Credit and Credibility: Risks to China’s Economic Resilience

EVENT DETAILS:
DATE: Wednesday, Oct. 3
TIME: 10:00 a.m. – 11:30 a.m. ET
LOCATION: Center for Strategic and International Studies headquarters, 1616 Rhode Island Avenue, NW, Washington, DC

LIVESTREAM: Here. 

Join the Freeman Chair in China Studies on October 3rd for a special presentation of the newly released report by Freeman Chair in China Studies Senior Associate Daniel Rosen and Adjunct Fellow Logan Wright, Credit and Credibility: Risks to China’s Economic Resilience. Following an introduction by Deputy Director of the Freeman Chair in China Studies Scott Kennedy, the authors will describe their key findings. In the past decade, China has seen the largest credit expansion by any country in over a century, without a financial crisis or sudden slowdown in growth.

The presentation will explore why China’s economy has been so resilient and examine whether this pattern of stability could change. The report itself examines China’s epic growth performance to date, and why it is running out of steam. Beijing cannot for long assure stability for an increasingly risky and complex system, as its credibility is stretched thin. This analysis has implications for how the United States and other advanced economies should prepare for a riskier outlook for China’s economy.