Join us this Thursday at 4:30 CT at the University of Wisconsin for an intriguing discussion on the unprecedented economic growth of China since 1978 and the evolving national security strategy of the United States in response. The goal of the economic policy towards China is shifting towards derisking, yet the increasing tariffs and export controls hint at a potential decoupling strategy. What are the costs and risks involved for the United States in reducing economic ties with China, the fastest growing economy in the world?
Biography of Nicholas R. Lardy:
Nicholas R. Lardy, renowned as “everybody’s guru on China,” is a distinguished nonresident senior fellow at the Peterson Institute for International Economics. With an extensive background in international studies and economics, Lardy has authored numerous influential books on China’s economic reforms and challenges. His insights and perspectives are highly regarded in academic and policy circles.
The University of Wisconsin-Madison proudly sponsors this event in collaboration with various centers and schools focusing on East Asian studies, legal studies, economics, and public affairs.
Insights on China’s GDP growth through Q3:
BOFIT provides an overview of recent stimulus measures in China that have failed to spark a significant cyclical rebound in the economy. Despite announcements of stimulus measures, the country’s short-term outlook remains unchanged. The government’s reluctance to enact necessary reforms to boost consumption can be attributed to high public debt and limited fiscal capacity, which conflicts with the emphasis on innovation by Xi JinPing.
Key points highlighted by Natixis include:
– Economic data releases post Third Plenum did not improve the short-term outlook.
– Stimulus measures aimed at revitalizing the economy have fallen short.
– Reforms to support consumption are hindered by the need to sustain industrial subsidies.
– The focus on asset price stabilization may not address underlying demand and overcapacity issues.
As opinions differ on the effectiveness of these measures, hearing from experts like Lardy can offer unique perspectives and insights.
In conclusion, the relationship between the U.S. and China is at a critical juncture, with implications for global economics and security. Understanding the complexities and nuances of this dynamic is vital for navigating the evolving landscape of international relations. Join us for a thought-provoking discussion on the future of economic ties between the two superpowers.
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