The fourth installment of the Pacific Council's BRICS Summer Teleconference Series, exploring China's current economic situation and future prospects.
China’s economic growth, in relative terms, continues to be slow. Beijing reported in June that the country's economy grew just 6.7 percent in the most recent quarter, its slowest pace since the 2008 financial crisis. George Magnus, an associate at the China Center at Oxford University and a senior adviser at the Swiss bank UBS, estimates that credit in China is growing four times as fast as the broader economy. A recent International Monetary Fund report states that China’s corporate debt now amounts to 160 percent of its economic output.
What's next for China? Will it be able to maintain its standing as the strongest economic force in the BRICS coalition?
Listen to the full conversation below:
Dr. Roselyn Hsueh, Associate Professor of Political Science, Temple University
Dr. Roselyn Hsueh is the author of China’s Regulatory State: A New Strategy for Globalization. Dr. Hsueh recently served as Residential Research Faculty Fellow at UC Berkeley's Institute of East Asian Studies and as Visiting Scholar at UC Berkeley School of Law's Center for the Study of Law & Society. Read more.
Dr. Cindy Fan, Vice Provost for International Studies and Global Engagement, UCLA
Dr. Cindy Fan is the author of China on the Move: Migration, the State, and the Household. Prior to her Vice Provost appointment at UCLA, Dr. Fan served as Associate Dean of Social Sciences, Chair of the East Asian Studies Interdepartmental Program, and Chair of the Asian American Studies Department. Read more.
Ms. Rebecca Liao, Director of Business Development, Globality Inc.
Rebecca Liao is the Director of Business Development of Globality, Inc., a stealth startup in Silicon Valley. She is also a writer and China analyst. Her writing has appeared in the New York Times, Financial Times, Foreign Affairs, The Atlantic, and many other publications. Read more.