations to crackdown on financial risk, a shift to a new service-driven economic model and a continuation of the deleveraging of the economy. But why has this slowdown occurred? Will surging corruption hamper growth? And what does it mean for economic development in the west of China, for the ‘One Belt, One Road’ initiative, foreign trade and investment tensions with Europe and the US? Yukon Huang, author of the new book Cracking the China Conundrum: Why Conventional Economic Wisdom Is Wrong, addresses changes in the Chinese economy.

More information at China’s Economy: Why Conventional Wisdom Can Be Wrong