Burgess COMMENTARY
From a simplistic American viewpoint, the rise of China is very disconcerting ... but in fact, the fact of China's rise, and indeed the rise of India as well, are realities that should be celebrated. What is disappointing is that the policy framework embraced by American banks, business and policy experts has enabled a massive shift in economic wealth in the United States from the vast majority of those who work to pay the bills (or worse are unemployed and cannot pay the bills) to the relatively few who are in the investor class. There has been huge progress in technology but this has been used to manage profit maximizing supply chains and logistics more than it has been used to enable more efficient domestic manufacturing in the United States.

Peter Burgess

ODI Workshop on China Trade and international infuence

DISCUSSION
Chair
Jonathan Fenby, CBE @JonathanFenby - Journalist, founding partner and Managing Director of the China team,Trusted Sources
Speakers
Becky Liu - Head, China Macro Strategy, Standard Chartered Bank
Steve Tsang - Director, SOAS China Institute
Phyllis Papadavid @ppapadavid - Team Leader, International Macroeconomics, ODI

DESCRIPTION

With 2017 likely to see continued economic and geopolitical uncertainty, China’s economic transformation and liberalisation will take on increased importance. Any shifts in its economic relationships will also be important, particularly in the light of the new US administration. What opportunities and risks could the new US administration present for the Chinese economy? What are the global implications of the ‘One Belt One Road’ policy? And where next for the renminbi?

China’s economy is now multi-faceted in its global importance. Following the renminbi’s inclusion into the International Monetary Fund’s SDR basket, Chinese policymakers are likely to continue to set the conditions for further financial and economic liberalisation. China’s ‘One Belt One Road’ investment initiative will be significant in supporting trade. All the while, the domestic transformation of China’s economy and growing strength in its household sector are likely to be a global growth boon. ODI and Standard Chartered Bank host a panel discussion and networking reception to mark Chinese New Year.