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China's Adjustment to the Crisis: Green Shoots, Growth Strategy
and Structural Issues |
Conference |
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July 9, 2009 |
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Since the autumn of 2008, Chinese authorities have engaged into massive public spending and into the reconstruction of a social safety net, with the objective of re-balancing Chinese growth towards domestic demand.
After a few months, it seems that China could be one of the first economies to recover from the crisis. To what extent is it the case? Will this be a V-shape or U-shape recovery? What is the future of the industrial sector? If industrial growth is back, is it overestimated? Are export growth trade figures accurate, or is export demand still shrinking? To what extent will the Chinese economy be deeply restructured? What is the outlook of social reforms? Is the rebalancing policy consistent with the halt of the Renminbi's appreciation against the US dollar? What is the exit strategy from reserve accumulation in relation with the peg on the dollar? |
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| Yu Yongding |
Director-general, Institute of World Economics and Politics (IWEP), Academician of Chinese Academy of Social Sciences (CASS), Beijing |
Guest Speaker |
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| Françoise Lemoine |
Economist senior, CEPII |
Discussant |
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| Agnès Bénassy-Quéré |
Director, CEPII |
Chair |
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