The 20th National Congress of the Chinese Communist Party is scheduled to begin on October 16, 2022. Its outcomes will determine the country’s trajectory for years to come. Join APARC’s China Program for an expert panel covering the Congresses’ context, coverage, and policy implications for the future. This panel discussion will provide expert analyses of what was expected, what was unexpected, how the policies announced may play out over the coming years, and some lesser-covered policy changes that may herald implications for China and the world.

Speakers 

 

Jude Blanchette holds the Freeman Chair in China Studies at the Center for Strategic and International Studies (CSIS). Previously, he was engagement director at The Conference Board’s China Center for Economics and Business in Beijing, where he researched China’s political environment with a focus on the workings of the Communist Party of China and its impact on foreign companies and investors. Prior to working at The Conference Board, Blanchette was the assistant director of the 21st Century China Center at the University of California, San Diego. 

 

Emily Feng is NPR’s Beijing correspondent. Feng joined NPR in 2019. She roves around China, through its big cities and small villages, reporting on social trends as well as economic and political news coming out of Beijing. Feng contributes to NPR’s news magazines, newscasts, podcasts, and digital platforms. Emily is the recipient of the 2022 Shorenstein Journalism Award for excellence in coverage of the Asia-Pacific region. 

 

Qingguo Jia is professor of the School of International Studies of Peking University. Currently, he is a Payne Distinguished Fellow at the Freeman Spogli Institute for International Studies at Stanford University. He received his Ph.D. from Cornell University in 1988. He is a member of the Standing Committee of the National Committee of the Chinese People’s Political Consultative Conference. He is vice president of the China American Studies Association，vice president of the China Association for International Studies, and vice president of the China Japanese Studies Association. He has published extensively on US-China relations, relations between the Chinese mainland and Taiwan and Chinese foreign policy.

 

Alice L. Miller is a historian and a research fellow at the Hoover Institution. From 2001 to 2018, she was editor and contributor to Hoover’s China Leadership Monitor. 

This event is part of APARC’s 2022 Fall webinar series, Asian Perspectives on the US-China Competition.

The China Program brings Inaugural China Policy Fellow Laura Stone to provide on the ground views of what the U.S.-China competition means for the region. As Asia perspectives on U.S.-China competition and Chinese intentions in the region develop and change, Laura will give us insights into how Washington stakeholders’ understanding of these perspectives has shifted and evolved. In a complex iterative process, Chinese and U.S. actions — and the reactions from the countries and countries and entities in Asia — shape a dynamic policy process within the region.

Speaker

Laura Stone joins the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) as Visiting Scholar and Inaugural China Policy Fellow for the 2022-2023 academic year. She was formerly the Acting Deputy Assistant Secretary for China and Mongolia, the Director of the Office of Chinese and Mongolian Affairs, and the Director of the Economic Policy Office in the Bureau of East Asia and Pacific Affairs. She served three tours in Beijing as well as tours in Bangkok, Tokyo, the Public Affairs Bureau, the Pentagon Office of the Secretary of Defense, and the Bureau of Intelligence and Research. Most recently, she serves the U.S. Department of State as Deputy Coordinator for the Secretary's Office for COVID Response and Health Security. While at APARC, she will be conducting research with the China Program and Professor Jean Oi regarding contemporary China affairs and U.S.-China policy.

With a population of 1.4 billion people in the midst of industrialization and urbanization, the role of China in tackling climate change will be critical to the success of human species in facing up to the world's greatest existential challenge. Based on the newly published book -- Climate Mitigation and Adaptation in China: Policy, Technology and Market, FU Jun will discuss the parameters, policies and prospects of China's role in meeting the global crisis. In particular, in light of the country's regional heterogeneity and aided by simulation modeling, he will discern the philosophical nuances between particular justice and general justice in Chinese strategic thinking toward equitable, inclusive and sustainable growth, and focus on how different sets of technologies -- low carbon, zero carbon, negative carbon, as well as institutional technology -- will likely configure in an adaptive and dynamic fashion in China's pathways toward carbon peak prior to 2030 and carbon neutrality by 2060, and with implications for green financing and international cooperation.

FU Jun is Professor of Political Economy and Public Policy at Peking University. He has authored, co-authored, and edited five books, including Institutions and Investments (Studies in International Economics, The University of Michigan Press), Pathways to Prosperity: A China Narrative in Metaheuristic Growth Theory (in Chinese, Peking University Press), and Climate Mitigation and Adaptation in China: Policy, Technology, and Market (Springer Nature). Graduated with Ph.D. from Harvard University, he is the first Chinese national to have been elected as Foreign Academician in 2020, together with Anthony Giddens and Jurgen Harbermas, by the Bologna Academy of Sciences in its time-honored history.  Inter alia, he has been an invited reviewer for PNAS, served on the 11-Member Visiting Committee for Area Studies and International Programs across Harvard University, and on the Advisory Board of Economia Politica. Outside academia, he has served as Member of the Listing Committee of Shenzhen Stock Exchange, Executive Board Member of SOS Village (China), Vice Chair with A. Michael Spence as Chair of the World Economic Forum’s Global Agenda Council on New Growth Models, Board Member of Peking University Educational Foundation, and Advisor to the Chairman of the Executive Council of UNESCO.

This event is co-sponsored by Stanford Center at Peking University

This is a virtual event. Please click here to register and generate a link to the talk. 
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The fundamental reason for the extreme leverage today in China’s banks, enterprises and the state itself is found in the decentralized fiscal arrangements of highly self-reliant local governments. This problem has been compounded by the excessive stimulus lending over the past decade. As a result Beijing has promoted the creation of an extensive shadow banking system designed to protect the stability of the major state banks. Stepping back this has led to the state’s growing leverage. This presentation focuses on the impact of the shadow banking system on the state’s finances and compares the costs of China’s response to the global financial crisis with the US response.

 

Carl Walter joins the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) as visiting scholar with the China Program for the 2021-2022 academic year. Prior to coming to APARC, he served as independent, non-executive Director at the China Construction Bank. He was also previously a visiting scholar with APARC during the winter and spring terms of the 2012–13 academic year after a career in banking spent largely in China. 

His research interests focus on China's financial system and its impact on financial and political organizations. During his time at Shorenstein APARC Walter will continue his book project on how fiscal reforms in China have impacted the banking system, the overall economy and the prospect for financial reform going forward. Walter has contributed articles to publications including Caijing, the Wall Street Journal and the China Quarterly. He is also the co-author of Red Capitalism: The Fragile Financial Foundations of China's Extraordinary Rise (2012) and Privatizing China: Inside China's Stock Markets (2005).

Walter lived and worked in Beijing from 1991 to 2011, first as an investment banker involved in the earliest SOE restructurings and overseas public listings, then as chief operation officer of China's first joint venture investment bank, China International Capital Corporation. Over the last ten years he was JPMorgan's China chief operating officer as well as chief executive officer of its China banking subsidiary.

Walter holds a PhD in political science from Stanford University, a certificate of advanced study from Peking University and a BA in Russian Studies from Princeton University.

 

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This event is part of the 2022 Winter webinar series, The Future of China's Economy, sponsored by the APARC China Program.

 

This is a virtual event. Please click here to register and generate a link to the talk. 
The link will be unique to you; please save it and do not share with others.

 

In China, market institutions are still being developed and private owned enterprises need help to overcome obstacles arising from the imperfection of market institutions. Such help can come from various levels of the government or state-owned enterprises. It is believed that such help is more likely if a major shareholder of the private enterprise has formed a joint venture with a state shareholder, either directly or indirectly. In this talk, Bai Chong-en will discuss ownership connections among state and private investors (ultimate shareholders) and their changes overtime. He will also examine the relationship between the degree of such connection and some important characteristics of the investors. His model suggests that such connections have played an important role in the growth of the private sector. 

BAI Chong-En is the Mansfield Freeman Chair Professor and dean of the School of Economics and Management of Tsinghua University. He is also the director of both the National Institute for Fiscal Studies of Tsinghua University and the Institute for State-Owned Enterprises of Tsinghua University. He earned his PhD degree in economics from Harvard University. His research areas include institutional economics, economic growth and development, public economics, finance, corporate governance, and Chinese economy.

BAI is a member of the National Committee of the Chinese People’s Political Consultative Conference, the “14th Five-Year Plan” National Development Planning Expert Committee, the Chinese Economists 50 Forum, the China Finance 40 Forum, and Chinainfo 100. He was a member of the monetary policy committee of the People’s Bank of China from 2015 to 2018. He served as Adjunct Vice-President of Beijing State-Owned Assets Management Co., Ltd. from August 2011 to December 2012. He was a non-resident senior fellow of the Brookings Institution from 2006 to 2007.

 

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This event is part of the 2022 Winter webinar series, The Future of China's Economy, sponsored by the APARC China Program.