Will China find a ‘New Normal’? Slow-down, Reform, and Policy Change
China has reached an inevitable turning-point, as it enters middle income status and growth slows from previous miraculous rates. However, while earlier maturing economies in East Asia shifted towards a more “light touch” approach to government, or even democratization, China under Xi Jinping has instead opted for a kind of authoritarian revival. Can Xi’s attempt to drive a new stage of economic, political and social transformation work? Policy reverses in 2015 have led to new approaches in 2016, but formidable obstacles and increasing risks still lie ahead.
Barry Naughton, Sokwanlok Chair of Chinese International Affairs, School of global policy and strategy, UC San Diego
Organisers: ThinkChina.dk & The Danish Finance Society
Barry Naughton is an economist and Professor at the School of Global Policy and Strategy, at the University of California, San Diego. Naughton has published extensively on the Chinese economy, with a focus on four interrelated areas: market transition; industry and technology; foreign trade; and Chinese political economy. His pioneering study of Chinese economic reform, Growing Out of the Plan: Chinese Economic Reform, 1978-1993 (Cambridge University Press, 1995) won the Masayoshi Ohira Memorial Prize. Dr. Naughton’s comprehensive survey, The Chinese Economy: Transitions and Growth, was published by MIT Press in 2007; and his most recent book (co-edited with Kellee Tsai), State Capitalism, Institutional Adaptation and the Chinese Miracle, has just appeared from Cambridge University Press (2015). Naughton also publishes regular quarterly analyses of China’s economic policy-making online at China Leadership Monitor. Dr. Naughton received his Ph.D. in Economics from Yale University in 1986.
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