After China lifted the Covid-19 lockdowns, many people expected a rebound in the Chinese economy. However, that has not materialized yet and there are concerns that the current slowdown will last for some period of time.
Will the world’s second-largest economy and a critical part of global trade and manufacturing rebound with a strong manufacturing cost position, large investments in technology and the advanced education of millions of students, a potential surge in consumer spending, and continued investments in infrastructure by the government? Or, will high levels of debt, an overbuilt real estate sector, increasing government controls of the economy and technology, a shrinking population, and growing dissatisfaction on the part of those in the 18 to 30 year age bracket stifle growth on a long-term basis?
The answer to this question is critical not only to China, but to the global economy because of the complex and myriad links between the Chinese economy and the rest of the world. On Thursday, November 16, from 5:00 pm to 6:15 pm Eastern Time, Committee of 100 hosted a public forum debate with three leading experts to shed light on this important topic, followed by a 15-minute Q&A session from the audience.
Professor Shang-Jin Wei of Columbia University argued the “temporary” point of view, Professor Stephen Roach of Yale University argued the “it depends” point of view, and Dan H. Rosen of Rhodium argued the “permanent” point of view. The debate was moderated by Peter Young, a Committee of 100 member and CEO of Young & Partners.
Throughout the event, there was an interactive component where attendees were able to vote. Prior to the debate, attendees indicated their initial position on the issue via a voting mechanism. Then, after the debate has concluded, they indicated their position once again, showing how the debaters have influenced the audiences’ original positions. Attendees also had the opportunity to cast their votes for the speaker they consider to be the “best debater.”
This is a hybrid event. You can choose to attend in person at the Jay Conference Bryant Park (109 W 39th St, New York, NY 10018) or virtually via Zoom. Capacity is limited for in-person attendance.