Debunking the Myths of the Chinese Economy

Friday, May 8, 2015
12:00 PM - 1:30 PM
(Pacific)
Speaker: 
  • Keyu Jin

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Keyu Jin
There is a fundamental misunderstanding and misconception about the Chinese economy - about how it works and what are the true challenges it faces. In the talk, Dr. Keyu Jin will highlight three major myths: on what really drives growth in China, what explains its high savings rate, and the economic consequences of the one child policy. Everyone has something to complain about the Chinese economy: large misallocation of resources, low employment growth, a declining share of the economic pie going to Chinese households, environmental costs, financial repression, and wage suppression. Dr. Jin will argue that all of these phenomena are not disparate problems, but are all part of the same fundamental problem, one of macroeconomic structure. The Chinese economy is not 'imbalanced,' rather it is subject to a vicious cycle. And yet, there is still reason to view the Chinese economy with 'guarded optimism.'

Dr. Keyu Jin is an Assistant professor of Economics at London School of economics. She is from Beijing, China, and holds a B.A., M.A., and PhD from Harvard University. Her field of expertise is international macroeconomics and the Chinese economy. Her research has focused on global imbalances and global asset prices, demographics, as well as international trade and growth. Her research is tightly linked to examining the various economic issues in China. She has multiple publications in the American Economic Review, and has also written opinion pieces for the Financial Times and Project Syndicate. She sits on the Asian advisory board of Richemont Group and is also a World Economic Forum Young Global Leader. 

Please note this event is off the record.